First Au Limited (ASX:FAU) announced strong assay results from 3 drill holes at the Gimlet gold project. The deepest drill hole at Gimlet intersected a broad zone of gold mineralisation with 33.1 metres at 1.6 g/t gold (including internal dilution) confirming that the mineralisation extends beyond 291 metres.
* Mount Burgess to Collect Renewed PL 43/2016 Documentation from the Department Of Mines, Botswana Mount Burgess Mining NL (ASX:MTB) has received written confirmation that the renewed Prospecting Licence 43/2016 documentation is finally ready for collection from the Department of Mines, Botswana. In September 2020, the Company had submitted its second Renewal Application for PL 43/2016 for a further two years to 31 December 2022 to the Department of Mines. PL 43/2016 covers an area of 997 sq km, including Mount Burgess’ Kihabe-Nxuu Zn/Pb/Ag/Ge/V project.
* Paygroup (ASX:PYG) Discloses $2.5 Million Payroll HQ Buyout Human capital management company PayGroup Limited (ASX:PYG) has announced a $2.5 million full-scrip buyout of payroll specialist Payroll HQ. PYG traded on a tad higher note after making this declaration on 4 November. PYG shall come up with this $2.5 million by issuing 4.1 million shares at 61.5 cents. This price is created upon the volume-weight average price for the 90 days to 02 November 2020. Though, PYG stated that this amount would be fully paid by distributing PYG shares at the price at which it was purchased initially.
