Power Metal Resources plc has restarted diamond drilling at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria silver mine which is covered by the first ever Crown-granted mineral claim within the Province. The company conducted due diligence, testing the Victoria vein, during summer 2020 before heavy snowfall halted the drill programme in November 2020. […]
Month: November 2024
Tertiary to start trenching at Pyramid silver-gold project
Tertiary Minerals plc said it would soon start excavating trenches ahead of drill tests for the Phase 2 exploration programme at its Pyramid silver-gold project in Nevada, USA. The company hopes to receive the necessary permits within one or two weeks. PLANS Tertiary has completed Phase 2 planning which involves three trenches for 300m to […]
Power Metal raises £63,158 through warrant exercise
Power Metal Resources plc has raised £63,158 after receiving notices to exercise warrants over 8,421,053 new ordinary shares of 0.1 pence each (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,421,053 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
EnQuest investors back Golden Eagle share acquisition
EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
United marks ‘exceptional success’ from Egypt assets
United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]
Red Rock appoints Alex Borrelli as independent NED
Red Rock Resources plc has appointed Alex Borrelli to the board as an independent non-executive director with immediate effect. Mr Borrelli, FCA, initially studied medicine and then qualified as a chartered accountant with Deloitte, Haskins & Sells, London in 1982. He then worked in corporate finance at Guinness Mahon, Samuel Montagu and as a corporate […]