Rafaella Resources Limited announced that it has contracted Sondeos y Perforaciones Industriales del Bierzo, S.A. (`SPI') to conduct a drilling campaign for up to 4,500m of diamond drilling. SPI conducted the 2016 diamond drilling campaign for 2,700m and the reverse circulation drilling for the 2019/20 drilling campaign. The drilling campaign will initially focus on converting existing Inferred Resources located within the current pit shells to Measured and Indicated status amounting to 7 holes totalling approximately 1,500m. Four of the initial holes are located within the existing aggregate quarry and all the targeted resource upgrade will fall within Stage 1 of the mine plan which is to be undertaken through a commercial arrangement with the local aggregate quarry operator. The drilling campaign will then seek to expand the resource through step out drilling and subject to results this will be followed by infill drilling such that any additional resource where possible will be converted to Measured and Indicated status. SPI has mobilised a Spidrill 160D rig to site and has commenced drilling the first of the holes, MC108 with a target depth of 160m. A second rig is to be mobilised on 2nd February with a possible third rig later in the month. The drilling campaign is expected to be completed by the end of April followed by an updated Mineral Resource Estimated, revised mine schedules and economics. Site preparation work continues with a review of existing process equipment and the disposal of such where determined as not required for future operations. Underground recommissioning is also progressing with the acquisition of ventilation equipment and ongoing civil works to improve water drainage.