Ovoca Resources PLC
09 September 2004
STARTS
OVOCA ENCOURAGED BY SWEDISH ZINC RESULTS
Ovoca Resources Plc (Ovg.i Dublin : Ovg.l London) is pleased to announce the
granting of new Exploration Claim, Akerland Nr 1, by the Vasterbotten District
Mine Inspector.
Ovoca channel samples taken across the breccia zone returned grades up to 24.8%
zinc and 5g/t silver over 1 meter. Initial work will concentrate on defining
the strike and vertical extension of mineralistion.
Akerland Nr 1 is located to the west of the 'Gold Line' in northern Sweden. The
claim increases Ovoca's 'Gold Line' exploration portfolio to a total land
holding of 26,500 ha.
The claim covers the old Akerland mine which was worked intermittently between
1920 and 1922. Approximately 10,000 tonnes of ore were extracted by hand during
this period with an average grade of 17.3 % zinc, 15 g/t silver and 0.5 g/t
gold. The vertical extent of the old workings is limited to approximately 15
meters.
Mineralisation occurs in a north-south trending fault breccia zone which
includes scattered lenticular and anastomosing carbonate-dominated veins.
This additional licence area is consistant with Ovoca's strategy of identifying
potentially high value projects so as to bring medium to long term value to
Ovoca shareholders.
For more information
Richard O'Shea CEO Ovoca Resources plc + 353 (87) 256
0397
John O'Connor CFO Ovoca Resources plc + 353 (1) 491 2944
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
9 September 2004.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange