Condor Gold plc said it had started a 5,000-metre diamond drill programme on the Cacao Vein to prove the potential increase in mineral resource at La India gold project in Nicaragua. Cacao is located 4km from the planned processing plant at the company’s fully permitted La India mine. Condor said that the vein was a […]
Day: 15 November 2024
Power Metal identifies new visible sulphides at Molopo
Power Metal Resources said it had identified additional visible sulphides as the company awaits test results from its nickel sulphide and platinum group metals project (PGM) in Molopo Farms Complex (MFC), Botswana. The metal mining company added that that up to 14 new targets in order of priority for ground exploration work have also been […]
Angus to obtain new seismic data for Lidsey
Angus Energy plc announced it would obtain new seismic data and reprocess the existing seismic lines to identify a new drill target at Lidsey oil field in West Sussex. The onshore hydrocarbon company said that previous seismic mapping had underestimated the aerial extent of the reservoir and most importantly its shape. This had resulted in […]
Reabold to invest further £1m in Corallian
Oil and gas investor Reabold Resources plc said it expected to invest £1 million in Corallian Energy Ltd through a conditional convertible loan instrument for the Victory gas field, West of Shetland. The convertible loan is conditional on Corallian receiving the consent of 75% or more of its shareholders. Reabold has an existing 36.9% shareholding […]
Union Jack aims for enhanced profile and mid-tier status
Union Jack Oil plc has said it planned to consolidate its share capital to avoid price volatility, increase liquidity and to enhance the perception of the company. The company’s proposals include consolidating the existing ordinary shares in issue so that every 200 existing ordinary shares will be consolidated into one consolidated ordinary share. Union Jack […]