Corcel plc has competed acquisition of survey data on block KON-16 in the Kwanza Basin, onshore Angola. PROSPECTIVITY Metatek Group began operations for the enhanced full tensor gradiometry survey (eFTG) in June. Following processing and interpretation of the data during Q4, the company will ascertain how to develop the prospectivity of the 1,000km2 block. The data […]
Equipment & Logistics
Kavango starts Zimbabwe funding initiative
Kavango Resources plc has launched a new capital investment and financing programme with an initial £2 million convertible note to advance its Zimbabwe interests. RIGS The CLN with major shareholder Purebond Ltd will define mineable gold resources and acquire plant and equipment for larger scale production at the Hillside gold project. Production at the new […]
Red Rock opts for lower cost sea freight
Red Rock Resources plc said a rise in air freight rates had led it to transport testing and production equipment by sea to its Bilbale and Boulon gold projects in Burkina Faso. LOGISTICS Containers have been loaded ahead of ships setting sail, although maritime rates have also increased. Initial earth moving and trucking equipment, generators […]
Beacon finds ‘poor’ initial response at Erfelden
Beacon Energy plc said it was yet to stabilise rates after a poor initial reservoir response from the Schwarzbach 2(3.) (SCHB-2) sidetrack in the Erfelden field, Hessen. DATA Sand jetting operations completed in February to stimulate the well before production restarted with the rod pump. SCHB-2 began from the original well bore at a depth […]
WGE plans geophysical surveys at Lorne
Western Gold Exploration Ltd (WGE) plans geophysical surveys on the Lorne porphyry district in Argyll following completion of its 2023-2024 drilling campaign. MINERALISATION The programme revealed a new copper-gold prophyry centre at the Ardlochan target and extended porphyry mineralisation > 800m westwards at the Lagalochan prospect. Both prospects lie on the Lorne Fault Zone and […]
Beacon sidetrack rig delayed for Erfelden
Beacon Energy plc said that mobilisation of the drilling rig has been delayed by approximately two weeks for the SCHB2 sidetrack in the Erfelden field. TIMELINE The rig, originally scheduled for mid-April, is currently contracted to a third-party operator for well operations some 50km from the company’s site. Beacon plans to begin side track operations […]