Golden Metal Resources plc has outlined a fresh high grade gold, silver and copper bedrock discovery on new claims at the Garfield project within the Walker Lane mineral belt in Nevada. PAMLICO The additional 26 claims, named the Pamlico gold zone, lie predominantly southeast and northeast of the High Grade zone, considered the “most compelling” target area […]
Month: December 2024
Cornish Metals appoints Samantha Hoe-Richardson as NED
Cornish Metals Inc. has appointed Samantha Hoe-Richardson to the board as an independent non-executive director, effective immediately. With a global mining, infrastructure and insurance background, Ms Hoe-Richardson is currently a NED of Kew Soda Ltd, Assured Guaranty UK Ltd, Ascot Underwriting Limited, 3i Infrastructure plc and independent group advisor on climate change and sustainability to Laing […]
Ascent consults lawyers over partner’s insolvency move
Ascent Resources plc is seeking legal advice after its Petišovci gas joint venture partner, and subject of an arbitration tribunal, began insolvency proceedings in Slovenia. CHALLENGES In October, the tribunal confirmed Ascent’s entitlement to proceeds above the baseline production profile from all wells in the concession area. Following partner Geoenergo d.o.o.’s move towards insolvency proceedings, […]
Helium One begins drilling Itumbula West-1 well
Helium One Global Ltd has begun drilling the Itumbula West-1 well, targeting two major fault zones and the Karoo Group, on the Rukwa licence in Tanzania. EVALUATION Having installed the new iron rough neck and completed hydraulic repairs, the company is currently cementing the 20″ conductor before drilling the 17.5″ hole section. An open hole […]
Oriole signs earn-in for Bibemi
Oriole Resources plc has signed a definitive earn-in agreement with BCM International Ltd for the 177km2 Bibemi orogenic gold project in Cameroon. SIGNIFICANT The transaction follows the heads of terms signed in November for the licence as well as a second at Mbe, for which an agreement is expected later this month. BCM’s US$4 million […]
i3 cuts emissions by 4% at Canada-UK operations
i3 Energy plc’s environment, social and governance 2022 report shows a reduction in emissions alongside expanding operations in Canada and the UK North Sea. ENVIRONMENT The group aims to be net zero by 2050 for scope 1 and 2 emissions, relating to direct greenhouse gas emissions from its owned or controlled sources such as those […]