Condor Gold plc has received all assay results from the first phase of infill drilling of 39 holes for 3,372 metres on the Mestiza open pit near La India project in Nicaragua. RESULTS Assay results include: 4.1 m true width at 15.23 g/t gold from 47.80 m (LIDC514) approximately 40m below surface. 3.6 m true width at 29.1 […]
Month: November 2024
Cairn completes acquisition of Egyptian assets
Cairn Energy plc has completed its acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt. VALUE The company and its consortium partner Cheiron Petroleum Corporation completed the purchase from Shell Egypt NV and Shell Austria GmbH (Shell). Cairn’s subsidiary, Capricorn Egypt, acquired 50% of […]
Cairn appoints Eleanor Rowley as MD, Egypt
Cairn Energy plc has appointed Dr Eleanor Rowley as managing director, Egypt. The move follows the company’s acquisition of assets in the Western Desert. Dr Rowley was previously vice-president exploration at TotalEnergies for the Middle East, Caspian, North Africa and Southern Europe.
Erris Gold proposes new board members
Erris Gold Resources Ltd has proposed new independent and non-executive directors for the board. The appointments include chief executive officer and director Aiden Lavelle; chief financial officer and director Alan Mooney; executive director David Hall; non-executive director (NED) Mick Oliver (chairman); NED Paul Foord (financial): NED Dr Richard Jemielita (technical) and financial advisor / consultant […]
Erris notes highest grade boulder sample at Loch Tay
Erris Gold Resources Ltd has recorded its new highest grade boulder sample result of 97.4g/t gold at its precious metals project within the Loch Tay licence in Perthshire, Scotland. SAMPLES A full screen metallic analysis of a recent large boulder sample assayed 29.7 g/t compared with 20.1g/t Au from the initial grab sample near the […]
IOG raises £8.5m via placing-subscription
IOG plc raised £8.5 million through a placing and subscription of 33,800,000 new ordinary shares each at a price of 25 pence with existing and new investors. BOARD AND PDMR Certain directors and persons discharging managerial responsibilities (PDMRs) have entered into direct subscription agreements with the company for a total of 200,000 shares raising approximately […]