Cadence Minerals plc reported strong results from 12 completed holes out of a 19-hole drill programme at the Cínovec project in Prague. The company holds approximately 12% percent of the equity in the Australian site operator, European Metals Holdings Ltd (EMH), which has started work on the thirteenth hole. Cínovec lies on the border crossing with […]
Metals & Minerals
Cornish Metals receives $670,400 via warrant exercise
Cornish Metals Inc said it had received $670,400 after Barkerville Gold Mines, a wholly owned subsidiary of Osisko Development Corp, exercised 9,577,143 previously issued common share purchase warrants. The warrants were issued following Cornish Metals’ private placement financing completed on 3 February, 2020. As a result of the exercise, Barkerville now owns 53,833,333 common shares […]
RRAL granted three licences in Victoria gold fields
Red Rock Resources Australasia Pty Ltd (RRAL) said it had been awarded its first licences for a period five years in the gold fields of Victoria, Australia. LICENCES The licences include 133 km2 Blue Whale, south and east of Ballarat (EL007271); 74 km2 Blue Chip, west and south of Ballarat (EL007281); and 8 km2 Blue […]
Scotgold lowers output guidance
Scotgold Resources Ltd lowered its 2021 guidance for gold production, citing “teething problems” over handling issues and low recruitment due to pandemic restrictions imposed since 25 December. The company said that problems had occurred in three key areas of crusher circuit chokes, flotation circuit pumps and filter press controls at its Cononish gold and silver […]
Power Metal receives £107,213 via warrant exercise
Power Metal Resources plc has received £107,213 following notices to exercise warrants over 11,773,926 new ordinary shares of 0.1 pence each in the company. Exercise of 7,563,400 warrants was at 1.0 pence per ordinary share and 4,210,526 warrants at 0.75 pence per ordinary share. Following admission, the company’s issued share capital will comprise 1,087,181,372 ordinary shares […]
WCM submits licence variation to mine applications
West Cumbria Mining Ltd (WCM) has submitted two licence variations to applications for its proposed deep coal mine under the Irish Sea off the coast of Cumbria. DECISION On 15 January 2021, the Coal Authority received from the company an application for a conditional underground licence – variation for Whitehaven Offshore No.2 Area and for […]