Mila Resources nearly halves in value as drilling results disappoint
15/11/2022 13:59
** Shares of UK's gold exploration company Mila Resources
Plc MILA.L drop as much as 49% to 1.6p, lowest in more than
two years
** Co says drilling for 2022 is now complete at its Kathleen
Valley Gold Project in Western Australia, but the three holes
did not return "economic widths and grade"
** Shares will see their worst day, if losses hold
** Co says results of Coffey deposit, one of the three known
deposits were disappointing
** As of last close, shares down 32.5% YTD
(Reporting by Kavya B in Bengaluru)
((Kavya.B@thomsonreuters.com;))