Hummingbird Resources plc said it was encouraged by results from diamond core drilling at the Bukon Jedeh ‘gold camp’, part of the Dugbe gold project in southern Liberia. LITHOLOGY Situated 8km southeast of the Tuzon deposit, Bukon Jedeh lies along a 4.1km trend known for its “highly productive artisanal gold mining operations”. The company, which […]
Day: 17 September 2024
UKOG repays more of £2m loan
UK Oil & Gas plc has repaid a further £55,000 of its loan by issuing a further 244,444,444 shares to investors RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. The balance now stands at £310,000 of the original £2m loan. Following admission, UKOG’s total voting rights will be 4,348,502,750 ordinary shares.
Oriole improves Mbe anomalism definition
Oriole Resources plc said infill soil sampling had “significantly” improved the definition of previous gold-in-soil anomalism at its 80%-owned Mbe gold project in Adamawa, Cameroon. ROBUST Mbe is one of five licences within the company’s package of contiguous exploration licences, of the Eastern Central Licence Package covering 2,266 km2. Earn-in partner BCM International Ltd, funding up […]
Cadence investee begins Bynoe augur sampling
Cadence Minerals plc investee has started initial augur sampling in its next round of field work at the Bynoe lithium project in the Northern Territory, Australia. PRIORITY Evergreen Lithium Ltd’s programme follows approval in May of its mine management plan, allowing high impact exploration activities. Samples will be analysed in the field using portable X-ray […]
Beacon finds ‘poor’ initial response at Erfelden
Beacon Energy plc said it was yet to stabilise rates after a poor initial reservoir response from the Schwarzbach 2(3.) (SCHB-2) sidetrack in the Erfelden field, Hessen. DATA Sand jetting operations completed in February to stimulate the well before production restarted with the rod pump. SCHB-2 began from the original well bore at a depth […]