Oriole Resources plc said it had received further excellent drill results from the Faré prospect in its Senala joint venture (JV) project, Senegal. RESULTS The news follows results earlier this week of up to 70m grading 1.46 g/t gold and 10m grading 1.69 g/t Au, respectively, at Faré and Madina Bafé. PHASE 1 Today’s published partial results are […]
Day: 15 November 2024
Scirocco welcomes two-year extension to Ruvuma licence
Scirocco Energy plc said that a two-year extension had been granted to the 3,447 km2 Ruvuma joint venture licence in southeast Tanzania. RUVUMA The company holds a 25% working interest in the licence which is operated by ARA Petroleum Tanzania Ltd (APT). Approximately 90% of the licence lies onshore with the remainder offshore. EXTENSION The […]
Cora posts high-grade gold intercepts at Sanankoro
Cora Gold Ltd has reported multiple high-grade gold intercepts at Sanankoro gold project in southern Mali. RESULTS Cora said that results from the programme had been consistently extremely encouraging, with good widths and high-grade results in generally shallow oxide ore. A total of 328 holes have been drilled totalling over 36,648m from start of the […]
Tertiary optimistic over Brunton Pass copper results
Tertiary Minerals plc announced further results of copper and gold in rock samples taken at its 100% Brunton Pass copper project in Nevada, USA. FINDINGS Tertiary has staked 24 mining claims with copper mineralisation across a 1km x 0.6km target area. Rock samples taken from the northern half of the claim block contain up to […]
JOG discounts Zermatt and Glenn from GBA plans
Jersey Oil & Gas plc (JOG) announced it will not progress with its non-core licences P2497 Block 20/4c (Zermatt) and P2499 Block 21/2a (Glenn) in its Greater Buchan Area (GBA) in the Central North Sea. SELECTED CONCEPT The selected concept for the GBA development is planned to be executed in three phases none of which […]
Power Metal raises £300,000 via insider warrant exercises
Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]