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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Minerva Res | LSE:MVA | London | Ordinary Share | GB0033826206 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMVA AIM Release 25 February 2009 Minerva Resources Plc (AIM:MVA) ('Minerva Resources' or 'the Company') Result of EGM The Company announces that, at its EGM held earlier today, all the resolutions were duly passed. For further information please contact: Terry Ward Minerva Resources plc Tel: +44 (0)20 73795012 / (0) 7989571576 terry.ward@minervaresources.com web: www.minervaresources.com Nick Rome Bishopsgate Communications Ltd Tel: +44 (0)20 7562 3350 minerva@bishopsgatecommunications.com James Joyce / Sarang Shah W. H. Ireland Tel: +44 (0)20 72201666 james.joyce@wh-ireland.co.uk Notes to Editors Minerva Resources plc is a UK based mineral exploration and development company quoted on London's Alternative Investment Market (AIM:MVA). The Company is intent on delivering shareholder value by increasing and developing its mineral resources in a socially and environmentally responsible manner. The main focus is resource development in Ethiopia where the Company has first-mover advantage on prospective ground on the Arabian-Nubian shield. Key projects include the gold resources at the Tulu Kapi Project, plus the Gudeya-Guji, Guji and Dina Prospects and the Yubdo Platinum Mine, located in western Ethiopia, some 560km west of Addis Ababa. Tulu Kapi was mined in the 1930s by an Italian company. In the 1970s, the United Nations Development Programme mapped and drilled Tulu Kapi. Tan Range Exploration carried out soil sampling, further mapping and drilling in the 1990s. These two phases of work confirmed mineralisation extending over a strike length of 1.5km. Minerva Resources has completed 33 diamond drill holes to date, at Tulu Kapi, on its resource drilling programme on a 600m section, after encouraging Minerva Resources ground mapping, data reinterpretation and excellent scout drilling results. Scout drilling programmes have been completed at the Gudeya-Guji, Guji and Dina gold prospects, which are located in close proximity to Tulu Kapi. The drilling has shown mineralised intersections on all three prospects. The results from the drilling on Tulu Kapi, which are shown in the latest drilling report announcement on the Company's website, www.minervaresources.com, and the satellite prospects and their close proximity point towards a new gold province with the potential for the establishment of a 'one treatment plant - multiple feed scenario'. The Company is examining the potential to expand the small scale platinum production operations at Yubdo, some 25km from the Tulu Kapi Project. A pilot gravity recovery plant has been installed, a metallurgical research programme has been initiated and further exploration activities have commenced on the 9km by 1.5km surface expression of the orebody. In Sierra Leone, the Company holds gold, platinum and diamond exploration licences, which will for the most part continue to be developed by existing Joint Venture partners. =--END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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