FCR revises exploration strategy for Toral project
Source - SMW
Lead-zinc exploration company Ferrum Crescent has announced a revised exploration strategy for the Toral project in the province of Leon, Spain.
It said the new strategy would be led by Myles Campion, the newly appointed executive director for FCR and Laurence Read, executive director, working directly with the independent resource consultancy, Addison Mining Services, targeting a maiden JORC (2012) compliant resource for the Toral project by the end of 2017.
FCR said the company and its consultants were now processing the data from historical drilling and exploration work to standardise all available information into one data format.
It said the initial results from this work had been incorporated into the revised strategy at Toral and work was now underway for the preparation of a JORC (2012) compliant resource estimate.
It said the JORC block model and resource review would now incorporate the recently completed 2017 drilling programme and, as a priority, would assess the potential for future increases in lead/zinc tonnage and grade at the project.
At 9:21am: (LON:FCR) Ferrum Crescent Ltd share price was +0.01p at 0.06p