Condor Gold plc has outlined two mining scenarios following SRK Consulting’s preliminary economic assessment (PEA) on its 100% owned La India gold project in Nicaragua. SCENARIOS Scenario A involves mining from four open pits, termed La India, America, Mestiza and Central Breccia Zone (CBZ), which targets a plant feed rate of 1.225 million tonnes per […]
Day: 15 November 2024
Arkle reports ‘spectacular’ gold intersection at Mine River
Arkle Resources plc announced it had intersected exceptionally high grade gold and extended the drilling programme at the Mine River project in Wicklow / Wexford, Ireland. HOLE 7 The results are from the company’s sixth and seventh drill holes of its diamond drilling programme. Hole 7 is an easterly step out from the visible gold […]
WGE intersects gold-silver at Stronchullin
Western Gold Exploration Ltd (WGE) intersected gold and silver at its Stronchullin prospect within the 3,253‐hectare property in Knapdale, Argyll. POTENTIAL The 2021 drilling programme is a follow-up to scout drilling completed in 2017‐2018 and deep overburden geochemical surveys undertaken in 2020. WGE reported an intersection in hole SD20‐13 of 19.20 g/t gold and 1.19 […]
Deltic to start 3D seismic over Cupertino
Deltic Energy plc is to start 3D seismic data acquisition over licence P2428, containing the Cupertino prospect, and surrounding areas in the southern North Sea. PARTNER The seismic vessel, under contract to ION Geophysical, has mobilised to site and is due to begin the survey on 11 September. The acquisition of approximately 700km2 of 3D seismic data, […]
Ascent targets H2 for first agreement on ESG mining
Ascent Resources plc said it was making progress on multiple fronts following last year’s restructuring of its board, strategy and portfolio of interests in Cuba and Slovenia. FINANCES In its interim results for the six months ended 30 June 2021, the company reported revenue of £nil with closing cash at £766,000 (H1 2020: £304,000). Losses for the period were […]
Altona to drill at Monte Muambe
Altona Rare Earths said it expected to start during September at its Monte Muambe project in northwest Mozambique. LISTING The company added that groundwork operations had started ahead of schedule and on 31 August the project manager and his team were in situ. Exploration drilling is expected to begin before the end of September, in […]