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IronRidge CEO Vincent Mascolo welcomes £4.75mln raise as it goes 'full steam ahead' in Côte d'Ivoire

IronRidge Resources Ltd's (LON:IRR) Vincent Mascolo speaks to Proactive London's Andrew Scott after raising £4.75mln through a share placing, with the funds earmarked for an accelerated drill programme at the Zaranou gold project in Côte d'Ivoire.

He says the cash will pay for a phased drill programme - a 9,000 metre programme is already underway - and it will be followed by a more aggressive campaign of 30,000 metres.

Drilling will pave the way for a maiden mineral resource estimate for the project.

Quick facts: IronRidge Resources Ltd

Price: 15.15 GBX

AIM:IRR
Market: AIM
Market Cap: £62.11 m
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IronRidge Resources' Vincent Mascolo welcomes 'highly valuable' new data set...

IronRidge Resources Limited's (LON:IRR) Vincent Mascolo tells Proactive London's Andrew Scott they've identified a drill ready target at the Zaranou gold license in Côte d'Ivoire from recently secured historical data. He adds that they've also enlarged a second phase drilling programme over the...

on 2/7/20

2 min read