LONDON (ShareCast) - Austria-focused miner Noricum Gold said that more high-grade gold and silver results were returned from ongoing underground drilling at its Rotgulden precious metals project.

However, the company said that additional drilling from location RZ at Rotgulden is now warranted to further extend mineralisation both across and up strike.

The share price fell 8.71% to 1.06p on Tuesday. Ahead of the statement though, the stock had still risen 60% since the start of 2013.

“We continue to believe that Rotgulden has the potential to host an exciting new gold province in south-west Austria, and with much newsflow expected in the coming months, I look forward to providing further updates on our progress," said Managing Director Greg Kuenzel.

BC

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