Erris Resources (ERIS)

Sector:

Mining

Index:

FTSE AIM All-Share

 6.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.50
  • 52 Week Low: 2.75
  • Currency: UK Pounds
  • Shares Issued: 38.84m
  • Volume: 67,224
  • Market Cap: £2.43m
  • RiskGrade: 349

Erris Resources confirms mineralisation potential on new Norwegian permits

By Duncan Ferris

Date: Wednesday 09 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Erris Resources on Wednesday said it has confirmed mineralisation potential at gold projects covered by four new exploration permits in Northern Norway.
The mineral exploration company said ground truthing of the new permits, which cover the Mauken and Gautelis prospects, had confirmed mineralisation potential ahead of the winter season during which it plans to conduct further data reviews.

The AIM traded company said the sites have been subject to very limited past exploration but added that historical reports, which stem from 1,500m of drilling back in 1984 and 1985, suggested that high-grades and favourable styles of mineralisation were present.

After the end of the winter months, Erris planned to conduct fieldwork fieldwork on both projects in order to further gauge the full potential of Mauken and Gautelis.

Chief executive Anton du Plessis said, "Erris Resources has expanded its activities in Scandinavia into Norway with the granting of four new 100%-owned permits, for prospects which we believe are highly prospective for gold while the company continues to be active on the ground as part of its strategic alliance with Centerra Gold in Finland."

Mapping, prospecting and soil sampling at the Sakiatieva project in northern Finland in June as part of this partnership, with Erris now planning to identify and evaluate new targets before either relinquishing downgraded permits or advancing the most prospective permits to drill-ready status

Erris Resources shares were down 4.49% at 5.11p at 1310 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Erris Resources Market Data

Currency UK Pounds
Share Price 6.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.50
52 Week Low 2.75
Volume 67,224
Shares Issued 38.84m
Market Cap £2.43m
RiskGrade 349

Erris Resources Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.23% above the market average11.23% above the market average11.23% above the market average11.23% above the market average11.23% above the market average
56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average
Price Trend
56.29% above the market average56.29% above the market average56.29% above the market average56.29% above the market average56.29% above the market average
14.05% above the sector average14.05% above the sector average14.05% above the sector average14.05% above the sector average14.05% above the sector average
Income Not Available
Growth
11.88% below the market average11.88% below the market average11.88% below the market average11.88% below the market average11.88% below the market average
22.03% below the sector average22.03% below the sector average22.03% below the sector average22.03% below the sector average22.03% below the sector average

Erris Resources Dividends

No dividends found

Trades for 18-Sep-2020

Time Volume / Share Price
15:38 6,314 @ 6.26p
14:22 8,153 @ 6.26p
14:16 39,904 @ 6.28p
10:14 12,853 @ 6.26p

Erris Resources Key Personnel

CFO Cherif Rifaat

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