Proactive news snapshot: Erris Resources, Immotion Group, Franchise Brands, Ironridge Resources …

Erris Resources PLC (LON:ERIS) is set to kick off work to take the Loch Tay Gold Project to an inferred resource of 250,000 ounces of the yellow metal having concluded due diligence work on the project. In doing this it will earn an 80% share of the Scots prospect, which is around 27 miles from the permitted Cononish mine, owned by ScotGold Resources Ltd. (LON:SGZ) that also sits on the Grampian gold belt.

Immotion Group PLC (LON:IMMO) has confirmed the installation of 93 of its virtual reality (VR) headsets in the first quarter of 2020 after signing contracts with a number of attractions and venues. The firm, which specialises in out of home VR experiences, said it has signed contacts in the past week with the London Eye, four aquariums and a European zoo and has agreed terms with a further nine aquariums and five entertainment sites.

Franchise Brands PLCs (LON:FRAN) results for 2019 will show significant growth over the previous year and at least match market expectations for £40.6mln of sales and underlying profits of £5.2mln. Drain maintenance group Metro Rod led the improvement with 14% higher sales compared with 10% growth a year earlier, while recent acquisition Willow Pumps has integrated well and broadened the range Metro Rod can offer. Trading in 2020 had also started well, the AIM-listed group said.

Ironridge Resources Limited (LON:IRR) has hailed 'exceptional' assay results from first drilling at the Zaranou gold project in the Ivory Coast. In a shallow drilling programme, the junior hit grades as high as 23 grammes per tonne (g/t) of gold, while one hole showed gold at 3.39 g/t over a width of 22 metres (m). Len Kolff, Ironridge's chief operating officer said: "Assay results received to date are exceptional for a first-pass exploration drill programme and indicate potential for a significant gold discovery, notwithstanding that only such a small portion of the large target footprint has been drill tested to date."

88 Energy Ltd (LON:88E) has told investors that the preparation for the Charlie-1 well is “progressing to plan” with spudding expected soon. In a statement, he Alaska-focused explorer said that ice road construction is underway and its base layer is presently about 25%. A permit to drill has been submitted, with approval expected in January.

Fuel derived from EQTEC PLCs (LON:EQT) waste-to-energy technology demonstration plant in France has been approved for testing by a “world class” local research laboratory. LERMAB, the University of Lorraines research laboratory on wood material, will carry out tests using refuse-derived fuel (RDF) produced at the plant, which was built by EQTEC in collaboration with the university.

Scotgold Resources Limited (LON:SGZ) updated investors on exploration activities at the Grampian project in the Scottish Highlands – which includes the Inverchorachan and Beinn Udlaidh exploration areas – where geologists have continued to use 'ionic leach' methods on sample material. At Inverchorachan a total of 177 samples have been collected along 500 metres, extending the prospect to the south and southwest – and the anomaly remains open along strike. At the Beinn Udlaidh prospect a total of 599 samples were collected and analysed, yielding values of 9.06 parts per billion (ppb) gold and 89.9ppb silver across a strike length of 2.4 kilometres. Another anomaly was also observed to the southwest which is seen as a possible extension to the main Beinn Udlaidh vein.

Amryt Pharma PLC (LON:AMYT) will have a significant presence at a London conference for physicians and companies involved in treating a skin condition. It will provide information on AP101, its phase III drug for the condition epidermolysis bullosa (EB) on January 21. On the same day, Amryt scientist Dr Lara Cutlar has been invited by the event organisers to present a talk on non-viral gene therapy delivery mechanisms.

Tower Resources PLC (LON:TRP) told investors that Cameroon authorities have communicated that the government has decided to approve the companys application to extend the initial exploration period for the Thali licence. Previously the initial exploration period had an expiration date of 15 September 2019, and, last year the company requested a twelve-month extension.

Amur Minerals Corporation (LON:AMC) told investors that it has now completed the baseline environmental assessment (BLEA) for the Kun Manie nickel-copper project. The document has now been filed and approved by the necessary Russian Federation agencies, it added.

Quadrise Fuels International PLC (LON:QFI) has unveiled plans to reshuffle its board as it continues a transition towards commercialisation. The specialist fuel firm said that from 1 February, its current chief operating officer Jason Miles will become chief executive, while head of projects Mark Whittle will take over as COO.

Avation PLC (LON:AVAP) the commercial passenger aircraft leasing company, told investors that, further to its announcement on 9 January 2020, it has delivered the second of two Airbus A321 aircraft to Vietjet Air under a long term operating lease. In a statement, the fiRead More – Source

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