Cornish Metals has reported findings of 10.33% tin at depths of between 974.20 metres and 976.80m, including 39.60% tin from 975.77m, at South Crofty mine in Cornwall. The figures were released today in the company’s final set of assay results from its recently completed diamond drilling programme. Cornish Metals drilled hole SDD20-001 and two wedged daughter […]
Author: editorial
Conroy to increase drilling and search for deposits
Conroy Gold and Natural Resources plc said it would intensify drilling at its main project in Ireland over the next 18 months while extending its search for other gold deposits. Conroy Gold’s main development project is at Clontibret, Co. Monaghan which has joint resources of more than half a million ounces of gold, with a […]
Redmoor tin-tungsten shows rise in potential value
Cornwall Resources Ltd has received a positive updated mining scoping study and financial assessment on its planned tin-tungsten Redmoor project in the south east of Cornwall. MINE LIFE The company, 100% owned by Strategic Minerals, commissioned mining consultants Wardell Armstrong International for the report. Results showed the project now has an initial rate of return […]
Premier Oil planned deal with Chrysaor clears $2.7bn debt
Premier Oil is to be sold to Chrysaor in a reverse takeover which would solve the independent UK upstream company’s existing $2.7bn debt. The new company would have a combined production of over 250 kboepd (30 June 2020), combined 2020 H1 revenue of $1.76bn and H1 EBITDAX of $1.27bn, and operating costs of $10.5/boe in […]
Rathlin starts West Newton B-1 main borehole drilling
Rathlin Energy (UK) Ltd has started drilling at the onshore West Newton B-1 (WNB-1) well, following the West Newton A-2 (WNA-2) appraisal well (PEDL183), in East Yorkshire. The site operator will use a Drillmec HH 220 drilling rig to drill a borehole to an approximate depth of 2,000 metres and take six to ten weeks […]
Alba Mineral presses on at Clogau-St David gold mine
Alba Mineral Resources plc said it had made good progress with a range of works at Clogau-St David’s gold mine in the south of Snowdonia National Park. The junior miner has drilled four holes covering a total of 252 metres and received permission to continue underground drilling until the end of October 2020. Drilling at […]