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GCM Gcm Resources Plc

5.60
0.10 (1.82%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcm Resources Plc LSE:GCM London Ordinary Share GB00B00KV284 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 1.82% 5.60 5.50 5.85 5.675 5.25 5.25 3,899,029 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services 0 -1.32M -0.0054 -10.50 13.93M

Glencar Commences Drilling

11/12/2003 11:19am

UK Regulatory


RNS Number:1412T
Glencar Mining PLC
11 December 2003



                Glencar Mining plc ("Glencar" or "the Company")

              Glencar Commences Drilling at Asheba Project, Ghana



Glencar is pleased to announce the commencement of a drilling programme at its
Asheba project in Ghana. Drilling started today, Thursday, and the initial short
phase of the programme is expected to be completed before Christmas.


This phase of the programme will be directed to the Atinasi North and Tanaya
prospects, part of the recently extended and now 3 km long Atinasi-Tanaya
mineralised trend within the concession area. Drilling will be carried out
initially by RAB method and will involve the completion of some 50 holes to
approximate depth of 30 metres. There has been no previous drilling on these
prospects and the current shallow first pass drilling programme is designed to
test the extent of the mapped mineralised structures at each prospect. A second
phase drilling programme, is planned for the first quarter of 2004 to
incorporate deeper drilling at the Atinasi and Tanaya targets.


Results of the current phase of drilling are expected in January.


For further information:

Glencar Mining plc:

Mr. Hugh McCullough,

Chief Executive

Tel: + 353 1 661 9974

Fax: + 353 1 661 1205




11 December, 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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