Guardian Metal Resources plc confirmed extended “high grade gold mineralisation” from trenching results at Golconda Summit in the Walker Lane mineral belt, northern Nevada, USA. ZONES The November 2024 sampling totalled 527 metres across 10 trenches in the ‘Trench’ and ‘Thrust’ zones. The programme’s objective was to confirm high-grade structures identified by previous operators and test […]
Metals & Minerals
Tertiary nears 3,000m in Konkola West drillhole
Tertiary Minerals plc’s earn-in partner is approaching the deeper-than-planned drill depth of 3,000 metres in the first hole at the Konkola West copper project in Zambia. GROUND-BREAKING The company said that operator KoBold Metals Company had drilled past 2,600m in hole KWDD001 and was drilling in the Kitwe Formation, which forms the upper part of […]
Power Metal signs SPA for 29.7m Guardian shares
Power Metal Resources plc’s uranium portfolio partner has become the largest shareholder in spin-out Guardian Metal Resources plc after signing a legally binding sale and purchase agreement. INVESTOR Announced earlier this month, UCAM Ltd has bought from Power Metal 29,758,334 shares in tungsten-focused Guardian and warrants over 986,352 ordinary shares for £9,225,083.91 before costs. UCAM now holds 23.45% […]
Red Rock pursues DRC arbitration
Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]
Karelian raises £323,075 via placing-subscription
Karelian Diamond Resources plc has raised a total gross £323,075 via a 37.5% discounted placing and subscription to a total 43,076,667 new ordinary shares each at 0.75 pence. USES The placing for 34,066,667 ordinary shares of €0.00025 each, raised £255,500 while the subscription for 9,010,000 ordinary shares at the issue price raised £67,575. Each placing […]
Fermi acquires Fortin River uranium project
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has acquired the Fortin River project in northern Saskatchewan, Canada. MOMENTUM The company said that preliminary geophysical data indicated the potential presence on the 3,859 hectares (38.59 km2) site of a 1.7 km wide meteor impact crater. Power Metal noted that such targets were known for unconformity-related uranium mineralisation elsewhere […]