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.
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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.
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