Galantas Gold Corporation announced it had restarted limited underground blasting at Omagh gold mine at Cavanacaw in County Tyrone, Northern Ireland. The Canadian miner is developing the Kearney gold vein which is expected to produce a feed of higher gold grade for the processing plant than the current feed, which comes from low grade stock. […]
Month: November 2024
Hummingbird to increase Dugbe gold resource
Hummingbird Resources plc said that initial results from a 5,500-metre drill programme show the potential to increase mineral resource at the Dugbe F gold deposit in Liberia. The company’s Canadian partner, Pasofino Gold Ltd, is conducting the programme and covering all associated costs, as part of its earn-in agreement for a 49% stake in the […]
Power Metal raises £7,000 through warrant exercise
Power Metal Resources plc has received subscription monies of £7,000 after receiving notices to exercise warrants over 1,000,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 1,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 […]
Predator raises £1.8m via placing
Predator Oil & Gas Holdings plc announced it has raised £1.785 million before expenses after conditionally placing 17 million new ordinary shares of no par value in the company at a placing price of 10.5 pence each. The placing was significantly oversubscribed and utilises much of the company’s existing headroom shares under the Financial Conduct Authority restrictions for […]
Oriole confirms enhanced gold anomalies at Senala
Oriole Resources plc has confirmed enhanced gold-in-soil anomalies in the latest results from its Senala project in Senegal, West Africa. Operator and Oriole’s joint venture partner, IAMGOLD Corporation, is due to begin a further drill programme to test anomalism identified along the strike length from previous drilling at Faré North and at Faré Far South. The […]
WCM to face public inquiry on coal mine plans
West Cumbria Mining Ltd (WCM) will face a public inquiry following the Government’s decision, after two previous refusals, to call in the company’s plans for a coking coal mine off the coast of Cumbria. CONTROVERSY The Secretary of State for Housing, Communities and Local Government Robert Jenrick MP gave his reasons as increased controversy over […]