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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.

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Premier African Minerals Ltd Timeline

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