Prospex Energy plc said it expected a change in fortunes in the new year as its joint venture partner nears construction on the Podere Gallina licence within the Selva gas field in the Po Valley region of northern Italy. PREPARATIONS The company holds a 37% working interest in the licence and Australian operator Po Valley Energy […]
Month: November 2024
Arkle JV completes Stonepark drill campaign
Arkle Resources plc’s joint venture partner has completed the three remaining holes of a drill campaign at the Stonepark zinc project in Limerick, Ireland. CARRICKITTLE WEST Operator Group Eleven Resources Corp drilled a total six holes in the original 2022 programme. The three completed holes were funded earlier in the year from Arkle’s cash resources. […]
Condor Gold to sell La India
Condor Gold plc is selling the company’s flagship La India open pit project in Nicaragua. MINE EXPERTISE La India comprises 588 km2 of 12 contiguous and adjacent concessions. The open pit is de-risked and nearly ready for construction which will take 18 months from receipt of project financing. The company aims to sell the project […]
Helium One changes rig company
Helium One Global said that third-party legal complications, affecting time and availability, had prompted it to choose a new company for the drilling rig at its 100% owned Rukwa licence in Tanzania. EXHALO DRILLING RIG The company is on course to begin the Phase II drilling programme in Q1 2023. Helium One had previously chosen […]
Galantas appoints Micon to revise Cavanacaw MRE
Galantas Gold Corporation has appointed Micon International to produce a NI 43-101-compliant mineral resource estimate (MRE) for its Cavanacaw gold project in Omagh, Northern Ireland. DRILLING CAMPAIGN The Canadian company last year completed its largest exploration programme of more than 4,100 metres, since the 2014 resource estimate. The new MRE will also include drill results […]
Reabold directors buy 56.8m ordinary shares
Reabold Resources plc directors today purchased in total approximately 56.8 million ordinary shares of 0.1p in the company. DEALINGS Co-chief executive Stephen Williams purchased 10,660,744 ordinary shares each at an average price of approximately 0.27 pence per share. Mr Williams’ spouse; 7,000,000 ordinary shares each at 0.295 pence. Co-chief executive officer Sachin Oza; 25,644,236 ordinary […]