Maghreb sees more promise at Bou Jabeur mine

Sept 5 (Reuters) - Exploration company Maghreb Minerals Plc (MAGM.L: Quote, Profile, Research) said on Friday phase 2 step-out drilling at Bou Jabeur, Tunisia, indicated deeper mineralisation, which could boost the value of its deposit, sending its shares up nearly 7 percent.

The AIM-listed company developing base metal and industrial mineral deposits in Tunisia, said drilling at the Gite de l'Est deposit demonstrated mineralisation well below the known resource there.

Drill hole MBJ27 intersected 35.90 metres grading 6.99 percent zinc and 1.28 percent lead, while MBJ28 cut richer lead mineralisation including 14 metres of 6.94 percent lead and 2.01 percent zinc, the company said.

At 1115 GMT, Maghreb shares were up 6.9 percent at 3.875 pence on the London Stock Exchange. (Reporting by Tresa Sherin Morera in Bangalore, editing by Will Waterman)