Berkeley Energia says high-grade intercepts at Salamanca mine's Zona 7

Berkeley Energia's shares are up almost 5% after it confirmed high-grade intersections below the Zona 7 deposit at its 100%-owned Salamanca mine in the west of Spain.

"Results from the final holes drilled in the current programme through the near-surface Zona 7 deposit to a maximum depth of 271 metres have reported grades consistent with, or higher than, the average grade of the Zona 7 resource," the AIM-quoted company said.

It added that outstanding intercepts further demonstrated continuity of mineralisation beneath the current defined resource and potential for it to increase.

Berkeley Energia said it would conduct additional drilling and resource estimation work at Zona 7 with a view to increasing the mineral resource estimate and unlocking further value in this exceptional deposit.

At 10:27 GMT, shares in Berkeley Energia were up 4.59% to 57p each.