Firering signs pact for Atex project drilling to begin next month

(Alliance News) - Firering Strategic Minerals PLC on Tuesday said it has signed a drilling contract with FTE Drilling for a campaign at its Atex asset, which is to begin next month.

Firering, focused on lithium and tantalum exploration in west Africa, has partnered with the Canada-headquartered FTE in a reverse circulation drilling programme at the asset in Ivory Coast. Firering owns a 90% interest in Atex Mining Resources, the holder of the Atex project.

Firering said 3,000 metres of drilling will take place as part of the pact, which will be carried out in conjunction with Firering's joint venture partner Ricca Resources Ltd.

According to Firering's Chief Executive Officer Yuval Cohen, 18 hole locations for the project have been finalised and Firering estimates that the project will be completed in February. Testing results will be made available towards the end of the first quarter and will be used to inform future drilling programmes.

Firering shares were flat at 4.90 pence each in London on Tuesday morning.

By Hugh Cameron, Alliance News reporter

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