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Mineral & Financial Investments Ltd - Cayman Islands-based investment company specialising in junior mining companies - Says 75%-owned subsidiary Redcorp Empreedimentos Mineiros Lda has received results from the first three holes of a seven hole drill programme at the Lagoa Salgada project.
The drill programme has intersected copper-rich mineralisation in the Lagoa Salgada South Zones in the three holes of the first phase of exploration in 2021 at the Lagoa Salgada VMS project located on the Iberian Pyrite Belt in Portugal.
"The results from the first three holes of Redcorp/Ascendant's drill program in the South Zone confirms the thesis that it is copper rich, with grade intensity improving as we move south and east. We are excited to see this exploration continue activities in the South Zone where the results continue to expand the extent of the mineralization," says Mineral & Financial Chair Jacques Vaillancourt.
Current stock price: 10.00 pence; up 19% on Wednesday
Year-to-date change: up 1.3%
By Lucy Heming;Â lucyheming@alliancenews.com
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