Resources round-up: Conroy, Empyrean Energy, New World Oil and Gas
Shares in Conroy Gold and Natural Resources, an AIM-listed mining company, leapt after the firm discovered two new gold targets at the Slieve Glah licence area in County Cavan, Ireland. The two targets, each of which are over 3km in length, returned anomalous gold values from the assay analysis, which ranged from four parts per billion (ppb) gold to over 300ppb. In Ireland, over 10ppb is considered highly anomalous and typically proves positive for gold-in-bedrock, the firm said.
Shares in Conroy Gold and Natural Resources, an AIM-listed mining company, leapt after the firm discovered two new gold targets at the Slieve Glah licence area in County Cavan, Ireland. The two targets, each of which are over 3km in length, returned anomalous gold values from the assay analysis, which ranged from four parts per billion (ppb) gold to over 300ppb. In Ireland, over 10ppb is considered highly anomalous and typically proves positive for gold-in-bedrock, the firm said.
Oil and gas producer Empyrean Energy has reached the milestone of 50 wells in production at the Sugarloaf Project, onshore Texas. In addition to this, there are currently four well being drilled and a further three in the process of having completion/stimulation operations carried out.
New World Oil and Gas has raised £8.6m (gross of expenses) after issuing 95.56m new ordinary shares at 9p each. The proceeds will be used to find the drilling of a third well at its Blue Creek Project in Northwest Belize, the planned 3D seismic programme on the its Danica Jutland project in Denmark and for general working capital purposes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What does a weak yen mean for Japanese stocks?
The Japanese yen has hit its lowest level against the US Dollar since 1986. What does it mean for its stock market?
By Alex Rankine Published
-
Nationwide cuts mortgage rates as they dip below 4% for first time since February
The building society’s cheapest deal is now priced at 3.99%. Whether you’re buying or remortgaging, we look at whether rates could drop further in the coming months
By Ruth Emery Published