Good test results for African Barrick

FTSE 250 miner African Barrick Gold yesterday said that exploratory drilling for gold at the Bulyanhulu project in Kenya had produced positive initial results, opening the potential for a significant expansion of the project. “With a number of potential growth projects effectively on hold, being able to add potentially mineable ounces at current projects would be a positive result for the company,” said Rob Broke, analyst at Westhouse Securities.