Tertiary Minerals plc has intersected widespread copper and zinc mineralisation at its Mushima North copper project in Zambia. ANOMALY Twenty-five holes were drilled to a maximum depth of 112m on three traverses at target A1, a copper-in-soil anomaly covering 3km north-south by 1.5km east-west, and one at C1. Multiple drill holes from the inaugural programme […]
Metals & Minerals
Power Metal formalises Oman copper earn-in
Power Metal Resources plc has finalised the formal binding terms of a proposed earn-in on the Block 8 copper concession in the Hazm area of northwestern Oman. SAMPLING Agreed with Alara Resources Ltd and Awtad Copper LLC, the company’s subsidiary Power Metal Arabia will spend up to US$740,000 for a 12.5% stake. Work will involve stream and Wadi sampling with […]
Oriole identifies gold mineralisation at Gamboukou
Oriole Resources plc has identified gold mineralisation from stream sediment sampling at Gamboukou within the district-scale Central Licence Package in the Adamawa region, central Cameroon. ENCOURAGED Of a total 407 samples, nine samples graded 10 parts per billion gold or more, and a highest value of 39ppb gold. The company said that the results were comparable […]
CMR issues three million shares to convert CLN
Critical Mineral Resources plc has issued 3,068,243 new ordinary shares of £0.01 each after receiving notice to convert the principal amount of a convertible loan note with unpaid interest, totalling £33,750.68. Following admission, the company’s enlarged issued share capital will comprise 83,867,102 ordinary shares. Of the total, 2,666,666 ordinary shares are in treasury with no […]
Golden Rose to undergo detailed review
Ormonde Mining plc’s investee in Canada has begun an analysis of the Golden Rose gold-copper project in the central Newfoundland gold belt. FUNDING Funded by 80% earn-in partner Eldorado Gold Corp, the detailed review will include assessment and verification of existing data before being infilled and updated. Project owner TRU Precious Metals Corp will begin on […]
Red Rock raises £200,000 via placing
Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]