Altus Strategies plc announced further encouraging results from the recently completed 10,308m reverse circulation (RC) drilling programme at its 100% owned Diba gold project in western Mali. Diba, located in the Kayes region of the country, hosts a shallow-dipping, near-surface gold deposit and several other prospect areas. The company’s current mineral resource estimate (MRE) for […]
Day: 15 November 2024
Premier Oil completes farm down of Tuna PSC
Premier Oil said that it had completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft following approval from the Indonesian government. Under the farm down agreement, the Russian state-controlled oil company will carry Premier for its share of a two-well campaign to appraise the Tuna discoveries, scheduled to commence […]
Power Metal looks to increase Ontario assets
Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]
JOG’s new analysis shows 50% increase in Buchan estimate
Jersey Oil & Gas (JOG) announced that a new analysis showed a “significant” increase in 2C contingent resource estimate for the Buchan oil field within the Greater Buchan Area (GBA) in the Central North Sea. BUCHAN FIELD The independent upstream hydrocarbon company reported 126 million stock tank barrels (MMstb) of the P50 estimate of technically recoverable […]