LONDON (ShareCast) - Shares in Noricum Gold carved out strong gains after the Austrian-focused gold explorer said it had been given approval by the Austrian mining authorities for its underground drill programme at the Rotgulden mine.
The company said that drill contractors were now in a position to mobilise.
Noricum Gold Managing Dirwctor Greg Kuenzel said: “With final approval now received we are excited to commence drilling at the Rotgulden gold mine, which is one of four targets located within our flagship gold project.
“We look forward to providing on-going updates as we further test the extent of this high grade gold mineralisation at depth.”
Shares in Noricum Gold were up 18.75% at 0.95p.
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