Mineral & Financial releases Portugal drill results
Source - SMW
Mineral & Financial Investments said its 49%-owned investment, TH Crestgate, has released more assay results from its a drilling campaign designed to expand a resource at the Lagoa Salgada zinc-copper project in Portugal.
The latest drill hole, LS-MS-06, stuck 98 meters of mineralization grading an average of 8.4% of zinc equivalent1 from 127m, the company said.
"This fifth hole is exciting," chairman Jacques Vaillancourt said.
"We believe when you hit 63 meters of 12% zinc equivalent starting at 128m of depth in a infrastructure-rich, mining friendly jurisdiction - you have done very well."
At 9:07am: (LON:MAFL) Mineral Financial Investments Ltd share price was +0.5p at 14.75p