Cora Gold Ltd reported potential for large-scale gold mineralisation from reconnaissance reverse circulation drill results on its Madina Foulbé exploration permit in East Senegal. ZONE The permit holds four key target areas and lies within the Kenieba project area. In May the company completed drilling 40 shallow RC holes for 2,018m on the Tambor gold […]
Month: December 2024
Corcel chairman to step down
Corcel plc non-executive chairman Antoine Karam is to leave the post as part of further changes at the company. His interim replacement will be independent non-executive director Andrew Fairclough. Interim chief executive Scott Gilbert has assumed a permanent role and will join the board as an executive director on completion of regulatory checks. Non-executive director Deepak […]
Cornish Metals progresses South Crofty
Cornish Metals Inc has started the second phase of refurbishing the New Cook’s Kitchen shaft at South Crofty tin mine in Cornwall. DEWATERING Operations will include installation of the phase II work platform to enable faster replacement of old shaft timbers with new steel guides. In parallel, the Canadian company is maintaining the water level […]
Galantas looks to solar power for Cavanacaw
Galantas Gold Corporation has agreed in principle with its former chief executive’s plans for solar power at the Cavanacaw gold mine in Omagh, County Tyrone. WIN-WIN Shareholder G&F Phelps Ltd, controlled by Roland Phelps, proposes to develop a two-megawatt facility with battery storage. Galantas expects the project to boost significantly power generation on site and […]
NAE sells Lochinvar coal licences
New Age Exploration Ltd has sold its Lochinvar coking coal project on the England-Scotland border to Paladar Trading Ltd. STRATEGIC NAE, which last year announced it was in talks for a deal, signed a binding share sale agreement for 100% of the issued capital of its wholly owned subsidiary Lochinvar Coal Ltd. Lochinvar holds contiguous […]
UKOG raises £500,000 via discounted placing
UK Oil & Gas plc has raised £500,000 via a 28% discounted placing of 3,333,333,333 new ordinary shares at 0.015 pence per share. The total number of voting rights in the company is 8,167,456,073. Proceeds will first repay in full the balance of the convertible funding facility with RiverFort Global Opportunities PCC Ltd and YA […]