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Investment Update: Lagoa Salgada Project Update
Investment Update: Lagoa Salgada Project Update.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \n \n \n MINERAL & FINANCIAL INVESTMENTS LIMITED\n \n \n \n \n Investment Update: Redcorp Provides update of Geological and Exploration Activities at Lagoa Salgada Project in Portugal\n \n \n \n \n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n ·\n Copper Stockworks Identified Below Current Venda Nova North Mineralization\n \n \n ·\n \n Discovery Of Copper Rich Enrichment Zone at Venda Nova North\n \n \n \n ·\n \n Potential For New Massive Sulphide Lens at Venda Nova South\n \n \n \n ·\n \n Additional Geophysical Anomalies Identified on Lagoa Salgada Property\n \n \n \n \n \n \n \n \n \n GEORGE TOWN, CAYMAN ISLANDS, May 16, 2022 -\n \n Mineral and Financial Investments Limited (LSE-AIM: MAFL)\n (\"M&FI\" or the \"Company\")\n is pleased to\n report an investment update from its investment, Redcorp Empreedimentos Mineiros Lda and Ascendant Resources Inc. (who are operating the site), which include the following:\n \n \n i. Identification of copper rich stockworks below the North zone at Venda Nova;\n \n \n ii. Identification of a Copper rich transition/enrichment zone at the North zone at Venda Nova;\n \n \n iii. Identification of a potential massive sulphide lens lateral to the South zone at Venda Nova; and\n \n \n iv. New drill ready geophysical anomalies identified from the results of the\n Deep Penetrating Electromagnetic Survey\n (\"DPEM\").\n \n \n \n \n \n Jacques Vaillancourt, CEO of M&FI stated, \"The infill drilling and DPEM programs have uncovered some very positive unexpected outcomes which solidify our long-held belief that the Lagoa Salgada property is still in the very early discovery phase of exploration, with significant untapped resource growth remaining. The potential to grow both the North and South zones of Venda Nova, which are approximately 400 meters apart, as well as a prospective new target to the northeast of the property has the potential to be transformational for Redcorp. We look forward to initiating future drilling programs as we look to expand the overall resource potential on the greater Lagoa Salgada land package.\"\n \n \n \n \n \n \n \n \n North Zone of Venda Nova: Copper Rich Stockwork\n \n \n \n Based on recent drilling, the results for which have not yet been received, a new potential copper zone has been identified at depth ...