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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tarquin | LSE:TQN | London | Ordinary Share | GB00B0Y52T38 | ORD 15P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8628F Tarquin Resources PLC 18 October 2007 TARQUIN RESOURCES PLC ("Tarquin" or the "Company") OPERATIONS UPDATE 18 October 2007. The directors of Tarquin (AIM : TQN) wish to inform and update the market on the following activities which have been carried out during the quarter ended 30 September 2007. Project Las Pascualas The pre-feasibility study completed in the previous quarter indicated that the Las Pascualas project was robust, planning for a bankable feasibility study commenced in July and selection of Chilean companies to be involved in the study was initiated. A drilling campaign involving 12,000m of infill drilling and 700m of geotechnical drilling for pit wall stability was planned. In addition, 800m of diamond drilling to validate previous reverse circulation drilling results and 800m of large diameter diamond drilling for further metallurgical testwork were included. Drill sites were completed in September and by the end of the quarter, four geotechnical holes had been completed. Water rights, adequate for the project's needs, have been acquired and discussions commenced on power supply. It is anticipated that a treatment plant located at Las Pascualas will attract small local copper producers who currently transport their ore more than 120km to the nearest government toll treatment facilities. These neighbouring operations are being documented to assess what supplementary ore might be available in the future. Exploration mapping and sampling was completed at Las Nipas, a wholly owned tenement close to Las Pascualas, where strong copper and molybdenum anomalies within a hydrothermal alteration zone will be drill tested after completion of the infill drilling at Las Pascualas. Other areas within 30kms of Las Pascualas are being examined and an area close to the national highway named Punto Colorado showing alteration and copper mineralization has been acquired. The directors are confident that the Company will be able to raise additional funds to meet its commitments in relation to, inter alia, the Las Pascualas project through capital raisings when required. The information set out above is based on data compiled by Roger Shakesby, who is a Director of the Company. Mr Shakesby has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken, has reviewed and approved the technical information contained in this announcement and has consented to the inclusion of the data in the form and context in which it appears. 18 October 2007 -Ends- For further information: Annie Richards, Tarquin Resources plc Tel: 020 7514 1480 Charles Vivian, Pelham Public Relations Tel: 020 7743 6670 Hugh Oram, Nabarro Wells & Co. Limited Tel: 020 7710 7400 This information is provided by RNS The company news service from the London Stock Exchange END DRLILFELIFLDLID
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