Scotgold Resources Ltd began long hole stoping yesterday with the first blast in the eastern section of the 430 West drive at its Cononish gold and silver mine near Tyndrum in Scotland. LONG HOLE STOPING The operations follow poor gold grades encountered at the 430 West ore drive, prompting the company to alter its plans […]
Day: 15 November 2024
Scotgold secures $500,000 and defers £450,000 loan interest
Scotgold Resources Ltd has secured a US$500,000 advance and deferred payment of £450,000 on loan interest to help with short-term working capital for the Cononish gold-silver mine. BRIDGE BARN The arrangements follow the company’s rise in debt and losses as well as fears for its immediate survival from lack of funds and poor gold grades. […]
PHC recovers 6t contaminated materials from oil leak
An estimated 160,000 litres of oily/water mix and more than six tons of contaminated beach/soil material and contaminated PPE have now been recovered following the Perenco pipeline oil leak under Ower Bay in Poole, Dorset. CONTAINMENT Poole Harbour Commissioners are leading the clean-up operation from the major incident on 26 March involving approximately 200 barrels […]
Arkle shareholder increases holding to 6.32%
Arkle Resources plc noted that shareholder Andrew Batchelor has increased his shares in the company. He now owns 25 million ordinary shares, representing 6.32% of the issued share capital with voting rights compared with 20 million shares or 5.06% previously. Arkle’s website shows that the company’s largest shareholder is Jim Nominees Ltd with 64,764,583 shares (16.38%).
Serica reserves rise from Triton infill wells and Bruce well work
Serica Energy plc announced an increase in oil and gas reserves based on results of independent estimates for the company and its acquisition Tailwind. RESERVES As at 31 December 2022, pro-forma proved plus probable (2P) reserves had risen to 130.4 mmboe compared with 104.0 mmboe on 31 December 2021. The net increase is more than […]
Tertiary outlines 2023 copper exploration at Mukai
Tertiary Minerals plc has outlined its 2023 exploration programme for copper and nickel at the Mukai project in northwest Zambia. MUKAI Mukai lies within 27066-HQ-LEL, covering 55.4km2 and located 125km west of Solwezi. The project is in the Domes region of the Zambian copper belt and next to First Quantum Minerals (FQM)’s major copper mines. Tertiary […]