Mineral & Financial Investments Ltd - Cayman Islands-based investment company - Notes that Recorp Empreedimentos Mineiros Lda has discovered a new copper-gold zone as well as additional strong results from the Lagoa Salgada VMS project in Portugal, through an additional seven holes drilled as part of an infill program.
The assays continued to support resource conversion for the ongoing feasibility study at the Venda Nova deposit, but also outlines the discovery of a new copper-gold rich semi massive sulphide lens east of the South Zone.
‘Venda Nova continues to surprise to the upside and supports our view that we remain at a relatively early stage of exploration at Lagoa Salgada. The discovery of a new Cu-Au rich semi massive sulphide lens could potentially add to the scale of the deposit as this new zone was not included in previous Resource statements. As Redcorp complete its infill drilling campaign, we are encouraged to see continued evidence for strong resource conversion underpinning the ongoing feasibility study for Venda Nova,’ said Chief Executive Officer Jacques Vaillancourt.
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