Last checked at 21 Oct 2014 10:21
21 October 2014
Paternoster Resources plc
("Paternoster" or the "Company")
Announcement by Ortac re. Andiamo
Paternoster is pleased to note the announcement by Ortac Resources Limited ("Ortac") earlier this morning that it has received the final set of assay results from the systematic trenching programme recently completed by Andiamo Exploration Ltd ("Andiamo") on the Yacob Dewar deposit located within the Haykota exploration concession area, Eritrea. This final set of assay results serves as confirmation that near surface high-grade gold and oxide copper mineralisation exists within the Yacob Dewar deposit.
Nicholas Lee, Chairman commented:
"This latest set of assay results from Andiamo confirms the existence of high grade gold and oxide copper within the Yacob Dewar deposit. This is another positive step towards the development of a commercial mine."
For more information please contact:
Paternoster Resources plc: | |
Nicholas Lee, Chairman Matt Lofrgan, Non-Executive Director | +44 20 7580 7576 |
Nominated Advisor and Joint Broker: | |
Westhouse Securities | |
Antonio Bossi / David Coaten | +44 20 7601 6100 |
Joint Broker: | |
Peterhouse Corporate Finance | |
Lucy Williams | +44 20 7562 3351 |