Galantas Gold Corporation received gross proceeds of CAD$503,600 after receiving notices to exercise by the company’s former president and chief executive. The early exercise of 920,000 warrants was at an exercise price of CAD$0.33 by G&F Phelps Ltd, a company wholly owned by Roland Phelps. The company received a further notice to exercise 500,000 warrants […]
Day: 15 November 2024
Neptune spuds Adorf Z17 gas appraisal well
Neptune Energy has started drilling its operated Adorf Z17 gas appraisal well to a depth of some 4,600m in Georgsdorf, northwest Germany. OPERATIONS Rig operator KCA Deutag expects to reach the target depth in October 2022. KCA Deutag will remove an estimated 1,000 tonnes of CO2 emissions from the drilling operation by using power from […]
Hummingbird increases gold estimates
Hummingbird Resources plc said it had materially increased its company reserves from 1.12 million ounces to 4.13Moz and resources by 8% to 7.28Moz for its three gold projects in West Africa. PROJECTS The company’s assets comprise Yanfolila in Mali ; Kouroussa in Guinea including an inaugural ore reserve at the Kinkine deposit and higher-grade ore […]
Orcadian to raise £1 million via placing
Orcadian Energy plc said it is to raise £1 million gross through the placing of 2,857,143 ordinary shares to certain institutional and other investors at a price of 35 pence per share. DIRECTOR DEALING Chief financial officer Alan Hume has subscribed for 228,571 placing shares for £80,000, taking his total held to 4,036,960, representing 6.1% of the enlarged […]
Cornish Metals drill rig moves to South Crofty
Cornish Metals Inc said it had completed the drill programme at United Downs and moved the drill rig to South Crofty at its tin-copper-zinc project in Cornwall. PROGRAMME The news comes as the Canadian company reported multiple zones of mineralisation intersected at the underexplored target of Trenares. In addition, the company drilled eight drill holes […]
Cornish Metals finds multiple polymetallic zones at Trenares
Cornish Metals Inc said it had found multiple zones of tin, zinc, silver with minor copper mineralisation in the underexplored area of Trenares at the United Downs project, Cornwall. TRENARES The Canadian company is focused on South Crofty underground tin project through to delivery of a feasibility study, as well as exploring its additional mineral […]