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Third Exploration Hole At Lagoa Salgada
Third Exploration Hole At Lagoa Salgada.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 0356G Mineral & Financial Invest. Limited 24 May 2017 \n\n \n \nMINERAL & FINANCIAL INVESTMENTS LIMITED\n(\"Mineral & Financial\", \"MAFL\", or the \"Company\")\n \nThird Exploration Hole At Lagoa Salgada Highlights Three Mineralized Zones, Indicating It's Part Of Larger Mineralized System; Assays Of 9.80% Zinc Equiv1 \n \nHIGHLIGHTS:\n \n- 3rd hole strikes large mineralized zone with intercepts as high as 8m of 9.80% Zn equiv.1\n- Mineralization is respectively a 110m and 150m step-out from first and second holes (LS ST-01) of this drilling program and 200m from the historic LS 28 hole.\n- Three higher grade mineralized channels encountered within a larger zone of mineralization. \n- Results to date suggests that mineralization is part of a larger mineralized system.\n- Mineralisation remains open at depth and along strike\n- Remainder of drill-hole results expected within 10 days.\nGeorge Town, Cayman Island - May 24, 2017 - Mineral & Financial Investments is pleased to announce drill results from its 49%-owned subsidiary, TH Crestgate GmbH, a private Swiss based investment company. TH Crestgate has released the assay results from the third hole of its 4 hole drilling campaign in the Central Sector LS-1 Area of the Lagoa Salgada Project, hole LS ST-04. The holes were completed by TH Crestgate's wholly owned local subsidiary (Redcorp Empreedimentos Lda), on its 85%-owned Lagoa Salgada zinc-copper project in southern Portugal, 100km SE of Lisbon. This 4-hole drill program announced and initiated in December 2016 is focussed on the \"Central Sector\", which is immediately to the SE of the LS-1 historic resource, and is designed to complement historic drilling. The assay results from the final hole (LS ST-03) of the program are expected from ALS in Seville, Spain shortly.\n \nLS ST-04 is an important hole as it was drilled to be perpendicular to the mineralization and cross mineralized structures 200m NE from historic hole LS-28. The hole confirms the mineralized area both in width and depth. The length of the intersection brings TH Crestgate one step closer to confirming the thesis that the mineralization will be large in tonnage. \n \nAdditionally, hole LS ST-04 confirms t...