Monday, 4th October 2004 (2547 views)

A gold mining worker, who has been in the sector for 30 years, has announced he is embarking on a new deal.

Patrick Harford, will be putting Mercator Gold to the Alternative Investment Market to help raise £510,000 and valuing the company at £3.1 million.

Mr Harford only founded the company and acquired his 16 per cent share seven months ago.

The gold exploration firm was set up in March to look for reserves in and around existing gold mining areas.

According to the Times Online, the first project for the firm will be in Meekatharra, Western Australia, where it will conduct a drilling programme.

 

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