logo-loader
viewErris Resources PLC

Erris Resources keeps powder dry as it scouts for additional opportunities

Sakiatieva in North Finland ranks as the most interesting in terms of potential for significant mineralisation. 

Erris Resources PLC -

Erris Resources PLC (LON:ERRIS) wil continue with a 'disciplined approach' to expenditure on its projects in Ireland and Scandinavia given the tough backdrop for junior miners at present.

At the end of August, Erris held approximately €1.7mln in cash.

The junior has an agreement with Centerra Gold over acreage in Finland and Norway where ground-truthing and prospecting got underway at the Sakiatieva and Pirunkoukka reservation permits in Finland in June.

Erris aims to identify drill targets on one or more of the projects, which may lead to Centerra Gold electing a Designated Project Area for an earn-in.

Sakiatieva in North Finland ranks as the most interesting in terms of potential for significant mineralisation. 

In Ireland, at Abbeytown, soil samples have indicated a number of new zones of mineralisation that could potentially indicate a much larger deposit. 

A preliminary metallurgical study also showed good quality lead and zinc concentrates can be produced using a standard flotation process with excellent recoveries ‘while the concentrate is clean with respect to penalty elements and the grindability characteristics of the mineralised sample are positive’. 

“The results further reinforce our confidence in the economic potential of the Abbeytown Project.”

Quick facts: Erris Resources PLC

Price: 4.404 GBX

LSE:ERIS
Market: LSE
Market Cap: £1.37 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Erris Resources PLC named herein, including the promotion by the Company of Erris Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Erris Resources updates on met tests and soil sampling at Abbeytown zinc project

Erris Resources PLC (LON:ERIS) CEO Anton du Plessis and technical adviser David Hall update Proactive London on recent work undertaken at their Abbeytown zinc project in County Sligo, Ireland. This week Erris delivered positive results from 527 closely spaced soil samples - three new...

on 27/3/19

2 min read