viewMineral & Financial Investment Limited

Mineral & Financial reports copper intersections from first holes at Lagoa Salgada

"This project has the potential to be yet another future large producer on the belt"

Mineral & Financial Investment Limited -

Mineral & Financial Investment Limited (LON:MAFL) says the first three holes at Lagoa Salgada in Portugal intersected copper-rich mineralisation in the South Zones.

Partner Ascendant Resources (25%)  is carrying out the drilling in an area of known copper-rich mineralisation.

Jacques Vaillancourt, M&FI’s executive chairman said: "The results from the first three holes of Redcorp/Ascendant's drill program in the South Zone confirms the thesis that it is copper-rich, with grade intensity improving as we move south and east.

"We are excited to see this exploration continue activities in the South Zone where the results continue to expand the extent of the mineralization.

"This bodes very well for Redcorp/Ascendant finding more stockwork mineralization and demonstrating that this project has the potential to be yet another future large producer on the belt, comparable with Neves Corvo and Aguas Tenidas."

M&FI added that the intersections included 4.20 m at a grade of 3.59% copper equivalent; 10.50 m at 3.61%, and one bonanza interval of 1.00m at 14.21% CuEq.

Quick facts: Mineral & Financial Investment Limited

Price: 9.1 GBX

Market: AIM
Market Cap: £3.2 m

Add related topics to MyProactive

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


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 Mineral & Financial Investment Limited named herein, including the promotion by the Company of Mineral & Financial Investment Limited in any...


Mineral and Financial Investments discuss strong NAV growth in 2020 and why...

Mineral & Financial Investments Limited (LON:MAFL) Chairman Jacques Vaillancourt talks through the company's strategy as well as latest developments with its strategic portfolio on Proactive London. The company recently reported their financial results for the year ended June 30, 2020,...

3 weeks, 4 days ago

2 min read