Announcement by Ortac re. Andiamo

RNS Number : 1120C

Paternoster Resources PLC

12 March 2014

 

Paternoster Resources plc

("Paternoster" or the "Company")

Announcement by Ortac re. Andiamo

Paternoster is pleased to note the announcement today in relation to one of its investments, Andiamo Exploration Ltd ("Andiamo").

Ortac Resources Ltd ("Ortac") announced today that Andiamo has commenced a diamond core drill programme at its Yacob Dewar gold and copper exploration project in Eritrea.  The current drilling programme has primarily been designed to target the interpreted shallow copper oxide mineralisation at Jacob Dewar, with the intention of defining a JORC Code (2012) compliant mineral resource.  In addition, further holes will target the Jacob Dewar high-grade gold mineralisation to assist Ortac in re-interpreting this structure.

For more information please contact:

Paternoster Resources plc:
Nicholas Lee, Chairman	[phone]

Nominated Advisor and Joint Broker:
Westhouse Securities
Antonio Bossi / Paul Gillam	[phone]

Joint Broker:
Peterhouse Capital Limited
Jon Levinson	[phone]

 

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