Condor Gold plc announced the best drilling intercept to date from the Cacao prospect at the La India project in Nicaragua. The drill intercept of 25.93m (14.9m true width) at 3.94g/t gold from 263.82m, including 4.58m (2.6m true width) at 7.76g/t gold from 282.12m drill depth was in drill hole CCDC033. The junior miner said that the assay result supported […]
Day: 15 November 2024
Chesterfield to start drilling in Troodos West
Chesterfield Resources plc said it would this week start diamond drilling at its copper-gold-silver-zinc assets in its Troodos West group of licences in Cyprus. The programme is expected to cover approximately 2,000m of drilling. The news follows February‘s announcement that the company had intersected two high grade mineralised zones on two separate targets. SURVEYS Executive […]
UKOG starts drilling Basur-3 appraisal well
UK Oil & Gas plc (UKOG) said it had marked a milestone with the start of air drilling at the Basur-3 appraisal oil well in the 305 km² Resan licence, Turkey. On 26 June, operations began on the initial 17.5 inch diameter hole section, following which a 13⅝ inch casing is expected to be set. […]
Hurricane refused court approval for restructure
Hurricane Energy plc said that the High Court had today refused to sanction its proposed restructuring plan. RISK The company added that its existing board was considering all options including an appeal. “Unless the company or the Ad Hoc Committee successfully appeals the judgment, the restructuring plan will not be implemented,” said Hurricane in a […]