19th Jan 2015 08:51
LONDON (Alliance News) - Kodal Minerals PLC Monday said it has hired a contractor to conduct 2,000 metres of diamond drilling at the Grimeli copper project in western Norway.
The contractor, which has not been named, will begin drilling the project in February and has 18 holes planned for the site, targeting three mineralised horizons, two of which have been previously mined.
"This drilling will provide the company with its first access to the full width of the mineralised structures. Previously we have been limited to mine pillars and areas where we could safely access old underground workings," said Chief Executive Luke Bryan.
Kodal also said it has signed a land access agreement with the landowner and been given authorisation from the local municipality to access the drill locations in off-road areas, it said.
Kodal shares were untraded on Monday morning, last quoted at 0.234 pence per share.
By Joshua Warner; [email protected]; @JoshAlliance
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