LONDON (ShareCast) - FinnAust Mining shares rose on Monday as the company announced it had found more high-grade poly-metallic mineralisation at the Hammaslahti site than originally expected.

The company said it had discovered more copper, silver, zing and gold mineralisation on the site in the south of Finland and, following strong performances for the R326 hole, the group had started drilling on hole R327.

"With the high-grade, multi-metal nature of the mineralisation discovered to date we are excited to be growing this lode and remain positive on the ability of our team to discover more such structures and grow the Hammaslahti Project through the drill bit," said Alastair Clayton, FinnAust executive director.

Drilling in the Hammaslahti region ceased in the mid-1980s due to a decrease in the metal prices and did not resume until eight months ago, when FinnAust began its 11-month rolling drilling campaign across its three projects Hammaslahti, Outokumpu and Enonkoski.

FinnAust shares were up 2.55% to 2.82p at 16:03 on Monday.

DC

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