Kendrick Resources PLC - London-based Scandinavia-focused mineral exploration and development company - Completes Airijoki extension drill programme in Vittangi, Sweden, drilling a total of 1,394 metres drilled from eight holes. Confirms continuity of vanadium mineralisation and undertakes drilling on two licences within seven contiguous licences. Says remaining five licences are prospective for both vanadium and copper. They will be subject to follow-up exploration.
Chief Executive Officer Colin Bird says: "The successful completion of the latest drill programme is an important step as we build a substantial vanadium resource based on the Airijoki project. We have now drill tested two of the seven licences that comprise the project area and these untested licences have been covered by historic and recent soil geochemistry and geophysics showing similar characteristics to that which has so far led to fresh vanadium discoveries. It is our intention to continue to build a substantial vanadium resource. Further metallurgical test work is required, and this process will continue as we expand our programme".
Current stock price: 0.60 pence, untraded
12-month change: down 57%
By Sabrina Penty, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Kendrick Resources (KEN)