14th Jun 2016 07:54
LONDON (Alliance News) - Berkeley Energia Ltd on Tuesday said it has resumed the exploration programme targeting further deposits at the Salamanca project in Spain.
Two rigs are currently on site testing extensions to the Zona 7 deposit and Las Eras, a new targeted located north of Zona 7.
A further 15 drill holes are to come south of Zona 7, the group said.
"The Zona 7 deposit has transformed the economics of the Salamanca project and provided the basis for us to commence development. This 38-hole drill programme follows up recent high-grade intersections at Zona 7 and a new target Las Eras, located just five kilometres to the north, testing for high-grade ore which can be added to the mine schedule," said Paul Atherley, Berkeley Energia's managing director.
Berkeley Energia shares were up 3.0% to 34.00 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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