MetalNRG PLC (LSE:MNRG) said it obtained documents describing historic mining operations and geology at its Gold Ridge project in Arizona that will allow it to move on to the next phase of work.
The documents described historic mining operations and geologic descriptions of several previously un-recorded mines located within the ownership of the Gold Ridge property.
"This new information hosts a large portion of the data and information that our planned site work was originally designed to obtain and, as a result, we are now able to accelerate to the next phase of work," it said.
The information will be incorporated into the current geologic and structural model of the project and work will start shortly on a soil geochemical sampling programme.
"The documents found have enabled us to get more clarity of the area to focus on and has added substantially to our confidence in the area as a real opportunity," said chief executive Rolf Gerritsen.