Power Metal Resources plc has identified a geophysical electromagnetic (EM) superconductor at its Molopo Farms Complex nickel-copper-platinum group elements project in Botswana. TARGET AREA T1-14 The identification at target area T1-14, which is now upgraded to priority status, will be diamond drilled in the coming weeks. Power Metal added that it was the strongest moving […]
Month: November 2024
Sunrise notes start of trenching at Pioche
Sunrise Resources plc said that a planned trenching programme was due to start this week at its Pioche sepiolite project in Nevada, USA. PROGRAMME Potential buyer, Spanish firm Tolsa USA Inc, which has an exclusive option to acquire the project, has received approval from the US Bureau of Land Management (BLM) for its proposed programme. […]
Altona on course for MRE-scoping study
Altona Rare Earths plc said it was on schedule to produce its inaugural mineral resource estimate (MRE) and scoping study for its 100% Monte Muambe project in Tete Province, northwest Mozambique. TARGETS The company is currently progressing reverse circulation (RC) drilling at its targets. For activities during the third quarter, Altona reported that drilling focused […]
Angus awards 175.5m share options to directors and staff
Angus Energy plc granted 175.5 million share options, representing 5.72% of the company’s issued share capital, to directors and staff. SALTFLEETBY The grant comes under the company’s existing employee incentive schemes. In February 2021, the remuneration committee proposed the share options, which the board approved as part of Angus’s share option grants. “This reflects the […]
Power Metal notes visible sulphide mineralisation
Power Metal Resources plc reported visible sulphide mineralisation in its first drill hole at the nickel-copper-platinum group element project at Molopo Farms Complex, southwest Botswana. DDH1-6B Drill hole DDH1-6B, within priority target area T1-6, marks the start of a 2,600m drill campaign. The company reached 576m and, after identifying visible sulphide mineralisation, will extend the planned target depth […]
Scotgold raises Q4 guidance and remains on target for output
Scotgold Resources Ltd has increased it production guidance after completing delayed work on power and ventilation at the Cononish gold-silver mine near Tyndrum in Scotland. PRODUCTION The Australian company’s report for the three months ended 30 September 2022 showed gold production of 2,004 ounces under September’s revised guidance. The new guidance followed delays to improve access, […]