Manaila Extension Drilling Results Update

RNS Number : 2573S

Vast Resources PLC

29 September 2017

 

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

29 September 2017

Vast Resources plc

("Vast" or "the Company")

Manaila Extension (Carlibaba) Drilling Results Update

Vast Resources plc, the AIM-listed mining company with operations in Romania and Zimbabwe, is pleased to announce that further to the announcement on 8 June 2017, the analysis for the first 1,000m of the 2,200m drilling programme for Carlibaba, the proposed location of a second open pit mining operation at the Manaila Polymetallic Mine in Romania, is completed.

Preliminary results are in line with management expectations however the Company will provide full details in the coming week once the analysis has been reviewed and prepared in a presentation format.

In addition, the Company is pleased to report that progress is being made in the process of agreeing the contractual terms of the association on the licence granting the right to mine polymetallic ore at the Baita Plai mine in Romania ("Baita Plai"), in accordance with previous announcements and further updates will be made as soon as appropriate.

**ENDS**

For further information, visit www.vastresourcesplc.com or please contact:

Vast Resources plc Roy Pitchford (Chief Executive Officer)	www.vastresourcesplc.com [phone]
Beaumont Cornish - Financial & Nominated Adviser  Roland Cornish  James Biddle	www.beaumontcornish.com [phone]
Brandon Hill Capital Ltd - Joint Broker Jonathan Evans	www.brandonhillcapital.com [phone]
Peterhouse Corporate Finance Ltd - Joint Broker  Duncan Vasey	www.pcorpfin.com  [phone]
St Brides Partners Ltd Susie Geliher Charlotte Page	www.stbridespartners.co.uk  [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

END

 

 

DRLEAENNAAFXEFF