Mining News
Ortac Resources (LON:OTC) Ltd (OTC LN, 0.82p, ? 0.60% ) reported further drill results from its Turec gold-silver project located in central Slovakia. Best results include 87.9m @ 6.95g/t Au and 23.92g/t Ag from 113.0m, 66.3m @ 1.26g/t Au and 10.27g/t Ag from 126.0m, 51.3m @ 1.80g/t Au and 17.40g/t Ag from 176.0m, and 32.9m @ 1.19g/t Au and 19.60g/t Ag from 176.0m.
Patagonia Gold (LON:PGD) Plc (PGD LN, 39.75p, ? 0.63%) announced metallurgical test-work results on its Cap-Oeste gold-silver deposit in Santa Cruz province, Argentina. Two testwork programmes were completed to scoping study level for both sulphide and oxide composite samples from the Cap-Oeste project which reported recoveries of Au and Ag to concentrate from sulphide samples of up to 88.3% and 95.5% respectively. Recoveries of Au and Ag from oxide testwork reported up to 98.8% and 97.5% respectively. The testwork is ongoing and additional testing and optimisation work is required before a definitive process route and expected recovery can be determined.
Touchstone (LON:TSE) Gold Limited (TGL LN, 18.5p, ? 0.0%) announced that a new drilling programme, in a previously undrilled area of the company's Rio Pescado property in Colombia, has intersected multiple gold intercepts, principally in the 1141 Zone area. Best results include 9.13 g/t gold over 15 m, 5.84 g/t gold over 21.75 m, and 4.03 g/t gold over 23.2 metres.
Oil and Gas News
Cove Energy (LON:COV) (COV LN, 158.8p, ? 2.0%) Eighth Success Offshore Mozambique. Cover Energy, alongside operator Anadarko, today provided an operational update on the Lagosta-3 appraisal well, located about 3km west of the Lagosta-1 discovery well in the Rovuma Basin Area 1 block, offshore Mozambique. The Lagosta-3 well, which is the eighth successful well to be drilled in the world class WLBC gas complex, is also 15km south of the Camarao-1 well in the same Basin. Highlights included: the well encountering a natural gas column of 577 net feet; the gas column comprising of high quality gas sands not well imaged by seismic data thus confirming the gas accumulation to the western limits of the Windjammer, Lagosta, Barquentine and Camarao gas (WLBC) gas complex, into what was an unknown area; and pressure readings confirming vital reservoir continuity of Lagosta-3 to Lagosta-1 and 2 and…
