12th Sep 2013 12:39
LONDON (Alliance News) - Noricum Gold Limited Thursday said soil sampling tests at its Schonberg Gold and Precious Metals Project in Austria had proved it to be a high property exploration target.
The soil sampling programme was designed to test the extent of the mineralisation present in eight veins over 3 kilometres of strike
The gold exploration and development company said sampling returned multiple significant anomalies, including 0.419 parts per million gold and 0.2% copper, from a first pass of 109 samples collected.
Follow up work will comprise approximately 2,000 sample locations on a 15 metre by 50 metre spacing over the main areas of interest and the programme will assist in the design of a first phase reverse circulation drill campaign.
Noricum shares were trading at 1.12 pence Thursday morning, down 0.03 pence, or 2.9%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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