IN BRIEF: Metals One stakes further 99 mining claims at Swales project

Metals One PLC - London-based metal project developer - Formally stakes an additional 99 unpainted mining claims at the Swales gold property in Nevada, US, which enlarges the project footprint to around 2,780 acres within the ‘world-renowned’ mining district, the Carlin Trend, with no additional lease payments.

‘This expanded claim area considerably increases exposure to the highly prospective geological setting within Nevada’s prolific Carlin Trend which includes the Carlin complex, the largest gold-producing complex in the world. We are excited by the enhanced exploration potential at the project, particularly considering the strong gold price, and are working diligently to conclude the conditional acquisition and integrate the new claims into an expanded phase 1 programme,’ says Chair Craig Moulton.

Current stock price: 43.27 pence, closed up 9.5% in London on Tuesday

12-month change: up from 11.00p

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