Ferrum Crescent Limited tells Proactive they've now completed a program of six holes at the Toral project in Spain - all of them returning visually identified lead-zinc intersections.
Results as good as hoped
"Every hole gave us visual confirmation on lead-zinc intersection and it doesnt really get any better than that,"
"We will use that and the historical drilling results to see whats going on at Toral."
Plans to drill a further three holes have been shelved after new geologist Myles Campion assessed that it has enough information already, with the next phase of the exploration possibly to be to assay some of the historic core.
"There has been a large amount of historical drilling conducted at Toral which returned significant lead-zinc intersections, and we are now enhancing our understanding of the structure and definition of the deposit in a cost-effective manner.
"While the assays from the latest drill campaign are submitted and returned over the next six weeks, the company has sufficient information in the meantime to progress with designing the next stages of further exploration at Toral and to examine economic comparators for a potential future lead-zinc mining operation.
"A key focus for our geological team is to assess the possibility of defining overlapping planes of lead-zinc mineralisation concentrated within the project area. I look forward to providing further updates on our progress in due course."
House broker Beaufort Securities noted that Toral currently has a combined (indicated and inferred) resource of 8.7Mt (million tonnes) with a weighted average grade of 10.7% (lead and zinc).
Intercepts of visible mineralisation from all six drill holes within 200 metres from surface suggest the group's hypothesis of known mineralisation at depth linked to shallow mineralised features is correct.
also just looked up his linked in entry. not very impresive. had many many equity sales jobs all lasted not much more than a year, ( big red flag) never run a company before, but good luck to him getting some share holders to believe his bulllshit to keep issuing cshares to pay his daft salary. so many stories, reminds me of RRR and Andrew Bell/ going no where in a hurry this comany
Decided to double up this morning ............... forget TA ............ Vol and Price is all ............. heavy vol and little or no price move tells me only one thing ................... my last post ............. good luck and Best Wishes.x
Well well well, still no payment that was DUE on the 5th of May!!! I cannot believe this management team, They must be excellent at playing patience sitting on their hands waiting waiting waiting. The last we heard was oh PMI has the money! well where is it???
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