Date: Thursday 05 Jul 2012
Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project.
AFC Energy, the industrial fuel cell power company, said it had seen "very significant progress for the company on its road to commercialisation" in the six months to the end of April. The firm widened losses in the period to £2.1m, equivalent to a loss of 1.04p per share.
Matra, an independent oil and gas exploration and production company with operations in Russia, announced that Canaccord Genuity had been appointed as nominated adviser and broker to the company with immediate effect.
SolGold has reported "very encouraging" gold assay results from its 100% owned Nicko's Reward prospect at the Mt. Perry Project in Queensland. Hole NIC 012 has delivered 50m at 0.68g/t gold, including 2.0m at 5.46g/t gold, while hole NIC 014 delivered 56m at 1.0g/t gold, including 4.0m at 4.82g/t gold and hold NIC 016 returned 26m at 1.41g/t gold, including 6.0m at 2.19g/t gold. Current published resources at Mt. Rawdon stand at 36.7m tonnes at 0.87g/t gold for 1.0m ounces. "There is scope for further drilling to the south and at depth, beyond the limits of the current and historical drilling," the firm said.
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