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Vast Resources Plc
Summary
| Project: | Manaila Mine | |
|---|---|---|
| Deposit: | Carlibaba | |
| Location: | Romania | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 11/30/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-11-2017: Vast Resources Plc announces an Exploration/Drilling Update report for its Carlibaba deposit at the Manaila Mine project. Drilling results incl. 7.2m @ 0.65g/t Au, 57.5g/t Ag, 1.13% Cu, 0.63% Pb, 13.82% Zn from 80.4m. Vast Resources plc, the A | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Craig Harvey (Internal) | |
| ABSTRACT: | Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce the results of its final phase of drilling at its 100% owned Carlibaba prospect ('Carlibaba'), the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania ('Manaila'). Roy Pitchford, Chief Executive of Vast, commented: "The results from the now completed drilling programme at Carlibaba have validated the historic assay data set and provided significant support to our assertion that this prospect will become the second open pit mine operation at our Manaila licence, in addition to the site of our new metallurgical complex. The development of these twin objectives, which we are looking to fund through off-take debt finance, is expected to increase throughput volumes at Manaila considerably and also materially reduce operating costs - which should significantly enhance profitability in Romania moving forwards." Further to the announcement on 4 October 2017, a total of nine additional diamond drill holes were cored during the second phase of the drilling programme for a total of 1,150.2 metres (previously estimated at 1,200m). The complete surface drilling programme comprised 18 surface core drill holes totalling 2,150.6 metres in length | |
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