Rockfire said the drilling is intended to increase the confidence in the current inferred resource of the project, extend the current resource and test new geological targets.
“This presents a great opportunity for Rockfire to potentially discover a very large gold deposit. Plateau has similarities to the currently operational Mt Wright gold mine (+1 Moz) which occurs approximately 50 km northeast of Plateau. Mt Wright and Plateau are both breccia-hosted gold deposits, with similar alteration and mineralisation styles,” explained David Price, the chief executive officer of Rockfire.
1.30pm: Totally wins West Hertfordshire contract
A subsidiary of the company has been tasked with the provision of urgent treatment centre services to Watford General Hospital.
The shares were up 17% at 12.375p on the news.
12.30pm: A diamond update from Vast Resources
The company said the agreements relating to the Chiadzwa community diamond project are due to be signed next week.
The confirmation followed recent comments on a number of online news sites in the wake of a press conference held by Winston Chitando, Zimbabwe’s minister of Mines and Mining Development.
11.30am: Globalworth dips after tapping the market
Globalworth Real Estate Investments Limited (LON:GWI) shares were on offer, down 2.6% at 9.25p, after the company completed a share placing.
Some 28.6mln shares were placed at €9.25 a pop, raising around €264.3mln in proceeds.
The newly issued shares represent around 14.7% of the existing issued share capital of the Central and Eastern Europe offices investors.
10.30am: DekelOil to change its name
Palm oil producer DekelOil Public Limited (LON:DKL) is to go ahead with its name change to Dekel Agri-Vision Limited.
The ticker symbol will remain unchanged.
Shares in the company, which released a third-quarter production update yesterday, were down 2.6% at 1.90p.
9.30am: Nostrum plunges after well disappointment
Disappointing news relating to well 41 in the pre-Caspian Basin lopped a third off the share price of Nostrum Oil & Gas PLC (LON:NOG).
The shares plunged to 7p after the company said extensive testing on well 41 in the Frasnian reservoir has so far been unable to sustain a commercial flow of hydrocarbons from the well.
The company will now consider whether there are alternative approaches it can take to perforate other reservoirs and is not expecting any production from this well in 2019.
Man down! Man down!
The group’s funds saw a net outflow of US$1.1bn in the quarter, contributing to a decline in funds under management to US$112.7bn from US$114.4bn at the end of June.
Proactive news headlines
Supermarket Income Reit PLC (LON:SUPR) has acquired its third property where Sainsbury’s is the tenant, picking up the grocer's Cheltenham superstore and associated multiple purpose-built distribution docks.
Salt Lake Potash Ltd (LON:SO4) has delivered an “outstanding” bankable feasibility study (BFS) for the commercial-scale development of the 245,000 tonnes per annum Lake Way sulphate of potash project in Western Australia.
Symphony Environmental Technologies PLC (LON:SYM), the biodegradable plastic technology firm, is one of the first companies to be awarded the new “Green Economy” classification by the London Stock Exchange.