2nd Dec 2020 20:39
Jangada Mines PLC - natural resources company - Notes drilling results from ValOre Metals Corp's Pedra Branca Platinum Group Element project in northeastern Brazil. Jangada holds 18% stake in ValOre. Says PGE Trapia 1 intrusion was intercepted in all eight core holes drilled to the south of the current NI 43-101 resource area and PGE mineralization remains open along strike and down-dip.
"The 2020 drilling at Trapia 1 was a great success, delivering a very strong finish with the assay results received from hole DD20TU20," states ValOre Chair Jim Paterson. "Importantly, for future recalculations of mineral resource estimates, the drilling results suggest that the ore body thickens at depth and also that mineralization remains open in all directions."
Current stock price: 4.97 pence
Year-to-date change: up sharply from 1.65p
By Arvind Bhunjun; [email protected]
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