18th Aug 2014 07:47
LONDON (Alliance News) - FinnAust Mining PLC Monday said it has found more high-grade polymetallic mineralisation at the Hammaslahti target in southern Finland, adding to the positive results unveiled for the site last month and sending its shares higher in early trading.
Shares in the Finnish metals miner were up 8.7% to 2.99 pence early Monday, putting it among the top five gainers on the AIM All-Share index.
The company said it has discovered more copper, zinc, lead, silver and gold mineralisation at Hammaslahti. On the back of the strong results for the R326 hole at the site, the firm has started drilling on R327, a further 100m south of the R326 hole.
"With the high-grade, multi-metal nature of the mineralisation discovered to date we are excited to be growing this lode and remain positive on the ability of our team to discover more such structures and grow the Hammaslahti Project through the drill bit," said FinnAust Executive Director Alastair Clayton.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
FAM.L