IOG plc said it expected to continue drilling at Southwark in March after unstable conditions due to seabed scouring forced a suspension of operations in January. SEABED PADS The company said that experts had defined the forward plan with the rig owner’s agreement. “This essentially entails creating pads on the seabed with suitable sized rocks […]
Month: November 2024
Conroy Gold notes widest intercept to date at Clontibret
Conroy Gold and Natural Resources plc noted the widest intercept yet from drill results at Clontibret gold deposit in Ireland. DRILL HOLES During 2021, the company’s joint venture (JV) partner and operator Demir Export A.S. drilled holes TW001 and TW005 as part of its due diligence programme prior to the JV agreement. TW001 TW001 confirmed […]
Oriole partner to exercise option for 70% in Senala
Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]
Power Metal prepares for Wallal drill contractor
Power Metal Resources plc has completed a desktop study and survey ahead of negotiations for a drill contract at its gold-copper Wallal project in the Paterson Province, Western Australia. LICENCES The company’s portfolio is through First Development Resources Ltd (FDR) and includes the Wallal tenements, Braeside West and Ripon Hills projects. Power Metal has a current effective interest of […]
Court ruling allows UKOG to continue oil production at Horse Hill
UK Oil & Gas plc said that a court ruling has allowed it to continue oil production at Horse Hill in Surrey for the rest of the field’s commercial life. COURT OF APPEAL The company added that the Court of Appeal had refused an appeal by Finch et al to overturn the December 2020 Judicial […]
Power Metal receives £111,139 in options exercise
Power Metal Resources plc has raised £111,139 after receiving notices to exercise options by a former director. The exercise of options is over 11,113,929 new ordinary shares of 0.1 pence each in the company at an exercise price of 1.0 pence per new ordinary share.