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Lagoa Salgada and Notice of AGM
Lagoa Salgada and Notice of AGM.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 7595K Mineral & Financial Invest. Limited 12 July 2017 \n\n \nMINERAL & FINANCIAL INVESTMENTS LIMITED\n(\"M&FI\"; \"Mineral & Financial\" or the \"Company\")\n \nLagoa Salgada LS-1 Exploration Program Strikes Outstanding 105.0m of 10.24% Zinc Equiv.1 On Second Hole Of Resource Expansion Program\n \nNotice of AGM\n \n \nHIGHLIGHTS:\n \n- LS-MS-02 drill hole strikes 105.0m of 10.24% zinc equiv. 1, including 20.0m of 20.10% Zn equiv.1\n- LS-MS-02 drill hole is the second hole of LS-1 resource expansion program\n- First two holes of resource expansion program strike thicker zones, with grades exceeding historical resource grades\n- LS-1 exploration program on track, with objective to expand resource from 4.5Mt to 8.0Mt-10Mt \nGeorge Town, Cayman Island - July 12, 2017 - Mineral & Financial Investments is very pleased to announce drill results from its 49%-owned investment, TH Crestgate GmbH, a private Swiss-based investment company. TH Crestgate has released the first assay results from its new drilling campaign to expand the LS-1 resource at the 100%-owned Lagoa Salgada zinc-copper project in southern Portugal.. The holes were completed by wholly owned local subsidiary, Redcorp Empreedimentos Lda. The 6-hole drill program, announced and initiated in June 2017, is focussed on expanding the existing LS-1 Resource. The current resource is 4.5Mt, with a zinc equivalent grade of 8.2% (see RNS of August 27, 2015). This drilling program is targeting expanding the resource by 75% to 125% to between 8.0Mt and 10.0Mt. \n \nThe second hole of a six-hole program being undertaken by TH Crestgate has just returned with assays. LS-MS-02 is a 70° drill hole located in the northern half of the current resource 55m to the south of the first hole, LS-MS-01. This angled hole intercepted mineralization 45.5 meters above where mineralization was previously thought to begin. The LS-MS-02 drill hole is mineralized from 150m depth (where the assaying began) and extended to the bottom of the hole at 280m. The average zinc equivalent1 grade over 140.0m is 7.79%. \n \n\n\n\n\nHole \n\n\nDepth (m)\n\n\nThickness (m)\n\n\nCu (%)\n\n\nZn (%)\n\n\nPb (%)\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\nCu Equiv.\n(%)[1]\n\n\nZn Equ...