Power Metal Resources plc has signed an option agreement, with a down payment on drilling, to acquire a 100% interest in two gold-nickel prospecting licences in the Tati Greenstone Belt (TGB), northeast Botswana. Following a 60-day period of due diligence, Power Metal may exercise the option through its newly formed 100% owned subsidiary Power Metal […]
Month: November 2024
Predator remains on course to drill MOU-1
Predator Oil & Gas Holdings plc said it remained on schedule to start drilling next month its MOU-1 gas well in the Guercif Basin, northern Morocco. The MOU-1 well, comprising permits I, II, III and IV, is approximately 250km due east of and on trend with the Rharb Basin, where shallow commercial gas production has been […]
Chesterfield identifies new high priority ‘Olive’ target
Chesterfield Resources plc said it had confirmed a high priority drill target from the discovery of a large new anomaly at its copper-gold-zinc-silver project in western Cyprus. The target, which the miner has named Olive, is a buried anomaly similar to the nearby historic Limni mine, which is recorded to have yielded 90,000 tons of […]
Power Metal prepares to drill at Kisinka
Power Metal Resources plc has had its exploration licence converted to a 25-year production licence as it prepares to drill for copper-cobalt at the Kisinka project in the Democratic Republic of Congo (DRC). The licence covers 61 carrés, each of 84.95 ha for a total of 5,181.95 ha, at the project located 30km east of […]
Erris encouraged by Lead Trial scout drilling
Erris Gold Resources Ltd said it had finished scout drilling of six holes at the Lead Trial prospect in Perthshire. The company completed the drilling last week and the rig has now left the site. Erris said that its geologists were ‘very encouraged’ by the core and are awaiting assay results ahead of a major […]
Cora Gold notes further strong drill results at Sanankoro
Cora Gold Ltd reported further strong results from its largest ever drilling campaign at its Sanankoro gold project, Southern Mali. The company plans to drill up to 35,000m by the end of July 2021 to target resource growth as well as infill drilling to convert existing inferred resources to indicated. A total of 116 holes […]