Serica Energy plc has suspended production until mid to late March from the Triton FPSO because of issues resulting from last month’s Storm Éowyn. IMPROVEMENT The company said that on 24 January, sea spray triggered the fire and gas detection system, causing an automatic production shutdown of operations. Production restarted on 28 January but “minor […]
Author: editorial
Conroy begins ‘robust’ 3D model for Clontibret
Conroy Gold and Natural Resources plc has begun work on a “more robust” 3D geological model at the Clontibret gold deposit in County Monaghan, Ireland. ANTIMONY Current relogging on more than 16,000 metres of drill core has so far completed the cross sections in the existing deposit. The company has also nearly completed portable XRF […]
Guardian issues 321,229 shares
Guardian Metal Resources plc has issued 321,229 new ordinary shares of one pence each following an exercise over warrants at 17p per warrant share for £54,608.93. Following admission, the company’s issued share capital will comprise 126,893,841 ordinary shares of 1p each. The figure will represent the total voting rights in Guardian.
Power Metal JV notes uranium target at Tait Hill
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has identified a “significant intrusion-related’ target at the Tait Hill property just outside the Athabasca Basin in Saskatchewan, Canada. PROMISING Results from sampling by the JV with UCAM Ltd confirmed a “well defined” 1km by 500m target, the ‘Antler Zone’, initially identified from historical survey data. […]
31 Explore acquired by Katoro Gold
Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]
Sunrise notes ‘extensive’ sepiolite beds at Pioche
Sunrise Resources plc has identified “extensive sepiolite beds” based on exploration data now received from its former earn-in partner Tolsa at the Pioche sepiolite project in Nevada, USA. TARGETS The Spanish company’s work since June 2022 included geological mapping, trenching, surface sampling, 20 auger drill holes, 10 sonic drill holes and specialist testing results for […]