Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]
Author: editorial
JOG’s new analysis shows 50% increase in Buchan estimate
Jersey Oil & Gas (JOG) announced that a new analysis showed a “significant” increase in 2C contingent resource estimate for the Buchan oil field within the Greater Buchan Area (GBA) in the Central North Sea. BUCHAN FIELD The independent upstream hydrocarbon company reported 126 million stock tank barrels (MMstb) of the P50 estimate of technically recoverable […]
Condor Gold completes La India ground investigation
Condor Gold plc said it had completed a ground investigation programme comprising 23 geotechnical drill holes and 58 test pits at La India gold mine project in Nicaragua. The company is moving the project from a pre-feasibility level of design to final engineering designs on key infrastructure ahead of the mine’s construction. The ground investigation […]
Altus takes on gold exploration licences in Eastern Desert, Egypt
Altus Strategies plc announced it would be awarded a number of gold exploration licences in the Eastern Desert of Egypt. AGREEMENTS The Egyptian Mineral Resource Authority (EMRA) will make the award to the company’s 100% owned subsidiary, Akh Gold Ltd. Altus said it was working with EMRA over entering into the definitive exploration licence agreements. […]
Power Metal raises £97,737 via warrant exercise
Power Metal Resources plc said it had received £97,737 subscription monies following notices to exercise warrants over 12,631,578 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 12,631,578 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 […]
Premier Oil proposes Alexander Krane as CFO
Premier Oil plc announced the appointment of Alexander Krane as chief financial officer from 15 April, following the company’s merger with Chrysaor. He will replace Richard Rose who is due to resign as interim chief executive officer and finance director on the same date. Mr Krane has more than 20 years’ experience in accounting, controlling […]