Red Rock Resources plc said it had paid $1 million of its obligation to Kansai Mining Corporation Ltd towards completing the purchase of the remaining interest in the Mikei gold project in Kenya. The outstanding amount of $1,500,000 will be in the form of an issue of 101,550,000 new ordinary shares of 0.01p in the […]
Author: editorial
Hurricane looks at further options for Lancaster field
Hurricane Energy plc announced it had ruled out drilling during summer 2021 and was looking at three other options for further activity on its 100% owned Lancaster field. In December 2020, the offshore hydrocarbon company, focused on naturally fractured basement reservoirs, said it would engage with its stakeholders including an ad hoc group of convertible […]
Altus makes notable gold grade intersections at Tabakorole
Altus Strategies plc said it had made significant broad and high-grade intersections from reverse circulation (RC), aimed to increase mineral resource, at the Tabakorole gold project in southern Mali. Exploration activities at Tabakorole are funded by Australian miner Marvel Gold Ltd under its joint venture (JV) with Altus, which holds a 49% equity interest and […]
Conroy Gold raised €1m as losses increased in H1 2020
Conroy Gold and Natural Resources plc has recorded increased losses while raising more than €1 million for its mining projects on either side of the Irish Border and in Finland. In its unaudited results published last Friday (26 February) for the half year ended 30 November 2020, loss after taxation for was €703,294 (six-month period […]
Cora to start largest drill campaign at Sanankoro
Cora Gold Ltd today announced it would start its largest single drill campaign at its flagship Sanankoro gold project in the Yanfolila gold belt, southern Mali. The $3.7 million programme will be for an initial 22,000 metre reverse core, diamond drilling which has been awarded to Capital Drilling Mali SARL. Cora said it expected the drilling to reach […]
Egdon submits plans for Biscathorpe side-track well
Egdon Resources UK Ltd has submitted a “thorough and robust” planning application to Lincolnshire County Council for a conventional B-2Z side-track appraisal well at Biscathorpe. JOINT VENTURE The application submitted last Friday (26 February) includes side-track drilling operation, associated testing and long-term production of hydrocarbons at the Biscathorpe-2 wellsite in licence PEDL253. Drilling is planned […]