Cornwall Resources Ltd said that a drill and crews shortage might delay its four-hole drill campaign on a previously identified tin prospect, west of the Redmoor tin-tungsten-copper project. HIGH ACTIVITY Parent company Strategic Minerals plc reported that high activity in the region by other companies had led to a lack of machinery and personnel. Cornwall […]
Day: 15 November 2024
UKOG to farm out Loxley appraisal well
UK Oil & Gas plc will conduct a pre-planned farm-out programme for the Loxley gas appraisal project in Surrey. PRUDENT UKOG added that the farm-out for PEDL234 would see the prospective partner carry either all or part of the costs. “The company believes that this is the most prudent course of action to both manage […]
UKOG to raise further funds for Basur-1 seismic
UK Oil & Gas plc (UKOG) said it would need to raise further funds for its joint venture (JV) partner to shoot further unbudgeted seismic at the the Basur-1 oil discovery on the Resan licence in Türkiye. FINANCES UKOG added that a longer-than-expected seismic acquisition period over winter had also required additional previously unbudgeted working […]
Power Metal receives £78,947 via warrant exercise
Power Metal Resources plc has received £78,947 from an exercise of warrants. The company received notice to exercise warrants over 10,526,315 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share. Following admission, the company’s issued share capital will comprise 1,513,259,765 ordinary shares of 0.1p each.
Power Metal assesses drill targets at Pilot
Power Metal Resources plc said it had started assessing priority targets for drilling at its Pilot Mountain tungsten-copper-silver-zinc project in Nevada, USA. STRUCTURE The company’s subsidiary (83.13%) Golden Metal Resources owns 100% of the Pilot Mountain, Garfield and Stonewall projects and a right to earn-in to a 100% interest in the Golconda project. Golden Metal […]
Cora Gold increases MRE by 14% for Sanankoro
Cora Gold Ltd announced a total increase of 14% for its revised mineral resource estimate (MRE) at the Sanankoro gold project in southern Mali. MRE The company also reported a 22% increase in oxide indicated mineral resources from 419koz to 509koz. Cora Gold added that the MRE, at a cut-off grade of 0.4 g/t Au, […]