Condor Gold’s cash balance increased to £5.5 million for the nine months ending 30 September 2020 compared with £3.6m for the same period in 2019 at its La India project in Nicaragua. In its unaudited results for three and nine months ending 30 September 2020, the precious metals miner added it was fast tracking the […]
Month: November 2024
Hummingbird extends Dugbe gold licence
Hummingbird Resources plc’s acquisition of the Central licence has increased its Dugbe gold project in southern Liberia to 2,565km2. BUKON JEDEH The new 210km2 area forms the core to the southern part of the project and includes Bukon Jedeh located 8km southeast of Dugbe’s large Tuzon deposit. Pasofino Gold Ltd has an earn in option […]
Power Metal drills at Silver Peak despite winter weather
Power Metal Resources plc said it had overcome bad weather by using smaller equipment to start diamond drilling at its Silver Peak project in British Columbia, Canada. CONDITIONS The company had expected to start a 500-metre confirmatory diamond core drill programme to test the Victoria vein. However, poor weather has prevented the drilling rig and […]
UKOG starts test at Horse Hill for increased oil flow
UK Oil & Gas plc (UKOG) has completed surface-based intervention operations at Horse Hill-1 well (HH-1) which has now been shut in for a long term pressure build-up test (PBU). The company, which owns 85.635% of HH-1, said that the test would provide the data necessary to understand whether the Portland reperforation programme had achieved […]
RRAL granted further Ballarat gold licences
Red Rock Australasia Pty Ltd (RRAL) announced that a further seven of its licence applications have been accepted and given the highest ranking in the Victoria gold fields of Australia. BACKLOG The company is a joint venture between Red Rock Resources plc (49%) and Power Metal Resources plc (50.1%). The partnership is targeting the historic […]
Egdon to submit plans for new well at Biscathorpe
Egdon Resources plc said it would apply for planning permission before the end of February 2021 for a new oil well at Biscathorpe in Lincolnshire. SIDE-TRACK The operating company has a 35.8% interest in PEDL253 and its joint venture partners include Union Jack Oil (30%). Egdon said that accessible drilling target areas had been identified, […]