9th Mar 2015 08:12
LONDON (Alliance News) - Tengri Resources shares rose early Monday after the company reported good test results from the Taldy Bulak gold-copper project in the Kyrgyz Republic.
Tengri said the drilling results from the TB0087 hole at the project identified a 106 metre mineralised intersection at the prospect, with 1.17 grams per tonne of gold and 0.25% copper.
The company said it has started a phase 1 feasibility study for the Taldy Bulak project and said it will start a conceptual study for phase 2 of the development programme at the site.
"We are very pleased to share more strong drilling results from Taldy Bulak. These newly available assay results further evidence the strength and continuity of the mineralisation of the deposit, as previously outlined by our 2014 drilling programme," said Tengri Director John Levings.
Shares in Tengri were up 23% to 20.925 pence on the news, one of the best performers in the London Main Market.
By Sam Unsted; [email protected]; @SamUAtAlliance
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