Ovoca Resources PLC
14 June 2004
STARTS
OVOCA AND AURUM SIGN LEAD/ZINC J.V. AGREEMENT
Ovoca Resources PLC ( Ovg.i Dublin : Ovg.l London ) and Aurum Mineral Resources
Ltd. are pleased to announce the signing of a Joint Venture Agreement on Ovoca's
Newcastle West zinc prospect on 11th June 2004, subject to the consent of the
Minister for Communications, the Marine and Natural Resources. Aurum have
agreed to spend up to €100,000 throughout the Newcastle West prospecting
licences on exploration programmes to earn a 25% interest.
The Newcastle West Block is located within a highly prospective base-metal play
to the west of the Pallas Green Volcanics and associated intrusives in
north-west County Limerick, Ireland. An intersection of "massive sulphide" has
been reported within the licences, made during drilling by a private company,
however no other details on the drill hole are currently within the public
domain.
During May 2004 Tara Mines Ltd, a subsidiary of Boliden AB., completed a
detailed gravity survey over part of Ovoca's Newcastle West licences. Results of
this survey, which was carried out over both Ovoca's and Tara's adjacent licence
areas, will be available to Ovoca for interpretation and are expected shortly.
Ovoca and Aurum look forward to reporting results from exploration programmes
currently underway on this prospect and which will be ongoing throughout 2004.
Ovoca's gold exploration in Sweden is making good progress with two teams on the
ground working on Ovoca's claims. Ovoca has sent samples away for testing from
our Klippen claim on the "Gold Line" in Sweden where some encouraging
mineralised zones have been encountered from a Trenching and Bedrock Drilling
programme that has been ongoing since May. Results are expected by late June.
14 June 2004
For further information contact
Mr Richard O'Shea CEO Ovoca Resources plc Ph + 353 (0)87
256 0397
Mr Wilson Robb CEO Aurum Mineral Resources Ltd Ph + 353 (0)86 388
9997
www.ovoca.ie
ENDS
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange