Last checked at 12 Mar 2014 09:00
Paternoster Resources plc
("Paternoster" or the "Company")
Announcement by Ortac re. Andiamo
Paternoster is pleased to note the announcement today in relation to one of its investments, Andiamo Exploration Ltd ("Andiamo").
Ortac Resources Ltd ("Ortac") announced today that Andiamo has commenced a diamond core drill programme at its Yacob Dewar gold and copper exploration project in Eritrea. The current drilling programme has primarily been designed to target the interpreted shallow copper oxide mineralisation at Jacob Dewar, with the intention of defining a JORC Code (2012) compliant mineral resource. In addition, further holes will target the Jacob Dewar high-grade gold mineralisation to assist Ortac in re-interpreting this structure.
For more information please contact:
Paternoster Resources plc: | |
Nicholas Lee, Chairman | +44 20 7580 7576 |
Nominated Advisor and Joint Broker: | |
Westhouse Securities | |
Antonio Bossi / Paul Gillam | +44 20 7601 6100 |
Joint Broker: | |
Peterhouse Capital Limited | |
Jon Levinson | +44 20 7562 3351 |