Galantas Gold Corporation has started mobilisation for a drill programme at its recently acquired Gairloch precious and base metals project in Wester Ross, Scotland. PROGRAMME The target is a volcanogenic massive sulphide (VMS) gold-copper-zinc deposit exposed at surface and one of the oldest known Besshi deposits. The Canadian company’s initial 800-metre programme at Kerry Road […]
Month: November 2024
IGas approved for new oil site near Glentworth
IGas Energy plc has received permission for an initial oil appraisal well followed by up to six horizontal development wells at its new site near Glentworth, Lincolnshire. PHASE I The county council approved the plans, submitted at the end of 2022, for phase I and phase II of operations. IGas’ proposals faced opposition from the […]
BGS identifies potential ‘critical minerals’ mining areas
Large parts of the United Kingdom have potential prospectivity for ‘critical raw materials’, according to the British Geological Survey (BGS). AREAS North and southwest England, Scotland, northwest Wales and Northern Ireland are key areas “particularly worthy” of more research. The BGS identified parts of Cumbria; the North Pennine ore field; Pembrokeshire; southwest England; an area […]
Block sees ‘robust’ start to 2023 from West Rustavi
Block Energy plc said it had a “robust start” to the year from its onshore oil and gas operations in West Rustavi, Georgia. OPERATIONS For the three months ended 31 March 2023, the company produced 36 Mboe (Q4 2022: 34.4 Mboe) or an average of 400 boepd (Q4: 374 boepd). Th total comprised 26.8 Mbbls of oil […]
United extends sale date for Maria discovery
United Oil & Gas plc has extended the long stop date over the conditional sale of its licence P2519 containing the Maria oil discovery in the Central North Sea. SALES AGREEMENTS In January 2023, the company signed the £5.7 million asset purchase agreement (ASA), dependent on financing, with Quattro Energy Ltd for conditions to be […]
Corcel’s partner plans to buy 41% of Mambare
Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]