Scotgold Resources Ltd said its new approach of long hole stoping was “performing well and in line with management’s expectation” at the Cononish gold and silver mine near Tyndrum in Scotland. CONSISTENT During the first week of April, the company changed its plans from extracting ore via level development and cut-and-fill stoping, following poor gold […]
Month: November 2024
Scotgold targets up to £2m in further fundraise
Scotgold Resources Ltd aims to raise £1.5 to £2 million via an open offer and a subscription for its operations at Cononish gold and silver mine near Tyndrum in Scotland. OPEN OFFER Existing shareholders can subscribe for up to 10,065,262 new ordinary shares of 15 pence to raise up to a maximum of £1.5m. Directors participating include […]
Hummingbird progresses Yanfolila-Kouroussa
Hummingbird Resources plc maintained steady performance at its Yanfolila gold mine in Mali while remaining on schedule for first gold pour at Kouroussa, Guinea. CONTRACT Results for Q1 2023 showed production continuing from the end of the previous year with 27,262 ounces (Q4 2022: 28,264: Q1 2022: 15,548). Q1 2023 all-in sustaining cost (AISC) from […]
UKOG finds oil shows in Pinarova-1 well
UK Oil & Gas plc (UKOG) said it had encountered oil shows in drill cuttings from 300 to 400 metres depth in the Pinarova-1 exploration well within the target Eocene Hoya limestone in Turkey. SWAB TESTING The company’s joint venture aims to discover whether the Pinarova structure is connected to an underlying 9km2 light oil […]
Deltic looks to bright future in developing gas assets
Deltic Energy plc said its future looked “extremely bright” as it moves into the development phase of its offshore gas interests in the southern North Sea (SNS). STRATEGY In audited results for 2022, chief executive Graham Swindells added the company expected to conduct appraisal work on Pensacola and Selene wells, “each of which will be […]
JOG issues 600,000 share options
Jersey Oil & Gas plc (JOG) has granted options over a total 600,000 ordinary shares of 1p each, at an exercise price of 247.50 pence per ordinary share, to its directors, senior management and employees. EXECUTIVE DIRECTORS Chief executive officer Andrew Benitz received 150,000 options, taking his total options held to 800,000. Chief financial officer […]