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Noricum goes for Austrian project

By Robert Tyerman | Thursday 26 March 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Austria-focused AIM dog Noricum Gold (NMG) is seeking for a partner for its flagship Rotgulden gold and copper project, after clinching a deal to buy another prospect in the country, the Walchen polymetallic VMS (volcanogenic massive sulphide) project, for £360,000. The company, whose shares have dropped 95% to 0.21p since floating at 4p five years ago, has raised £478,000 at 0.2p to cover the purchase and meet other expenses, and will spend the coming months mapping, sampling and drilling Walchen.


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