Power Metal Resources PLC (LON:POW) shares jumped by 7% at the open on Tuesday, after the company revealed it has completed initial due diligence at the Alamo project in Arizona. The Alamo project shows evidence of possible epithermal mineralisation related to a deep-seated porphyry intrusion. Evidence of intrusive dykes and structural conduits also support the prospectivity of the project.
Greatland Gold PLC (LON:GGP) has intersected high-grade gold mineralisation from its maiden diamond drilling programme at Derby North, a prospect within the Company's 100% owned Warrentinna project in Tasmania, Australia. Among the highlights was a 21.7 metre intercept grading 3.3 grams per tonne gold from a depth of 9.3 metres.
Tower Resources PLC (LON:TRP) is expecting to finalise its drill schedule later this month for the NJOM-3 well, offshore Cameroon. The explorer, in a statement, told investors that Geoquip Marines survey vessel MV Investigator is presently in the anticipated NJOM-3 area conducting a site survey.
Bluejay Mining PLC (LON:JAY) has released encouraging results from the first geochemical survey undertaken at the Disko-Nuussuaq polymetallic project in Greenland. Disko is prospective for nickel, copper, cobalt, platinum group metals and gold. Mobile metal ion survey and spatiotemporal geochemical hydrocarbon soil geochemical surveys at Disko identified multiple nickel and copper geochemical anomalies, further enforcing both new and pre-existing anomalies.
Tissue Regenix Group (LON:TRX) said it has restored all critical IT systems at its US facility after a recent cyber attack with no evidence any critical or personal data was stolen. There has been some short-term disruption, but delayed orders will be dispatched over the coming weeks said the med-tech.
Solo Oil PLC (LON:SOLO) has told investors that talks with ONE Dyas over a possible acquisition are continuing, with a view to renegotiating terms to enable the deal to proceed. In a statement, the junior oiler said that, in support of the potential acquisition, it continues to assess all debt and equity funding options available to the company. Solo also said it continues to progress a number of complementary business development opportunities, in line with its European gas strategy.
Argo Blockchain PLC (LON:ARB), the cryptocurrency miners, mined 247 bitcoins in January, generating revenues of £1.63mln. The company said mining was more efficient in January than in December despite increasing algorithmic difficulty. Argo remains ahead of schedule in its aim to bring 17,000 machines into production by the end of March, with 16,500 machines now grinding their way through calculations to produce "blocks" of verified transactions that are added to the blockchain.
Genedrive PLC (LON:GDR) has cautioned.that orders for its diagnostic kits are coming through slower than anticipated, India approved its kit to detect hepatitis C at the end of 2019 making fourteen countries that have now given the green light to the diagnostic, but commercialisation remains slow the firm said in a trading update. A US$2mln framework agreement to supply pathogen detectors to the US Department of Defense is also shipping slower than expected.
Metal Tiger PLC (LON:MTR) said it has been notified that, on 28 January 2020, Black Star Gold Pty Ltd distributed 19,880,000 ordinary shares in the company, being its entire holding in Metal Tiger, to its shareholders. It noted that Black Star is a dormant, private Australian company, of which Terry Grammer, a non-executive director of Metal Tiger, is a shareholder and director. Accordingly, Grammer was transferred 3,000,000 Metal Tiger ordinary shares which means he is now beneficially interested in 83,963,426 ordinary shares, representing approximately 5.52% of the companys issued share capital.
Sure Ventures PLC (LON:SURE), a London listed venture capital fund which invests in early-stage software companies in the rapidly growing technology areas of augmented reality (AR), virtual reality (VR), Internet of Things (IoT) and Artificial Intelligence (AI) in Fintech, provided an update on its investment portfolio. Sure Ventures director, Gareth Burchell, said: "We remain pleased and positive about the progress made by the AIFM this quarter. The sale of Artomatix has demonstrated the potential for value creation in our chosen investment areas and a 5x cash on cash return in such a short space of time was very pleasing indeed. We have constructed a portfolio that has a potential that we believe is far greater than the current mark to market valuation used in our NAV calculation and we look forward to updating the market on the progress of not only our current portfolio, but further investment opportunities being progressed in ourRead More – Source