Cora Gold Ltd aims to raise at least US$19.566 million comprised of equity and convertible loan notes to start developing its flagship Sanankoro gold project in southern Mali. TERM SHEET The funds are part of a mandate and term sheet for £30m with investor Lionhead Capital Advisors Proprietary Ltd, replacing one for $25m in September […]
Day: 15 November 2024
CRL anticipates government funds for Redmoor
Cornwall Resources Ltd said it expected to receive government funding in the future to develop its tin-tungsten project at Redmoor in Cornwall. POLICIES In December, the company applied to Cornwall and Isles of Scilly Council (CIS) for a grant from the Shared Prosperity Fund. Cornwall Resources said that regardless of whether its application was successful, […]
Horizonte awards mining services contract for Araguaia
Horizonte Minerals plc has awarded a five-year mining services agreement to secure services for mining, stock pile generation, plant feeding and slag handling activities at its 100%-owned Araguaia nickel project in Brazil. MINING FLEET The contract with Fagundes Construção e Mineração further de-risks the project and ensures that “operational costs will be in the lower […]
Galantas notes further solid grades in Kearney vein
Galantas Gold Corporation reported further positive results for three holes drilled from underground platforms within the Kearney vein at Cavanacaw in Omagh, County Tyrone. TARGETS Hole FR-DD-22-UG-192, targeted within the northern dilation zone, intersected 6.2 g/t gold and 46.6 g/t silver over an 11.1m intersection. This includes a higher grade section of 22.5 g/t gold […]
Conroy Gold plans step-out drilling for 2,000m at Clay Lake target
Conroy Gold and Natural Resources plc plans an eight-hole step-out drill programme for 2,000m on the Derryhennet section of its Clay Lake gold target in the Longford-Down Massif gold trend in Northern Ireland. CLAY LAKE The company’s joint venture Turkish partner Demir Export S.A. is conducting the programme at the target in County Armagh, which […]
Deltic finds ‘milestone’ gas-light oil at Pensacola
Deltic Energy plc reported a “substantial hydrocarbon column” discovery at the Pensacola prospect on the joint venture (JV) licence P2252 in the southern North Sea. HYDROCARBON COLUMN Deltic holds a 30% working interest in the project with Shell UK Ltd (operator 65%) and ONE-Dyas (5%). Well 41/05a-2 reached a total depth of 1,965 metres true […]