Cora Gold Ltd announced it had been awarded a nine-year Permis de Recherche [exploration permit] for Sanankoro II at the company’s flagship gold project in southern Mali, West Africa. The news comes after the junior miner was awarded a Convention d’Établissement1. The permit, granted under Mali’s new Mining Code 2019, covers the same area as the previous Sanankoro […]
Month: November 2024
Power Metal appoints Edmund Shaw as NED
Power Metal Resources plc has appointed Edmund (Ed) Charles Frederick Edmund Shaw as non-executive director. Mr Shaw, aged 47, is an experienced City finance professional took up his position on 19 February 2021. His previous directorships include Dunton Capital LLP, Manders & Shaw Limited and ShawCap Limited. He is currently director at NewPeak Capital LLP […]
Red Rock marks milestone at Mikei gold project
Red Rock Resources plc said it had paid $1 million of its obligation to Kansai Mining Corporation Ltd towards completing the purchase of the remaining interest in the Mikei gold project in Kenya. The outstanding amount of $1,500,000 will be in the form of an issue of 101,550,000 new ordinary shares of 0.01p in the […]
Hurricane looks at further options for Lancaster field
Hurricane Energy plc announced it had ruled out drilling during summer 2021 and was looking at three other options for further activity on its 100% owned Lancaster field. In December 2020, the offshore hydrocarbon company, focused on naturally fractured basement reservoirs, said it would engage with its stakeholders including an ad hoc group of convertible […]
Altus makes notable gold grade intersections at Tabakorole
Altus Strategies plc said it had made significant broad and high-grade intersections from reverse circulation (RC), aimed to increase mineral resource, at the Tabakorole gold project in southern Mali. Exploration activities at Tabakorole are funded by Australian miner Marvel Gold Ltd under its joint venture (JV) with Altus, which holds a 49% equity interest and […]
Conroy Gold raised €1m as losses increased in H1 2020
Conroy Gold and Natural Resources plc has recorded increased losses while raising more than €1 million for its mining projects on either side of the Irish Border and in Finland. In its unaudited results published last Friday (26 February) for the half year ended 30 November 2020, loss after taxation for was €703,294 (six-month period […]