Galantas Gold Corporation plans to drill an initial 600-metre extension targeting the Kerr zone and deeper extensions of the Joshua vein at the Cavanacaw mine in Omagh, Northern Ireland. UNDERGROUND DRIVES The Canadian company will drill the under-explored area between the Joshua and Kearney veins, approximately 300m north and on strike of the Kerr surface […]
Month: November 2024
Two Capricorn NEDs decline re-election
Capricorn Energy plc non-executive directors Erik B. Daugbjerg and Catherine Krajicek will not seek re-election at the company’s next general meeting. Both were sitting NEDs while the company underwent a change of management following the failed NewMed merger. Mr Daugbjerg and Ms Krajicek will retire immediately following the meeting on 20 June 2023. “On behalf of […]
Oriole targets $1m to develop CLP gold licences
Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]
UKOG tests for light oil accumulation in Pinarova-1
UK Oil & Gas plc has started testing its working hypothesis that the Pinarova-1shallow oil exploration well is connected to an underlying accumulation at the site in Turkey. OPERATIONS The 50-50 joint venture with operator Aladdin Middle East involves drilling a 12¼ inch diameter hole down to the first casing point at a depth of […]
Block signs MoU to develop West Rustavi
Block Energy plc has signed an agreement for government to support the company’s operational development, particularly the concept of a long-term offtake agreement at West Rustavi in Georgia. MEASURES The memorandum of understanding with the Ministry of Economy and Sustainable Development covers initiatives during Projects I, II, III and IV. Measures include data sharing, co-operation and […]
Anglesey Mining prepares EIA for Parys
Anglesey Mining plc expects to submit an environmental impact assessment (EIA) and revise existing permissions for its Parys Mountain copper-zinc-lead-gold-silver project. LEGISLATION Changes in the Town & Country Planning Act and environmental legislation have been made since the company received approval for several existing planning permissions, valid until 2028. To gain consents for the former […]