28th Apr 2015 07:15
LONDON (Alliance News) - Metal Tiger PLC saw its shares rise early Tuesday after it said drilling has now started at the Logrosan gold and tungsten joint venture project in Extremadura in Spain.
Metal Tiger said the drilling rig has arrived on the site and is now operational, with the first hole in the programme now completed. Drilling at the site will initially target tungsten anomalies and will move to the gold anomalies further on in the programme.
Metal Tiger is working on the project with joint venture partner Mineral Exploration Network (Finland) Ltd.
"Metal Tiger is delighted to confirm the commencement of drilling operations at our gold and tungsten JV in Spain. Our JV partners and their team have demonstrated an efficient and professional approach to the exploration process and the incorporation of this drilling programme into their field work," said Cameron Perry, Metal Tiger's chief executive.
Metal Tiger shares were up 11% to 1.1139 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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