Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Premier African shines as it gives positive update on Casa Mining investee company

One hole from an ongoing drill programme intersected 24.8m at 8.04 grams per tonne (g/t) of gold (Au) from 201m
gold mineralisation
Premier African has a 4.5% interest in Casa Mining

Premier African Minerals Limited (LON:PREM) was in demand on Friday morning after the mining and exploration group gave a bullish update on Casa Mining, in which it holds a 4.5% stake.

Casa is currently carrying out a 5,000 metre (m) drill programme at its Akyanga gold deposit in Democratic Republic of Congo as it looks to increase and upgrade the existing mineral resource estimate.

READ: Premier African hits new high grades at Zulu

Eight holes totalling 1,920m have been completed so far, with one hole intersecting 24.8m at 8.04 grams per tonne (g/t) of gold (Au) from 201m, including 5.4m at 22.6 g/t Au.

Casa added that the deposit remains open in all directions.

"These results are extremely encouraging and again confirm the continuity as well as high-grade potential in the southern part of the Akyanga Deposit where these holes were drilled,” said Premier chief executive George Roach.

READ: Premier African raises £3.5 mln via PrimaryBid, requires no further capital for RHA

Roach added that further developments are due over the coming weeks.

Premier shares jumped 8.2% to 0.35p on Friday morning.

View full PREM profile View Profile

Premier African Minerals Ltd Timeline

Related Articles

1530643627_electric-car.jpg
July 03 2018
The company’s goal is to be a leader in the battery metals sector, with cleaner cobalt in Australia
barseele_master.png
September 29 2017
The firm owns 45% of the property, while joint venture partner Agnico Eagle has the rest (55%).
Picture of pilot plant
April 05 2018
An impressive pre-feasibility study features a pre-tax valuation of $227 million for start-up capital expenditure of $65 million.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use