Caerus Mineral Resources plc expects to transform from an explorer to a developer and miner in 2022 as it released drill and trench copper and gold analyses at Troulli in Cyprus. RESULTS The company added that drilling had delineated an economically viable gold oxide zone for near-term development with peak drill intercepts including 1.4g/t Au over […]
Month: November 2024
Hummingbird resumes 24-hour operations at Yanfolila
Hummingbird Resources plc announced it had resumed 24-hour operations and lowered production guidance from its Yanfolila gold mine in Mali. SECURITY After a stoppage of approximately six days, the company said it was in the process of returning the mine to a more normalised level of production. Increased security is in place but has caused […]
New Ballarat starts inaugural diamond drill in Victoria
New Ballarat Gold Corporation plc (NBGC) has started its inaugural diamond drill and added a new 489km2 exploration licence in the Victoria gold fields, Australia. NEW LICENCE The joint venture company is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat owns 100% of local operating subsidiary Red Rock Australasia Pty […]
Power Metal raises £112,000 via warrant exercise
Power Metal Resources plc raised £112,000 after receiving notices to exercise warrants over 16,000,000 new ordinary shares of 0.1 pence each in the company. 2019 WARRANTS The warrant shares are being issued pursuant to the exercise of 16,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each. Power Metal said that the warrants exercised were issued […]
Galantas identifies potential dilation zone in Joshua vein
Galantas Gold Corp has identified potential greater widths of mineralisation as it announced further high grade results from its 4,000m drill programme at Cavanacaw mine in Omagh, Northern Ireland. INTERSECTIONS The Canadian company is increasing high-grade resources at the Joshua and Kearney veins, which remain open on strike and to depth, while also producing gold. […]
Cora Gold advances DFS for Sanankoro
Cora Gold Ltd said it was making excellent progress with the definitive feasibility study (DFS) ahead of £25 million funding for the Sanankoro gold project in southern Mali. WORK PROGRAMME Cora added that hydrogeological and geotechnical drilling programmes, as well as geotechnical test pits, have begun on site which lies in the Yanfolila gold belt. […]