Hispania Resources Up 33% After Completing First Drilling Program at Lumbrales Property
Hispania Resources (ESPN.V) shares rose 33% on Friday after it completed its first drilling program at its past producing Lumbrales property.The L1-01 hole successfully intersected meaningful sections of the North Vein System with sections of cassiterite, mineralized, being returned over 5.45 meters, it said. Samples were obtained and they have been delivered to ALS in Seville for processing.Borehole L1-02 revealed both the North Vein, consisting of veins and minor veins, and the South Vein, which was well intersected between 197.60 and 213.50 meters. The South Vein showed cassiterite mineralization in the vein walls, with several narrow lateral veins and a central vein over one meter thick, it said.The company will next look to drilling work at the Puebla de la Reina property in Extremadura where it expects to drill into the mineralized feature located on the property to confirm the mineralization intersected during the 2000 drill program. Geophysical work showed the presence of a second anomalous zone located along strike northwest of the mineralized zone outlined in 2000.Shares of the company were last seen up $0.02 at $0.08 on the TSX Venture Exchange.Price: $0.08, Change: $+0.02, Percent Change: +33.33%
