Ovaca Resources finalising Swedish licences

Ovaca Resources, the ISEQ-listed mining company announced today at the company's AGM that it is in the process of finalising the acquisition of a number of licences in Sweden, with gold indications from Minmet.

The company expects to have identified targets to drill in April or May next year.

Dublin-based Ovaca Resources earlier this month announced the purchase of a number of gold exploration concessions in Northern Sweden from Irish exploration group Minmet, giving the company a 22.5% holding in Ovaca Resources.

Ovaca Resources is currently trading at €0.11 on the ISEQ in Dublin.