Lower than expected gold grades and potential lack of funds threaten Scotgold Resources Ltd’s future at Cononish mine, said the company. DECLINE OF GRADES The Australian miner has altered its plans from extracting ore via level development and cut-and-fill stoping to “cost effective and efficient extraction of ore” with long hole stoping in Q2 2023. […]
Day: 15 November 2024
Oriole completes Mbe geophysics
Oriole Resources plc has completed a ground-based geophysics programme over the main gold target at Mbe as it awaits multi-element analysis from lithium targeting on Ndom, within the Eastern Central Licence Package (CLP) in Cameroon. DRILL TARGETS The programme was over the entire gold-anomalous zone at the Mbe licence to test the local and regional […]
Perenco pipeline spillage to be investigated
Assessments have started on the major incident involving 200 barrels of reservoir fluids spilling from a Perenco-operated pipeline under Ower Bay in Poole Harbour, Dorset. OPERATIONS Pool Harbour Commissioners (PHC) announced yesterday that some of the escaped small reservoir of fluid, comprising approximately 85% water and 15% oil, had been recovered. “The pipeline was shut […]
Alba must supply more data for permits
Alba Mineral Resources plc needs to give further information to the regulatory authority on its applications to continue work at Clogau-St David’s gold mine and for Dolgellau gold exploration in north Wales. LLECHFRAITH In November 2021, Natural Resources Wales (NRW) refused permission for water transfer and discharge permits and a European Protected Species (EPS) licence for […]
Union Jack looks to positive 2023 at Wressle
Union Jack Oil plc started 2023 with a positive trend for the Wressle onshore oil joint venture, recording material net revenues in excess of $14 million since production restarted. ZERO WATER CUT The company holds a 40% economic interest in licences PEDL180 and PEDL182 on the western margin of the Humber Basin. Partners include operator […]