Cora Gold Ltd said it had started 7,500m resource drilling at its Sanankoro gold project in southern Mali. OBJECTIVES The programme will focus on enhancing the current mineral resource estimate of 809.3 koz at 1.15 g/t Au. The company said there was strong potential for deposits with all deposits open at depth and along strike. […]
Month: November 2024
Scotgold ex-CEO and director leave the board
Scotgold Resources Ltd has announced that Richard Gray and Phillip Jackson will stand down from the board with immediate effect. Mr Gray was the company’s CEO for seven years and was instrumental in bringing the Cononish mine into production. Mr Jackson was chairman of the audit committee and was on the board for more than […]
Scotgold appoints Evan Spencer as NED
Scotgold Resources Ltd has appointed Evan Spencer as non-executive director and chairman of the technical committee to the board with immediate effect. Mr Spencer has held senior roles with Barrick Gold, Western Mining Corporation, Placer Dome, Kagara Corp, Gold Fields Ltd and Aditya Birla Minerals. He led the increase and production of the Ban Phuc […]
Scotgold appoints Sean Duffy as chief financial officer
Scotgold Resources Ltd has appointed Sean Duffy as chief financial officer (CFO) and to the board with immediate effect. Mr Duffy has more than 25 years of finance experience in the mining industry. He was previously CFO and company secretary for Adriatic Metals plc, Black Dragon Gold, Asian Mineral Resources and Anglo Asian Mining plc. […]
Altus executes sale of Toura nickel-cobalt project
Altus Strategies plc has completed the sale of its wholly-owned Toura nickel-cobalt licence application in western Côte d’Ivoire. TERMS The sale and purchase agreement, executed with Firering Strategic Minerals plc, will give Altus a gross revenue royalty of up to 1.0% on nickel and cobalt sales and pay the company €15,000. TOURA The project comprises […]
Cadence completes 27% investment in Amapá
Cadence Minerals plc said it had now vested its 27% of the Amapa iron ore project in Brazil. SECOND STAGE The company completed all necessary documents for its second stage of investment to acquire a further 7% (US$3.5m) of Pedra Branca Alliance (PBA). PBA is the Cadence and IndoSino (73%) joint venture company, which owns […]