Resources round-up: Forte Energy, Ferrum, Gold Oil...

Forte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below the existing resources in the southern section of the A238 prospect. Thirteen of the holes have identified mineralisation extending to over 200 metres from surface over a strike length of 1.2 kilometres.

Forte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below the existing resources in the southern section of the A238 prospect. Thirteen of the holes have identified mineralisation extending to over 200 metres from surface over a strike length of 1.2 kilometres.

Ferrum Crescent has reported a jump in revenue for the six months ended December 31st, rising from $16.96m to $128.03m, sending the company into the black. The firm made a profit before tax for the period of $5.16m compared to a loss of $3.47m the previous corresponding half year. Earnings per share rose from a loss of 1.47 cents to a profit of 2.11 cents.

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