Medusa Mining shares rose Tuesday after the company said it encountered more gold mineralisation at its Bananghilig project in the Philippines.
A sterilisation drilling programme intersected zones of gold mineralisation at all six holes.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"It is quite exceptional to see every drill hole of the sterilisation progamme encounter significant gold mineralisation proximal to the Bananghilig gold deposit, which is itself open in all directions," said Managing Director Peter Hepburn-Brown.
"The potential for significantly increasing the resource base for the Bananghilig project is highly probable based on the number of gold mineralised zones encountered in each hole."
RD
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
