Legendary Investments discovers large gold-antimony

AIM-listed investment company Legendary Investments' investee company, Medgold Resources Corporation has completed exploration at its wholly-owned Pietratonda licence in the Colline Metallifere of Central Italy.

AIM-listed investment company Legendary Investments' investee company, Medgold Resources Corporation has completed exploration at its wholly-owned Pietratonda licence in the Colline Metallifere of Central Italy.

The company reported that a total of 273 rock samples had been collected and a large gold-antimony anomaly had been outlined.

Antimony is a silvery-grey chemical element which occurs naturally in nature as a solid compound with sulphur.

The company added that clear drill targets had additionally been defined, which were designed to test mineralisation at depth.

Zafar Karim, Executive Chairman of Legendary Investments, commented: "Medgold's momentum continues to build and it remains on track towards its stated ambition to be the leading Mediterranean-focused gold exploration and project development company. We look forward to further progress."

Legendary Investments' share price was up 13.33% to 0.08p at 09:20 on Friday.

MF

Recommended

How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021
Robinhood is going public – should you invest?
US stockmarkets

Robinhood is going public – should you invest?

Online stockbroking app Robinhood is going public on the US stock exchange. Saloni Sardana looks at whether it's worth a punt.
29 Jul 2021
Three sustainable stocks that are doing well by doing good
Share tips

Three sustainable stocks that are doing well by doing good

Professional investor Peter Michaelis of the Liontrust Sustainable Investment Team picks three stocks to buy that are helping to create a cleaner, saf…
26 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021