Erris Gold Resources plc said it had more than doubled its exploration area with a new licence granted to partner Greenore Gold in the Loch Tay project within the Grampian gold belt, Scotland. LICENCE In May 2020, the companies jointly applied for the Glen Almond licence covering 250km2 of prospective ground. Erris Gold today announced […]
Day: 15 November 2024
Neptune Energy starts production at Duva
Neptune Energy today announced the start of production from the Duva development in the Norwegian sector of the North Sea. DUVA The company is the operator with partners Idemitsu Petroleum Norge, PGNiG Upstream Norway and Sval Energi. Duva was developed as a subsea installation with three oil producers and one gas producer, tied back to […]
Sunrise re-analysis increases Baker’s gold grade
Sunrise Resources plc announced a 25% increase in gold grades from re-analysis of the reported high grade drill samples at its Baker’s gold project in Western Australia. DLR4 Target The routine re-analysis of the high-grade samples aimed to evaluate possible nugget effect. Sunrise compared the new results from the analysis of 1 kg bulk cyanide […]
Altus completes first closing on NSR for Caserones copper
Altus Strategies plc has completed the first closing of its agreement to acquire an effective 0.418% net smelter return royalty (NSR) interest on the producing Caserones copper mine located in the Atacama region of northern Chile. AQUISITION The mining royalty company is acquiring the NSR interest for $34.1 million through a strategic 50:50 partnership with […]
Oriole completes MRE for Faré South at Senala
Oriole Resources plc announced an independent mineral resource estimate (MRE) of 155,000 oz gold grading 1.26 g/t gold in the inferred category for Faré South in its Senala project, Senegal. JOINT VENTURE The MRE is independent of the company’s joint venture partner IAMGOLD Corporation which has the option to spend up to $8 million to earn a 70% interest. […]
Kavango extends licence area and starts double shift at KSZ
Kavango Resources plc has extended its licence area to 8,751.7km2 and started double shift drilling in its exploration programme for copper-nickel-PGM rich sulphide ore bodies in the Kalahari Suture Zone (KSZ) in Botswana. LICENCES The company was awarded two further three-year PLs in the KSZ covering a combined 1,258km2 with the option of two two-year renewal […]