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Mineral & Financial Investments Ltd.
Summary
| Project: | Lagoa Salgada | |
|---|---|---|
| Deposit: | Lagoa Salgada | |
| Location: | Portugal | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 4/10/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-4-2017: Mineral & Financial Investments Ltd. announces an Exploration/Drilling Update report for its Lagoa Salgada deposit at the Lagoa Salgada project. JV - Drilling results incl. 167.00m @ 0.2% Cu, 1.13% Zn, 0.59% Pb, 0.05g/t Au, 6.89g/t Ag from 143m | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Joao Barros (Internal) | |
| ABSTRACT: | George Town, Cayman Island - April 10, 2017 - Mineral & Financial Investments is pleased to announce that TH Crestgate, a private Swiss-based investment company in which MAFL holds a 49% interest, has released the assay results from the first hole of its four hole drilling campaign, done by its wholly-owned local subsidiary, Redcorp Empreedimentos Lda, on its 85%-owned Lagoa Salgada zinc-copper project in southern Portugal. This drill program is focussing on the "Central Sector" and was announced and initiated in December 2016. Three of the four holes have been completed. The assay results from the first hole have just been received from laboratories owned by ALS in Seville, Spain. The 13,400-hectare Lagoa Salgada project currently has 17 identified gravimetric anomalies, one of which hosts a preliminary resource, dubbed the LS-1 zone. The "Central Sector" is located within the LS-1 zone and is approximately 1,200 meters south east of this existing 4.5 million tonne zinc-leaed resource. The Central Sector was the subject of a 4 drill-hole program undertaken by a previous operator in the early nineties. This current drill program is designed to expand the understanding and economic value of the Central Sector. The hole announced today, LS ST-01, is a vertical step-out hole 35 metres to the North of the historic LS-20 hole, drilled by Rio Tinto. This historic hole was fully re-logged by Redcorp and some intervals from that drill hole that were never assayed before were sent to ALS for TH Crestgate, and yielded 93 metres of core hosting 2.85% of copper equivalents. | |
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