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Erris Resources highlights active period as it continues to assess projects

"Erris has been active over the first half of the year and as part of its alliance with Centerra Gold, new targets have been identified in both Finland and Sweden with field work now underway,” said Anton du Plessis.

Erris Resources drilling for zinc in Ireland
Erris exploration team in the field

Erris Resources PLC (LON:ERIS) has highlighted that it has been active over the first half of this year as it advanced projects in Finland, Sweden and Ireland.

The company, in its half yearly project update, noted that field work has started in Finland as part of its strategic alliance with Centerra Gold. Centerra has also funded mapping and prospecting on new targets in North Sweden.

READ: Erris assessing new opportunities whilst evaluating Abbeytown options

In Ireland, meanwhile, soil sampling has taken place at Skreen where high priority targets which confirmed the importance of the Ox Mountains Fault. It also submitted documents for the renewal of the Abbeytown zinc project. In Galway, the company completed first pass soil sampling at its zinc-lead-silver project.

"Erris has been active over the first half of the year and as part of its alliance with Centerra Gold, new targets have been identified in both Finland and Sweden with field work now underway,” said chief executive Anton du Plessis.

“The market for junior explorers has been challenging so far this year, resulting in the company maintaining disciplined expenditure on its own projects whilst also considering options to advance the Abbeytown project in Ireland, and actively seeking to identify further assets, with an aim to enhance shareholder value.”

He added: “Erris is fortunate to have in place a valued partner in Centerra Gold, which gives us increased exposure to discovery at no cost whilst also earning a management fee and maintaining an active team and exploration portfolio."

Erris noted that it continues to maintain tight control on expenditure with cash at €2mln at the end of May.

Quick facts: Erris Resources PLC

Price: 5.85 GBX

LSE:ERIS
Market: LSE
Market Cap: £2.27 m
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