Business
Update - Lagoa Salgada
Update - Lagoa Salgada.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \nRNS Number : 3326R Mineral & Financial Invest. Limited 21 September 2017 \n\n \nMINERAL AND FINANCIAL INVESTMENTS LIMITED \n \nLagoa Salgada LS-1 Resource Expansion Program - Step-Out Hole LS-MS-04 Strikes 199.0m Of Mostly Stock-Work Mineralization, Includes An Intercept Of 8.75%1 Zinc Equivalent\n \nHIGHLIGHTS:\n \n- Step-out from known mineralization hits stock-work zone, with grades improving at depth\n- LS-MS-04 drill hole averages 199.0m of 1.49% zinc equivalents1, including 3.0m of 1.45% copper\n- The features of this zone point towards mineralization being open to the east and at depth\n- First four holes taken together have expanded dimensions of mineralised zones.\nGeorge Town, Cayman Island - August 15, 2017 - Mineral & Financial Investments is pleased to announce its 49%-owned investment, TH Crestgate GmbH, a private Swiss-based investment company has released the fourth set of assay results from its new drilling campaign, which is designed to try to expand the LS-1 resource at the 100%-owned Lagoa Salgada zinc-copper project in southern Portugal. \n \nThe holes were completed by wholly-owned local subsidiary, Redcorp Empreedimentos Lda. The current resource is 4.5Mt, with a zinc equivalent grade of 8.2% (see RNS of August 27, 2015). This drill program, announced and initiated in June 2017, is focussed on expanding the existing LS-1 Resource. This drilling program is targeting expanding the resource by 75%-to-125% to between 8.0Mt and 10.0Mt, although at this stage there can be no certainty that this can be achieved. \n \nDrill Results Hole LS-MS-04\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 Equiv.\n(%)1\n\n\n\n\nLS-MS-04 (New)\n\n\n146 to 345\n\n\n199.0\n\n\n0.23\n\n\n0.56\n\n\n0.14\n\n\n0.06\n\n\n11.59\n\n\n0.71%\n\n\n1.49%\n\n\n\n\nIncluding (Gossan) \n\n\n145 to 148 \n\n\n3.0\n\n\n0.42\n\n\n0.29\n\n\n0.03\n\n\n0.02\n\n\n1.00\n\n\n0.59%\n\n\n1.24%\n\n\n\n\nIncluding (Stock work)\n\n\n179 to 206\n\n\n27.0\n\n\n0.29\n\n\n0.73\n\n\n0.06\n\n\n0.06\n\n\n12.44\n\n\n0.83%\n\n\n1.74%\n\n\n\n\nIncluding (Stock work)\n\n\n229 to 242\n\n\n13.0\n\n\n0.33\n\n\n0.87\n\n\n0.11\n\n\n0.08\n\n\n14.85\n\n\n0.99%\n...