Oriole Resources plc earn-in partner has completed 10 of 62 drill holes in the phase IV exploration programme at its 82.2%-owned Bibemi orogenic gold project in Cameroon. STUDIES The company said that multiple shallow-dipping, less than 45˚ from horizontal, and steeply dipping quartz and quartz-tourmaline veins, up to 2.40m wide, have been intersected. BCM International […]
Month: December 2024
CMR appoints Dominic Traynor as executive
Critical Mineral Resources plc has appointed non-executive chairman Dominic Traynor as executive chairman. Mr Traynor has been with the company for two years. CMR said that his appointment reflected his increased involvement in the company’s strategic management and corporate affairs in building a diversified portfolio of Moroccan exploration and development projects. Mr Traynor is also […]
Ormonde investee starts Golden Rose exploration
Ormonde Mining plc’s 36.2% investee has started copper-focused exploration at the Golden Rose project in western-central Newfoundland, Canada. PIPELINE TRU Precious Metals Corp will concentrate on the deposit-bearing Cape Ray – Valentine Lake Shear Zone. The programme aims to develop deeper understanding of the potential at Golden Rose, and ideally identify drill targets. In addition […]
FCM raises £85,000 via private placing
First Class Metals plc has raised £85,500 via a private placing of 3,035,714 ordinary shares of £0.001 par value at a 5.6% premium of 2.8 pence per placing share. AGREEMENTS Executive chairman and director James Knowles will loan a number of shares because the company has insufficient headroom to issue and admit the placing shares without a […]
Guardian strengthens management team
Guardian Metal Resources plc has appointed R Michael Jones as strategic advisor and Jeff Snyder as operations manager, with immediate effect. Mr Jones, currently chief executive officer of Next Step Power Corporation, was most recently CEO and president of Los Andes Copper Ltd. In the early 2000s, he co-founded and was CEO at Platinum Group Metals Ltd […]
Condor issues 1m shares in options exercise
Condor Gold plc has issued one million shares for a total £220,000 following notices to exercise options, from 2019, with an exercise price of 22p. The company issued 300,000 ordinary shares to Galloway Ltd and chairman Jim Mellon who will hold a total 53,402,480 ordinary shares, representing 26.12% of the company’s issued ordinary shares. Chief […]