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Mineral & Financial Investments Ltd - Cayman Islands-based investment company specialising in junior mining companies - Phase two of 2020/2021 exploration program in the South Zone at the Lagos Salgada project located on the Iberian pyrite belt in Portugal to start.
Phase two will be carried out by 75% subsidiary Redcorp Empreedimentos Mineiros Lda, and consists of 1,400 metres of drilling and downhole IP surveys, following the successful phase one program. Objective is to significantly increase and upgrade resources at the copper-rich South Zone.
Area has Measured and Indicated resources of 2.74 million tonnes and 6.09 million tonnes of Inferred resources.
Current stock price: 9.60 pence, up 5.5%
Year-to-date change: down 2.8%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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