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Proactive Investors China - The web's leading portal for China stocks - Sipa Resources receives first results from Murchison Project drilling in WA testing three tenements

2021-05-04
by Proactive Australia
Sipa Resources Ltd (ASX:SRI)(FRA:SPO) has received first assay results from the recently completed aircore (AC) drilling program at the Murchison Project near Meekatharra in Western Australia.
To date, 146 results have been received from a total of 601 samples submitted for the entire drill program.
Previous drilling identified gold
A total of 1,949 metres of drilling in 37 holes were completed on E51/1936 with drilling targeting the northeast-trending margin of and potential structure along a prominent magnetic high associated with a komatiitic basalt.
Historic drilling identified anomalous gold results to the south (WAMEX reference A062603) and there are several historic workings of unknown origin visible along the margin of the sub-cropping basalt. ....

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Proactive Investors China - The web's leading portal for China stocks - Brookside Energy mobilising drill rig for high-impact Jewell Well in SWISH AOI

2021-05-04
by Proactive Australia
Brookside Energy Ltd (ASX:BRK)(OTCMKTS:RDFEF) has started the large logistical task of mobilising a drill rig for the high-impact Jewell 13-12-1S3W SXH1 well in the SWISH Area of Interest (AOI) of Oklahoma s world-class Anadarko Basin.
Mobilisation of Latshaw Drilling Rig 14 to the Jewell Well location in Carter County, Oklahoma, is expected to be completed early this week after which rig up and testing of equipment will begin.
A pre-spud meeting between the Black Mesa team and all contractors is scheduled for the morning of May 7, 2021, with spud to occur shortly after. ....

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Proactive Investors China - The web's leading portal for China stocks - Charlie Teo Foundation grant to fund key research of new Pharmaxis drug to tackle brain cancer

2021-05-03
by Proactive Australia
Pharmaxis Ltd (ASX:PXS)(FRA:UUD) drug discovery PXS-5505 will be the focus of a new study funded by a grant from the Charlie Teo Foundation, an Australian charity, for key research into a drug discovery tackling an aggressive and deadly form of brain cancer.
The drug, PXS-5505, which has commenced a phase 1/2a clinical trial for the rare bone marrow cancer myelofibrosis, will now enter pre-clinical efficacy testing for glioblastoma (GBM), the most common form of brain cancer with an average survival of only 15 months from diagnosis.
A$186,837 research grant
Charlie Teo Foundation has awarded a A$186,837 research grant to Y Alan Wang, PhD, associate professor of Cancer Biology at The University of Texas MD Anderson Cancer Center to enable the study of PXS-5505. ....

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Proactive Investors China - The web's leading portal for China stocks - Calima Energy resumes trading after raising A$37.9 million and acquiring oil producer

2021-05-03
by Proactive Australia
Calima Energy Ltd (ASX:CE1) has resumed trading on the ASX as a conventional oil and gas producer focused on generating free cash flow from the development of assets in western Canada.
This follows a strongly supported capital raising which raised A$37.9 million and the acquisition of Blackspur Oil Corp.
Two shallow producing fields
Calima has taken advantage of the troubled Canadian oil sector to acquire the highly indebted Blackspur Oil Corp at a very favourable price.
Blackspur s Brooks and Thorsby assets are two shallow producing fields (50-70% oil) in Alberta with about 60 producing wells and 26 mmboe (million barrels of oil equivalent) 2P reserves. ....

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Proactive Investors China - The web's leading portal for China stocks - CardieX lifts FY21 sales growth target on the back of strong March quarter

2021-04-28
by Proactive Australia
CardieX Ltd (ASX:CDX) has lifted its sales growth guidance for the 2021 financial year by 40% following a successful March quarter.
A global med-tech company focused on hypertension, cardiovascular disease and other vascular health disorders, CardieX saw continued sales growth in the penultimate FY21 quarter.
Excluding royalties, sales of its medical devices grew 30% year-on-year on a constant currency basis, with key new team members and market growth driving the increased sales targets.
Two-pronged strategy
CardieX CEO and managing director Craig Cooper said the company was investing in both med-tech products and consumer wearable devices, in order to diversify its product offering and create value for shareholders. ....

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