Revenues Development Authority of the Tigray Regional State of Ethiopia has reportedly collected 2.1 billion Ethiopian birr revenue in the concluded Ethiopian Fiscal Year.
Legesse Seifu, the Authority's Legal Core Process Head, told Walta Information Center today that, the revenue was collected from direct and indirect taxes as well as non-income titles.Tigray Resources announced results from initial diamond drill from the first phase drill program at the Terakimti copper-gold-silver-zinc prospect in northern Ethiopia. 
Drilling in the southern part of the Terakimti target area has discovered thick zones of steeply south-dipping massive sulfide mineralization over a 250-metre strike length, with an interpreted plunge to the mineralized system of 35 to 40 degrees to the ENE.
Ethiopia-focused Tigray Resources is making a healthy splash on the TSX Venture Exchange.
On its first day of trading on the TSX Venture Exchange on Wednesday, Tigray Resources charged forward closing up 64 percent at C$1.00 on brisk trading volume. Then it continued the streak, jumping up a further 41 percent to C$1.41 within the first few minutes of trading yesterday.
The investor demand signals strong interest in getting on board one of the TSX Venture Exchange's latest junior explorers.
Tigray Resources Inc has announced that it has completed nine diamond drill holes since mid-August in Ethiopia. The holes are approximately 1700 meters and have been completed on drill sections 80 meters apart at Terakimti and are part of ongoing exploratory drilling.
Drilling is targeting a zone approximately one kilometre in strike length identified through geological, structural and alteration mapping; gold anomalous gossan outcrops; soil geochemical anomalies; IP, resistivity, gravity and EM targeting; and results from 12 previously drilled holes.The lab is expected to deliver the results for the first eight diamond drill holes in four to six weeks.
Tigray Resources encountered an additional copper-polymetallic mineralization close to the site of its successful drilling last year at its Terakimti prospect in Ethiopia.
Tigray highlighted as much as 74 meters of 3.77% copper, 14 g/t silver, 1.31g/t gold, and 0.72% percent at about 57 meters down at the Terakimti site last December.
The latest results from Tigray reveal that it has intersected with 41 meters of 3.24% copper, 25 g/t silver, 1.19 g/t gold and 1.19% zinc at 41 meters away from its previous intercept.
