Reabold Resources plc said that reservoir damage to the Kirkham Abbey formation was preventing further significant oil flows at West Newton in East Yorkshire. SIGNIFICANT The upstream oil and gas investor added that the West Newton B-1Z (WNB-1Z) well had been suspended with gauges measuring pressure build-up. Testing of the WNB-1Z well to date has […]
Day: 15 November 2024
Power Metal signs Pilot tungsten option
Power Metal Resources plc has signed a strategic option agreement to acquire a 100% interest in the tungsten-copper-silver-zinc Pilot Mountain project in Nevada. EXPLORATION The 5,908-acre project comprises four existing mineral deposits of Garnet, Good Hope, Gunmetal and Desert Scheelite which all hold “significant skarn-style tungsten-copper-silver-zinc mineralisation”. Pilot lies 200km southeast of Reno and hosts a […]
Cornish Metals extends strike length of United Downs lode
Cornish Metals Inc said it had traced the known strike length of the UD lode, formerly known as the Lithium lode, to more than 200m at the United Downs project in Cornwall. The company added that the mineralisation remained open along strike. The UD lode has been intersected in five of the six drill holes […]
Galantas focuses on increasing resource at Cavanacaw
Galantas Gold Corporation recorded no revenue during Q2 2021 as the company focused on drilling to increase resource at the Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its unaudited financial results for Q2 2021, the Canadian miner recorded nil revenue (Q2 2020: nil). Concentrate sales provisional revenues of US$218,000 for Q2 2021 (Q2 2020: […]
JOG draws interest in regional electrification at GBA
Jersey Oil & Gas plc (JOG) said it had received significant interest in a collaboration for an area-wide electrification project involving the Greater Buchan Area (GBA) development in the North Sea. DISCUSSIONS The company believes that regional electrification could benefit the GBA and neighbouring facilities through possible reductions in both capex and opex. If successful, GBA […]