Phoenix Global Mining (LSE:PGM) dipped to 30.2p this morning despite recent exploration work indicating a ‘district style’ opportunity at its flagship Empire copper mine in the US.

The firm, which was down 7.2pc as at writing, said it has proven mineralisation along a 3.5km strike within its expanded Empire Mine land position, which now totals 1,837 acres. As a result of the findings, Phoenix will now fast-track further exploration work, with chief executive Dennis Thomas claiming the results suggest a ‘district style’ opportunity:

Oriole Resources (LSE:ORR) is currently sitting at 0.45p after confirming the presence of significant gold anomalism at the Madina Bafé prospect on its Dalafin project in Senegal last week. With the results boosting Madina Bafé’s position as a potential satellite deposit for a nearby gold deposit called Boto, chief executive Tim Livesey talks us through the company’s plans for the project.

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