Berkeley Mineral Resources, the company which aims to extract zinc and lead from residue dumps at the disused Kabwe mine in Zambia has begun re-drilling slag stockpiles.
This phase of drilling is being carried out with the "percussion drills" necessary to provide samples that can be assessed by scientists. Previously auger drills were used which did not yield useable samples.
In addition Berkeley has looked again at samples from deposits from the old washplant. These tests seem to imply there is a higher concentration of so called "JORC compliant" material within these dumps. The new test results show 7.21% lead and 10.66% zinc.
Subscribe to 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
This news saw Berkeley's share price rise 5.65% to 2.43p at 9.17am.
BS
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gapThere are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
-
Three bargain investment trusts to add to your portfolioThese three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
