Good volume going through in London overnight - up 1.50p to 29p (~A$0.62), and this from the wires:
Monday April 21, 02:41PM
Dwyka Resources says drill results from Swazigold project 'encouraging'
LONDON (Thomson Financial) - Dwyka Resources Ltd (LSE: DWY.L - news) said drilling results from its SwaziGold Project in Swaziland are encouraging and there is potential for 'the project to host several million tonnes of high grade gold mineralisation'.
Dwyka said, under the terms of the agreement with Swazi Gold Ventures (Pty) Limited, Dwyka is required to spend $750,000 on the project by the end of June 2008 in order to increase its equity in the company to 70 percent. Dwyka said it is on track to achieve this hurdle with approximately $300,000 to be spent during this period.
DWY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
