Kavango Resources plc has begun a new phase of drilling to explore the potential for a “large-scale underground gold mine” at its Nara project in Matabeleland, southern Zimbabwe. STRUCTURE Equity Drilling Zimbabwe will drill an initial three holes for 1,500m to test for laterally extensive gold mineralisation across “multiple” mineralised shears, or reefs. Nara contains […]
Metals & Minerals
CMR sets up JV trading arm in Morocco
Critical Mineral Resources plc has agreed a joint venture to trade mined metals and industrial minerals from Morocco. EXPERTISE The 70-30% deal is with “a Moroccan trading company” which has access to sources of mined materials and international customers. Both partners will also “source metal and mineral concentrates and raw ores” before arranging delivery to […]
British Lithium founder leaves Imerys JV
Cornwall-based joint venture Imerys British Lithium Ltd has reported the resignation of two of its directors. Companies House recorded that, on 12 November, Roderick Smith and Peter Long no longer held the posts. Australian Mr Smith founded British Lithium Ltd, which processed lithium carbonate from Cornish granite on Imerys’ land. Mr Smith’s son, Andrew, resigned […]
Oriole begins inaugural drilling at Mbe
Oriole Resources plc has started an inaugural diamond drilling campaign to confirm the orientation of mineralised zones at its Mbe orogenic gold project in the Adamawa region of Cameroon. MILESTONE Mbe is one of five licences within Oriole’s wider package of contiguous exploration licences, named the Eastern CLP, which covers 2,266 km2, prospective for gold […]
Tertiary begins drilling at Brunton Pass
Tertiary Minerals plc has started an additional drilling programme in its portfolio of licences with operations at the Brunton Pass copper-gold project in central Nevada, USA. UNPARALLELED The company plans four reverse circulation percussion drill holes each to an average depth of 350 to 400 metres. Tertiary said that two holes holes would test for […]
Power Metal CEO purchases 200,000 shares
Power Metal Resources plc chief executive officer Sean Wade today purchased 200,000 ordinary shares of 2 pence each in the company for a total £24,780.81. The acquisition was for 12.375p per share. Following the transaction Mr Wade has 938,235 shares, representing 0.82% of Power Metal.