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Mineral & Financial boss explains what geological data means at Lagoa Salgada – Proactive Investors UK

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Mineral & Financial Investments Ltd (AIM:MAFL) president and chief executive officer Jacques Vaillancourt joins Proactive London to talk through the background and the latest news from the Lagoa Salgada project in Portugal.
As well as noting that site operator Ascendant Resources are raising funds to provide the next payment to the company to move to a 50% share, all in all, Vaillancourt said the original preliminary economic assessment (PEA) for the project is now based on “what feels like pretty out-of-date information”, based on results from recent drilling, including “probably the best hole that has been drilled in Portugal in the last 25 years”.
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Jacques Vaillancourt, CEO of Mineral & Financial Investments Ltd (AIM:MAFL) says grades announced at Lagoa Salgada in Portugal amounted to around US$1,000 per tonne of in-situ zinc from the best intercept. A very acceptable grade for a successful zinc mine is around 7%, he adds, these…
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