Karelian Diamond Resources plc has started follow-up exploration programme focused on excavation and drilling in the Kuhmo region of eastern Finland. TARGETS The company said that operations were located “up-ice” of its green diamond discovery. A total of 38 kimberlite targets have been identified from drone-based aeromagnetic data combined with kimberlite indicator sampling results and […]
Month: December 2024
Cornish Metals grants 11m share options to executives and senior staff
Cornish Metals Inc has granted 11 million incentive stock options over common shares in the company to executive management and senior staff. PDMRs The exercise price is £0.18 per share, the same as the investment price paid by Vision Blue Resources in the May 2022 fundraise of £40.5m. Chief executive officer Richard Williams received 2.4m […]
Galantas MRE shows 77% rise in contained gold oz
Galantas Gold Corporation reported a 77% increase in total contained gold ounces in a revised mineral resource estimate (MRE) for Cavanacaw mine in Omagh, Northern Ireland. ROBUST The Canadian company’s revised NI 43-101-compliant MRE is based on 42 additional drill holes and a complete review of the previous vein wireframe interpretations. Consultants Micon International Ltd’s […]
Capricorn’s payment from Sangomar first oil at risk
Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. SPA AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it […]
Hartshead-RockRose complete seabed survey
Hartshead Resources NL and joint venture partner RockRose Energy Ltd have completed a geotechnical survey to determine seabed conditions of the Anning and Somerville gas fields. SUITABILITY Soils information from the cores will feed into the engineering design of platform anchor points and location of the jack-up drilling rig over the platforms. Analysis results of […]
Tullow adds second well at Jubilee South East
Tullow Oil plc has produced more than 100,000 bopd after bringing on stream a second well at the Jubilee South East (JSE) project, offshore Ghana. CASH FLOW The company said that both the JSE wells were performing in line with expectations and increased production rates by 50% compared with the first half of 2023. Two […]