The joint venture partners at West Newton announced that the first phase of evaluation will begin in April of sidetrack well WNB-1Z at the site near Hull in the East Riding of Yorkshire. The evaluation will include a cased hole logging programme (CHLP) and a vertical seismic profiling survey. The JV comprises Reabold Resources plc […]
Month: November 2024
Condor Gold buoyed by latest drill results at La India
Condor Gold plc said that its latest drill results were highly encouraging at the La India project in Nicaragua. The miner added that the results, which showed two significant intercepts, also added considerable confidence to the company’s geological model, mineral resource and reserve calculation as well as the mine plan. Condor has completed the first […]
Red Rock maintains goal for mid-tier status
Red Rock Resources plc last year recorded modest improvements across its group’s interests in manganese, gold, copper and cobalt. FINANCES In its unaudited results for the six months to 31 December 2020, the company’s total equity increased by 20.4% to £16.659 million, following a 53.7% increase over the previous six months. Current and non-current assets together increased […]
Cora Gold review improves results from Dako II drill
Cora Gold Ltd reported improved results from the re-analysis of samples from drilling at Dako II permit in southern Mali. The junior miner conducting drilling during the final quarter of 2020 at the site contiguous with the company’s flagship Sanankoro gold project. The first-pass screening 50g fire assay results set out in an announcement on […]
Kanye SJV to add more Cu-Ag licences at South Ghanzi
Kavango Resources plc and strategic joint venture (SJV) partner Power Metal Resources plc have signed conditional agreements to acquire a 100% interest in eight licences in the Kalahari Copper Belt (KCB). The move follows the 50-50 SJV’s creation of two new companies; Kanye Resources (Pty) Ltd (Kanye Botswana) which is wholly owned by Kanye Resources […]
Helium One quickens pace with £6.5 million cash
Helium One Global Ltd recorded a significant increase in cash for its Rukwa exploration and development project in Tanzania. In its unaudited interim results for the six months ended 31 December 2020, the company reported a net cash balance of $6,584,886 compared with $577,997 for the same period in 2019. An oversubscribed fundraise resulted in […]