(AFX UK Focus) 2005-12-16 10:57 GMT:
Metals Exploration says first drill hole result at Runruno highly encouraging
LONDON (AFX) - Metals Exploration PLC said the first drill hole assay results it has received for the Runruno diamond project in the Philippines "are highly encouraging".
The company added that the results vindicate its belief that the Runruno resource could be upgraded to an average grade higher than 1.4 g/t Au as a result of focusing on achieving good drill core recoveries.
Metals Exploration also said there are currently four drill rigs on site and in operation, and it expects to announce further results of its drilling programme by the end of January.
cml
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