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Noricum Gold (NMG), the AIM-quoted Austrian gold hopeful, had accompanied news of a £315,000 loss for the six months to June with confirmation that it has decided to ‘prioritise’ its ‘near-term operational and financial resources’ on drilling at its Schonberg project in the country’s south-central region. This represents a significant change in direction for the company, which had previously indicated it hoped to produce a formal JORC (Joint Ore Review Committee)-standard resource estimate during the first half of this year for its flagship Rotgulden precious metals project some 100 km. away.
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