Block Energy plc has started drilling its third Project I development well WR-34Z in Georgia. AGGRESSIVE PLAN Project I is the development of the Middle Eocene oil reservoir in the West Rustavi-Krtsanisi field Well WR-34Z is part of the development of the 3.01 MMbbl gross 3P reserves, with a net present value of US$57 million. Block […]
Month: December 2024
Kavango signs two more Zimbabwe gold options
Kavango Resources plc has signed an exclusive six-month option to acquire two further gold exploration projects in Matabeleland, southern Zimbabwe. HILLSIDE The company said the Hillside and Leopard projects each had the potential to host bulk mineable gold deposits. Hillside comprises 40 contiguous gold claims and contains a historic high-grade underground mine, reported to have […]
Anglesey Mining raises £500,000 via placing
Anglesey Mining plc has raised £500,000 via a placing of 33,333,329 new ordinary shares with certain institutional and other investors at a price of 1.5 pence per share. JUNO LIMITED Majority shareholder Juno Ltd converted debt for equity by subscribing for up to 6,950,000 new ordinary shares, capped at pro-rata ownership level. Following the placing, […]
Hummingbird has strong first half at Yanofila
Hummingbird Resources plc has reversed its fortunes with strong first half production from Yanfolila gold mine in southern Mali. PRODUCTION The company’s Q2 2023 operational and trading report showed an increase to 23,885 oz gold produced in Q2 2023 (Q2 2023: 20,013 oz). Total H1 2023 gold produced reached 51,147 oz (H1 2022: 35,561 oz). […]
Sunrise notes resource definition drill at Pioche
Sunrise Resources plc’s partner has started of resource definition drilling at the Pioche sepiolite project in Lincoln County, Nevada, USA. OPEN PIT Spanish subsidiary Tolsa USA Inc’s provisional 24-drillhole programme involves drilling by a truck-mounted auger drill to planned average depth of 50ft. Sunrise said that shallow drilling reflected the surface and near surface position […]
Alba starts dewatering lower Llechfraith
Alba Mineral Resources plc has begun dewatering the Lower Llechfraith workings containing the primary gold target within the Clogau-St David’s mine system in North Wales. GEOPHYSICAL SURVEYS The company added it expected to start safety works this week. However, unmanned aerial vehicle (UAV) geophysical survey flights planned over the wider Dolgellau gold exploration project are […]