24th Apr 2020 18:31
(Alliance News) - Mineral & Financial Investments Ltd on Thursday said an investee is planning a drill programme at a Portuguese asset.
The company said 8,000 metres of drilling will be conducted at investee Ascendant Resources Inc's 75%-owned Lagoa Salgada volcanogenic massive sulphide project.
"The main objective of the proposed program is to increase and upgrade tonnage at the copper-rich South Zone while increasing and upgrading tonnage and grade in the North Zone," Mineral & Financial noted.
Shares in the company closed 2.5% higher at 8.20 pence each in London on Friday.
By Eric Cunha; [email protected]
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