Altus Strategies plc reported a new potential gold deposit at the company’s 100% owned Diba project in western Mali. The company said that the delineation of a significant and coherent, shallow-dipping and near-surface potential gold deposit (Diba NW) was located approximately 1.5km northwest of the primary Diba deposit. Ground geophysics and follow-up drilling at Diba […]
Metals & Minerals
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
Alba extends licence at Clogau-St David gold mine
Alba Mineral Resources plc has been granted an extension to its exclusive exploration licence over the Clogau-St David’s gold mine in north Wales. Alba’s subsidiary, Gold Mines of Wales Ltd (GMOW), was originally awarded a six-year exclusive exploration licence, termed an option agreement, with effect from 10 February 2015. The licence covers 107 km² encompassing […]
Condor Gold holds £8 million cash for La India
Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Geologists unite for £4m Deep Digital Cornwall
Mining exploration companies in Cornwall will collaborate in a £4 million programme to gather fresh geochemistry and geophysical data for a new centre in the county. PARTNERS Cornwall Resources Ltd, a subsidiary of Australian miner Strategic Minerals, has been chosen for the Deep Digital Cornwall (DDC) project funded by the European Regional Development Fund. The […]