Business
Operational Update Quarter Ended 30 June 2011
Operational Update Quarter Ended 30 June 2011.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 9758K Metals Exploration PLC 25 July 2011 \n \n\nMETALS EXPLORATION PLC\n \nOPERATIONAL UPDATE QUARTER ENDED 30 JUNE 2011\n \n \nMetals Exploration plc (AIM: MTL) (\"Metals Exploration\" or \"the Company\"), the natural resources exploration and development company with assets in the Pacific Rim region, is pleased to provide an operations update on matters relating to its Runruno gold-molybdenum project and exploration activities in the Philippines. \n \n\n\n\n\n \n \nAIM Code : MTL\nAt: 22 July 2011\nShares in Issue: 540,297,112\nOptions in Issue: 169,352,657\nWarrants in Issue: 17,010,000\nConvertible instrument: 3,846,154\n \n \nDirectors:\nIan Holzberger, Executive Chairman\nJonathan Beardsworth\nTimothy Dean\nEdward Parsons\nGuy Walker\nRichard Williams\n \n \nManagement:\nIan Holzberger, Executive Chairman\nLiam Ruddy, Company Secretary, CFO\nCraig Watkins, Country Manager\nChevy Albo, Finance & Administration\nAgnes Goze, Environment & Permitting\nIvan Anthony, Earthworks\n \n \nFor further Information please contact:\n \nMetals Exploration plc\nIan Holzberger: +6 41 888 6165\nLiam Ruddy; +44 7911 719 960\n \n \nNominated Adviser:\nWesthouse Securities Limited\nTim Feather / Matthew Johnson\n +44 (0)20 7601 6100\n\n\n\n\n \n \n\n\n\n\n\n\n\nPublic Relations\nTavistock Communications\nEdward Portman / Jos Simpson\n +44(0) 7733 363 501\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHighlights\n \n· Extension of the Runruno gold mineralisation south of the proposed pit confirmed by additional step out drilling.\n· The potential of the Magnetite Creek area for porphyry copper style mineralisation confirmed by drilling mapping and sampling.\n· Drilling confirmed the potential for the Bocboc area for Runruno style gold mineralisation.\n· Regional exploration continues to confirm the potential of the Runruno FTAA for further gold discoveries and for porphyry copper style mineralisation\n· Molybdenum recovery testwork continues to be positive using synthetic solutions. Testwork to be continued.\n· Planning for early works at Runruno progressing well.\n· Finalisation of Fixed Price Engineering and Procurement contrac...