Metal Tiger PLC (LON:MTR) and joint venture partner MOD Resources have intersected copper mineralisation in the first drillhole at the A4 Dome target, the first of seven ‘buried domes’ that will be drilled within the T3 Dome Complex in Botswana. The A4 Dome target is around five kilometres long and is located six kilometres west of the now well-established T3 Project.
Trinidad-based oil firm Touchstone Exploration Inc (LON:TXP) told investors that it produced 1,728 barrels of oil per day in the month of May. Presently, it said the current production rate is estimated at around 1,821 bopd.
IXICO Plc (LON:IXI) said an unnamed pharmaceutical client has stopped screening a phase II/III Alzheimer's Disease trial in which its specialist imaging services were being used. Last September the US$7.7mln contract was extended to 2024. A total of US$2mln in payments have been recognised in the last two years.
Stratex International plc (LON:STI) has signed an option agreement on two gold exploration projects in Cameroon. The projects were formerly worked on by Reservoir Minerals before it was sold to Nevsun in 2016, and thus are well-known to new Stratex chief Tim Livesy, who used to be chief operating officer at Reservoir. Stratex is also proposing to raise £1mln in new money to support work on the projects, via a placing at 0.5p per share.
Papua Mining PLC (LON: PML) has completed its first phase of reverse circulation drilling at the Double Event prospect, part of the Lighthouse gold project in Queensland, Australia. All drill holes intersected narrow quartz veins of between one and two metres in width, and some drill holes hit several such veins.
What’s more, all holes intersected at least one vein with varying amounts of visible, fresh sulphides including pyrite, arsenopyrite, galena and chalcopyrite.
Echo Energy Plc (LON:ECHO) has told investors that drilling has now begun for the EMS-1001 well in Argentina. It is the third of four planned wells in the current programme.
Columbus Energy Resources PLC (LON:CERP) told investors it is in a strong position for exceptional growth. Today, the Trinidad focussed oil and gas firm released its financial results statement for the twelve months ended December 31 2017, which was a significant period of change.
Keywords Studios PLC (LON:KWS), the international technical services provider to the global video games industry, said it has issued 513,189 new ordinary shares to the vendors of Mindwalk in respect of the non-contingent deferred share consideration due on the second anniversary of Mindwalk being acquired. The group said there is one further payment due to the vendors of Mindwalk of US$0.5mln which is deferred until the third anniversary post acquisition.
BB Healthcare Trust PLC (LON:BBH) announced late on Monday that it is satisfied that all inside information which the directors and the company may have to the date of this announcement has previously been notified to a regulatory information service. The company said it is therefore not prohibited from repurchasing its own securities, or issuing new securities, during the closed period which ends on the date it report results for the six months to 31 May 2018.
Capital Network has issued a research note on Staffline (LON:STAF) with analyst Ed Stacey noting that the leading outsourcing group’s shares have been one of the top growth plays in the staffing services sector in the last 15 years, but are currently trading at a discounted valuation.