Power Metal Resources plc has completed the sale to First Class Metals Ltd (FCM) of its 100% owned Schreiber-Hemlo interests in Ontario, Canada. WORKING CAPITAL Power Metal chief executive Paul Johnson said that the transaction was the first completed corporate disposal/spin-out for the company which would hold a significant interest in FCM. “Our corporate disposal/spin-out developments […]
Day: 15 November 2024
Condor expects La India FS in early 2022
Condor Gold plc said that progress had been made on studies in support of a feasibility study (FS) expected during Q1 2022 for its La India gold project in Nicaragua. ADDITIONAL DRILLING The FS is for La India open pit and associated mine site infrastructure. Condor added that a review of the initial round of […]
United Oil & Gas directors’ dealings
United Oil & Gas plc directors have purchased ordinary shares of 1p each in the company in the market. The five directors are as follows: Director’s name and position Date of purchase Number of Ordinary Shares purchased Price paid per Ordinary Share purchased Total number of Ordinary Shares held following purchase Total as percentage of […]
Chesterfield applies for further Cyprus copper licences
Chesterfield Resources plc has applied for new licences while recent diamond drill holes intersected further mineralisation at the company’s copper project in Cyprus. LICENCES The four additional mineral exploration licences, targeting copper and gold, total a further 9.29 km² containing known mineralisation. The areas include “significant historic exploration, together with under-explored target areas” said the company. […]
United starts production at ASX-1X oil well in Abu Sennan
United Oil & Gas plc has started production from the commercial discovery declared at the ASX-1X oil exploration well in the Abu Sennan licence, onshore Egypt. ASX-1X The ASX-1X well is the second exploration well to be drilled in 2021 on the Abu Sennan licence in which United holds a 22% interest. The company received […]