13th Aug 2026 18:12
Richmond Hill Resources PLC - London-based holding company focused on copper exploration in Canada - Says its first surface sampling programme at the Sakoose Mine has confirmed high-grade gold mineralisation within the historic workings. This includes 25.9 grams per tonne from an outcrop between two historic stope shafts, and 16.2g/t from inside Shaft 2. Adds that a new high-grade gold target has been identified at the New Church Lake occurrence in the Martello property, with metallic screen fire assay results including 23.3g/t with visible gold and 7.53g/t from stockpile material. Notes that 14 other samples returned values below 0.25g/t, suggesting that mineralisation is associated with the identified shear structure rather than broadly distributed.
Richmond Hill also notes that it recently acquired 16 single cell mining claims, which "importantly add land which is near a past producing mine (Tabor) and very close to a highly prospective target (New Church Lake)." Finally, it confirms that it expects to commence its maiden diamond drill programme at Sakoose in the fourth quarter, saying the drilling will cover approximately 1,400 metres in nine holes from five pad locations.
Current stock price: 1.35 pence, up 12% on Thursday in London
12-month change: down 3.8%
By Emma Curzon, Alliance News reporter
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