Erris flotation to fund Irish mine

British mineral exploration company Erris Resources is to use £4m (€4.5m) in flotation proceeds to fund the development of zinc assets in Ireland and has said it is open to acquiring further mining licences here.

British mineral exploration company Erris Resources is to use £4m (€4.5m) in flotation proceeds to fund the development of zinc assets in Ireland and has said it is open to acquiring further mining licences here.

Erris has floated on London’s AIM market and will use the funds to develop gold projects in Sweden and its Abbeytown zinc exploration target in Co Sligo. A 5,000m drilling programme on that licence is due to start within the next few months.