Red Leopard Holdings PLC Operational Update (0829Q)
February 25 2016 - 2:01AM
UK Regulatory
TIDMRLH
RNS Number : 0829Q
Red Leopard Holdings PLC
25 February 2016
25 February 2016
Red Leopard Holdings Plc
("Red Leopard" or the "Company")
Operational Update
The Company is pleased to provide an update on its current
activities and, in particular, its efforts to explore its highly
prospective silver holdings in the Coeur d'Alene mining district in
northern Idaho, USA.
Last year proved to be frustrating for the Company, hampered by
unfavorable market conditions for silver, and as previously
announced, difficulties in accessing the Idora Tunnel due to forest
fires in Idaho during September 2015. The directors believe that
market conditions have begun to show signs of recovery and that now
is the time to continue to progress their plans for the Idora
Tunnel.
The Company remains in discussions with mining engineers to
evaluate the repair cost of the rock fall inside the reopened adit
within the Tunnel. The objective remains to fully explore the
length of the adit, which is over 600 meters long, and evaluate the
seven mineralised veins (detailed in historic geologic reports).
Notwithstanding the ongoing evaluation, the Company intends to
conduct soil sampling along the surface of the various veins
crossed by the Idora Tunnel during the next quarter.
The Company continues to be proactive in exploring and
considering other complimentary resource assets, financing options
and opportunities to enhance shareholder value.
The Company expects to announce its final results for the year
ended 31 December 2015 around the end of April 2016.
Enquiries: Red Leopard Holdings PLC
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John May, Chairman Tel: +44 (0) 207
917 6826
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Northland Capital Partners Limited
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David Hignell/Gerry Beaney Tel: +44 (0) 207
382 1100
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Beaufort Securities Limited
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Zoe Alexander Tel: +44 (0) 207
382 8300
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This information is provided by RNS
The company news service from the London Stock Exchange
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