Panther Metals plc has sold its 18,223,306 shares in Panther Metals Ltd for net proceeds of £219,000 (AUD421,328). STRATEGY Chief executive Darren Hazelwood said that the company’s exit was not a reflection of the Australian company. “Our own strategy is clearly focused on making a transformative discovery on our own highly prospective portfolio, as that […]
Metals & Minerals
Cora indicates possible massive gold system at Tambor
Cora Gold Ltd said that drilling results indicated gold mineralisation associated with a possibly massive system on the Tambor gold anomaly at Madina Foulbé in the Kenieba project area, east Senegal. BEDROCK Completed reconnaissance reverse circulation drilling on 10 targets was at a shallow depth into the underlying bedrock on the 3km long by 1.6km […]
FCM increases loan to £500,000
First Class Metals plc has more than doubled its loan for exploration in northern Ontario from the Seventy Ninth Group. KERRS The new loan agreement increases the original figure from £230,000 to £500,000 and will be drawn in a single tranche, repayable on 25 May 2025 at 15% interest. Seventy Ninth, which previously purchased McKellar […]
Conroy to raise £259,000 in discounted fundraise
Conroy Gold and Natural Resources plc is to raise £259,000 via a 27% discounted placing and subscription for a total 5,452,631 ordinary shares in the company. DIRECTORS The placing raised £87,500 through the issue of 1,842,105 new ordinary shares of €0.001 each at a price of 4.75 pence. The subscription of 3,610,526 new ordinary shares […]
Guardian returns ‘best’ tungsten intercept at Pilot
Guardian Metal Resources plc reported “outstanding” tungsten mineralisation from a further 12 drill holes at Desert Scheelite within the Pilot Mountain project in Nevada, USA. GLOBAL The results from drill core samples for holes PM24-002 to 013 follow those returned in mid-September from assays of diamond drilling. The company said it believed that the intersection would […]
Panther identifies 500m conductor at Dotted Lake
Panther Metals plc has delineated an electromagnetic plunging conductor with a 500m strike length at its 100% owned Dotted Lake project on the Schreiber-Hemlo greenstone belt in Ontario, Canada. TARGETS The “very compelling” target is one of two parallel conductors identified following completion of independent 3D geophysical modelling and interpretation of airborne geophysical survey datasets. […]