Golden Metal Resources plc has expanded its Garfield project in Nevada to investigate further a possible buried copper porphyry system. HISTORICAL The company staked an additional 44 claims over 3.68km2 (900 acres) which cover additional copper anomalies and take the overall project to 9.18km2 (2,268 acres). The expansion follows the company’s confirmation earlier this month of […]
Month: December 2024
Orcadian signs non-binding farm-in for Earlham
Orcadian Energy plc has signed a non-binding heads of agreement for a farm-in on its southern North Sea licence containing the Earlham discovery. LOAN The deal also covers a potential redevelopment project to blow down the decommissioned Orwell gas field. The licence holds Earlham with a P50 contingent resource of 114 bcf sales gas, the […]
Cornish Metals extends South Crofty acreage
Cornish Metals Inc has purchased 7.7 acres to accommodate future site works immediately next to surface infrastructure at its South Crofty tin project in Cornwall. NORTH WINDER The area, lying between New Cook’s Kitchen shaft and the existing surface land containing the water treatment plant, increases the Canadian company’s total holding to 28.5 acres (11.5ha). […]
Oriole receives $220,000 from Turkey legacy assets
Oriole Resources plc said it had received US$220,000, with a further $80,000 later this quarter, from its interests in the Turkish gold mining projects of Hasançelebi and Doğala. PARTNER The company will use the total sum for exploration in Cameroon. The original 2019 deal saw the company’s local subsidiary sign a $1.38 million exploration agreement […]
Tertiary encouraged by Konkola West drilling
Tertiary Minerals plc’s first drill hole has to date reached a depth of 1,023 metres at the Konkola West copper earn-in project in Zambia. HORIZONS Partner KoBold Metals continues drilling KWD001, targeting the ore-shale hosting copper mineralisation found at the Konkola-Lubambe copper mines and nearby Mingomba deposit. Tertiary said that KoBold had intersected a number […]
Capricorn investors to vote on share reduction
Capricorn Energy plc shareholders will this week vote on a proposed share consolidation and a special 43p dividend of a total US$50 million. PRICE The company said that the consolidation ratio for the share consolidation would be 62 new ordinary shares for every 79 existing ordinary shares held at the record time. The nominal value of the new ordinary shares […]