Power Metal Resources plc said its conditional acquisition company had received government co-funding for up to A$165,000 for the Wallal gold-copper project in the Paterson region of Western Australia. WALLAL The project is wholly owned by First Development Resources Pty Ltd (FDR Australia) which Power Metal is working to acquire. The licences cover 572km2 and include E45/5816 – Wallal Main […]
Day: 15 November 2024
Cora Gold final drill shows 3.4km ore body at Sanankoro
Cora Gold Ltd said that the final set of drill results from its largest ever 40,000m+ drill campaign showed continuous 3.4km long ore body in the Selin deposit at the Sanankoro gold project in southern Mali. RESULTS Intercepts from the results include: 18m @ 2.32 g/t Au from 86m in hole SC1051 18m @ 2.29 g/t […]
Altus receives first royalty payment from Caserones copper mine
Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
UKOG looks to new strategy after Arreton appraisal refused
UK Oil & Gas plc (UKOG) plans to switch to international, geothermal and hydrogen projects after being refused permission to appraise and test the Arreton oil and gas discovery on the Isle of Wight. RESEARCH Arreton lies within the 200 km² PEDL331 in which the company holds a 95% operated interest and a two-year extension July […]
Anglesey to start first drill since 2012 at Parys
Anglesey Mining plc said it would in early November start the first drill programme since 2012 at its copper-zinc-lead project at Parys Mountain, Anglesey. PROGRAMME The company has engaged Irish Drilling for a minimum nine-hole programme for 2,750m designed to provide additional information for the planned feasibility study in 2022. Anglesey said that around 78% […]