3rd May 2018 16:42
LONDON (Alliance News) - European-focused mineral exploration firm Erris Resources PLC said on Thursday it has been given a new gold exploration permit in Sweden.
The wholly-owned licence covers the Enasen mine in central Sweden, a region that has been found as "highly prospective" for gold.
The company said initial reconnaissance mapping and sampling of the site will commence shortly.
Erris already owns projects in Sweden and the licence will complement their existing portfolio in the area, it added.
Chief Executive Officer Merlin Marr-Johnson said: "The Enasen project encompasses the area surrounding the mine and is largely under-explored, covering an area we believe is a prospective geological setting.
"The addition of the Enasen project to our existing portfolio of projects is in line with our stated objective of identifying low-cost opportunities with the potential to create shareholder value."
Erris shares closed up 5.6% on Thursday at 17.42 pence each.
Related Shares:
ERIS.L