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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Says drilling results from the West Kenya project in Kenya confirm high-grade nature of this deposit, with "visible gold identified across several of the intersections". It's now completed 76% of total planned drilling at West Kenya. Says the phase 2 drilling programme is aimed at conversion of the inferred resources to indicated at Isulu-Bushiangala and at Ramula.
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Mosman Oil & Gas Ltd - Sydney-based oil and gas company with projects in Australia and the US - Says gross production totals 81,876 barrels of oil equivalent in the year ended on June 30. Net production grows by 66% to 37,915 barrels of oil equivalent from 22,824 the year before. Says pretax loss widens to USD2.4 million from USD1.4 million a year ago, despite revenue rising to USD1.8 million from USD816,695. Books an impairment expense of USD1.6 million, compared to none the year before. Cost of sales widens to USD1,1 million from USD491,770.
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Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Says drilling intersections have confirmed gold mineralisation over a strike length of 175 metres. Finds 40.63 grams of gold per tonne in CHRC0006 hole at Tati project in Botswana.
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By Xindi Wei; xindiwei@alliancenews.com
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