Gold Company was shown to have better assets than had been thought – and now the stock has risen more than 100 percent.
At 10: 20 pm today, the stock had risen 107 percent. Bolget called Botnia Exploration and is an exploration company whose main priority is gold, but also precious and base metals. Botnia’s shares are traded on AktieTorget and this year shares (after the day’s rush hour) has increased around 130 percent. The rush came after news that drilling in Fädbotjärn given a clearer picture of Botnia’s mineral resources.
The discovery is now considered to contain a total of 196,000 tonnes of which 111,000 tonnes with an average gold grade of 8.5 grams per tonne in the higher class Indicated mineral resource to the previous Inferred. This means that 57 percent are now classified as indicated mineral resources. “It is a very pleasing result and means that we are looking forward to start mining as soon as all permits are in place. The application for a mining concession which we left to Bergsstaten just before midsummer this year will be completed with this assessment,” says Bengt Ljung, CEO of Botnia Exploration.
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