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Lionsgold CEO Cameron Parry hails 'significantly positive and strong' Jonnagiri resource upgrade

Lionsgold Limited (LON:LION) has seen a substantial upgrade to the resource quality at its Jonnagiri gold project in India.

The AIM-listed company has a 20.5% stake in Geomysore Services, the company that owns the 30 year mining lease, and a sizeable quantity of the material at the deposit has moved to the more certain indicated category from inferred.

CEO Cameron Parry says early test drilling results from the new South Block at Jonnagiri are particularly encouraging and plans are being made for further drilling on the South Block to establish an additional open pittable gold resource.

 

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