30th Sep 2013 07:59
LONDON (Alliance News) - Noricum Gold Limited says it has uncovered very strong grade gold and silver mineralisation at its Rotgulden Gold and Precious Metals project.
The Austria-focused gold exploration-and-development company said its 2013 underground drill programme found excellent grade results, including 3.8 metres with 51.53 grams per tonne of gold and 237.77 grams per tonne of silver.
The company also found a 1.2 metre space with 3.69 grams per tonne of gold and 27.2 grams per tonne of silver.
Noricum said it expects to release more results in the coming weeks.
Noricum shares were up 20% to 1.41 pence in early trading Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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