The chairman of exploration company Ovoca Gold has said the upward trend in metals prices is likely to make its licences in Russia and Sweden more valuable.
Roger Turner was speaking as the company reported a pre-tax loss of €200,000 for the six months to the end of August. The company has recently acquired extra exploration properties in the Kola Peninsula of Russia, across the border from Finland.
Ovoca said it had commissioned an independent geologist to review its Newcastle West zinc exploration licences in Ireland, and his report would be reviewed over the next few months.
