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Schonberg Gold Project Drilling Update

20 Nov 2014 07:00

RNS Number : 5075X
Noricum Gold Limited
20 November 2014
 



Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources

20 November 2014

Noricum Gold Limited ('Noricum Gold' or 'the Company')

Drilling Update at Schonberg Project

 

Noricum Gold Limited, the Austrian focused gold exploration and development company, is pleased to announce that it has commenced drilling a second diamond drill hole, which is anticipated to reach a target depth of 200m at the Weissenbachgraben target, located at the 100% owned Schonberg Gold and Precious Metals Project (the 'Project').

 

Drilling has recommenced following the resolution of issues experienced to date at the Project and as a result this hole will be completed at no cost to the Company. The Project is located in an historic copper mining zone in south-central Austria and previous exploration has already identified up to eight veins along a 3 km strike, three of which were the focus of historic mining and are the focus of the current drilling campaign. In addition, having reopened the Brandegger-Stollen adit, the Company has identified at least two parallel zones and has already collected samples from this area of the Project.

 

Noricum Managing Director Greg Kuenzel said, "We are pleased to be making progress on the ground at Schonberg, having resolved a range of initial challenges, which has resulted in gaining a further drill hole at no further cost to the Company. As well as recommencing drilling, we have taken some initial samples from the reopened adit which will strengthen our understanding of this area within the tenure, and we look forward to providing updates and results from both of these ongoing initiatives at the prospective Schonberg Gold Project."

 

**ENDS**

 

For further information please visit www.noricumgold.com or contact:

 

Greg Kuenzel

Noricum Gold Limited

Company

Tel: 020 3326 1726

Ewan Leggat

S. P. Angel Corporate Finance LLP

Nomad & Broker

Tel: 020 3463 2260

Katy Birkin

S. P. Angel Corporate Finance LLP

Nomad & Broker

Tel: 020 3463 2260

Elisabeth Cowell

St Brides Media & Finance Ltd

PR

Tel: 020 7236 1177

Frank Buhagiar

St Brides Media & Finance Ltd

PR

Tel: 020 7236 1177

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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