Cornish Lithium has been granted licences to explore for lithium within the geothermal waters in areas off the north and south Cornish coasts. GEOLOGICAL STRUCTURES The Crown Estate, which manages the seabed and most of the foreshore around England, Wales and Northern Ireland, granted the rights in the Minerals Licensing Round. Yesterday’s decision follows a […]
Metals & Minerals
Botswana SJV completes initial orientation for REEs
The rare earth elements 50-50 strategic joint venture between Kavango Resources plc and Power Metal Resources plc has completed the first stage of orientation work at Ditau Camp, Botswana. The work included geophysical and geochemical surveys at the site covering two prospecting licences of PL169/2012 and PL010/2019. Power Metal said that orientation work was conducted […]
Red Rock looks to ‘dynamic’ 2021
Red Rock Resources plc said it planned dynamic exploration and active local engagement following years of preparations as it reported a higher profit following a loss for the previous period. Group profit before tax was £5,156 million for the year ended 30 June 2020 compared with £1,724m for the previous year. The company, with interests […]
Power Metal starts RAB drilling at Haneti
Power Metal Resources plc announced it had started its first drill at the nickel-copper-PGM Haneti project in central Tanzania. HANETI The project covers some 5,000km2 in central Tanzania and comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold. Power Metal holds 35% interest and Katoro Gold plc holds 65%. TARGETS The programme […]
Power Metal delineates very high grade Ag at Silver Peak
Power Metal reported it had delineated very high grade silver at the Silver Peak project in British Columbia, Canada. The company managed to complete six diamond drill holes, each at an average of 12 feet, and collect rock chip samples using man-portable equipment before the snows fell at the end of November. Weather conditions made […]
Oriole awaits drill results of Hesdaba epithermal gold
Oriole Resources plc reported the completion of the first phase of a diamond drill programme at Hesdaba epithermal gold project in Djibouti in the Horn of Africa. The company, which has an 11.8% interest in operator Thani Stratex Djibouti Ltd, said the site team had drilled an additional 321.50m in three holes, and 1,884m reverse circulation […]