Oriole Resources plc said it continued exploration ahead of identifying drill targets at its 90%-owned Wapouzé gold project in Cameroon. PROGRAMME RESULTS During Q4 2021, the company completed a soil sampling programme over the southwest extent of the Wapouzé licence. Oriole also completed five trenches for 2,524m over previously-identified soil anomalies at the Bataol Zone […]
Month: November 2024
Oriole drilling delivers bonanza gold grades at Bibemi
Oriole Resources plc announced bonanza gold grades from the completed Phase III diamond drilling programme at its 90%-owned Bibemi gold project in Cameroon. RESULTS The programme focused on infill and extensional drilling for 1,385.4m in nine holes at the Bakassi Zone 1 prospect which is one of four at the project. The company said that results […]
Chesterfield to drill further at Westland trend
Chesterfield Resources plc said it had started planning additional drilling on the Westline gold system and further exploration on the Limni South gold oxide project in Cyprus. CAMPAIGN The company’s field geologists are also planning a methodical mapping and sampling campaign. This will test the prospectivity of “several promising licence blocks” on the company’s 95km2 holding.
Chesterfield raises £700,000 in placing and subscription
Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share. Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing […]
Chesterfield board member Peter Damouri to step down
Chesterfield Resources plc announced that Peter Damouri will step down from the board. The company said that Mr Damouri had accepted a senior executive function elsewhere. He invested £100,000 in Chesterfield in the latest funding round and will continue to be closely associated with the company as an advisor.
Hummingbird JV nears completion of Dugbe FS
Hummingbird Resources plc said that Pasofino Gold Ltd expects to complete the feasibility study (FS) in April 2022 for the Dugbe joint venture (JV) gold project in Liberia. GOLD RECOVERIES The FS confirms gold recoveries of between 85% and 91%, depending on whether carbon-in-leach (CIL) or CIL with flotation circuit is selected. Hummingbird added that […]