Reabold Resources plc announced it had received £7.5 million by way of a placing and subscription of new ordinary shares of 0.1p each. A total of 890,909,093 ordinary shares have been placed with new and existing institutional investors and a total of 472,727,270 ordinary shares have been subscribed for by certain directors and institutional investors, […]
Month: November 2024
Altus tests show ‘excellent’ Tabakorole gold recoveries
Altus Strategies plc said it had excellent results from preliminary metallurgical test work on fresh rock samples at the FT Prospect of its Tabakorole gold project located in southern Mali. Bottle roll tests on core samples from diamond drilling at the FT Prospect indicated a straightforward, clean and non-refractory ore with low reagent consumption. The […]
Altus finds karst-style system at Lakanfla gold site
Altus Strategies plc announced it had confirmed a karst-style system and low-grade gold following 3,8000m reverse drilling and associated passive seismic surveys at its Lakanfla gold project in western Mali. The mining and royalty company said that results showed a karst-style system along a 6km margin of granite intrusion, and that drilling had intersected widespread […]
Altus marks more positive Diba gold drill results
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 […]
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 […]