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New drilling contract

13 Oct 2010 07:00

RNS Number : 2826U
Tri-Star Resources PLC
13 October 2010
 



13 October 2010

 

Tri-Star Resources Plc

("Tri-Star" or the "Company")

 

New drilling contract

 

Amendment to 10 Day Announcement

 

 

The board of directors of Tri-Star (the "Board") announces that the Company has entered into an agreement with a Turkish contractor to undertake a diamond drilling program of the Company's Goynuk antimony mine (the "Agreement"). Tri-Star's commitments under the Agreement will be funded with the Company's existing working capital. The initial program is for approximately 17 diamond holes, targeted at developing a better geological model of the deposit and possible expansion of the known mineralized zones around the mine.

 

The drilling contractor is expected to mobilise immediately and the results of the drilling, assaying and geological assessment are expected before the end of this year. The Board look forward to providing a further announcement in due course

 

In addition, further to the Company's updated AIM Schedule 1 pre-admission announcement issued on 26 August 2010, Tri-Star wishes to clarify that it must publish its first three financial reports pursuant to AIM Rules 18 and 19 by 31 December 2010, 30 September 2011 and 31 December 2011.

 

Enquiries:

 

Strand Hanson Limited (Nomad)

James Harris / Paul Cocker

Tel: +44 (0)20 7409 3494

 

 

Keith, Bayley, Rogers & Co Limited (Broker)

Simon Frost / Brinsley Holman

 

Tel: +44 (0)20 3100 8300

 

Hansard Communications

Justine James / John Bick

 

Tel: +44 (0)20 7245 1100

 

 

 

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