First Class Metals plc (FCM) has begun a systematic exploration and mapping campaign at the Zigzag lithium project in the Seymour Lake area of northwest Ontario. OUTCROPS The company is targeting known exposures of pegmatite-hosted lithium mineralisation, alongside conducting sawn channel sampling along strike intervals across the exposed pegmatite outcrop. A further thirty-nine grab samples […]
Equipment & Logistics
Galantas first surface drill falls in predicted dilation zone
Galantas Gold Corp’s first drill hole in the new surface drill programme has fallen within a predicted dilation zone at the main Joshua vein in Cavanacaw mine, Omagh. POTENTIAL Dilation zones, first identified in the Kearney vein, have the potential for wider widths of mineralisation. Hole FR-DD-23-196 targeting a gap in the earlier resource model […]
Gold-in-soil anomalies support 8km Tati gold trend
Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources. CHERISHED HOPE The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence. Sampling and independent analysis for […]
Capricorn swings to loss as revenue and production fall
Capricorn Energy plc swung to a loss with decreases in production and revenue in the first six months of the year. COSTS The company posted losses of £62.2m (H1 2022: profit £40.8m) while revenue from production fell to $98.3m ($137.4m). Loss on other continuing operations of $58.3m includes unsuccessful exploration costs of $16.4m and general […]
Assays indicate new gold-in-bedrock target at Drumavaddy
A new gold-in-bedrock target has been indicated from a scout trenching and drill programme at Drumavaddy on the Slieve Glah project in County Cavan. ANOMALY Conroy Gold and Natural Resources plc and Turkish joint venture partner Demir Export SA completed a 90cm scout trench and two scout drill holes for a total 500m. The newly […]
‘Substantial’ copper-in-soil anomaly defined at Mukai
Tertiary Minerals plc has defined a substantial copper-in-soil anomaly from soil samples at the Mukai copper earn-in project in northwest Zambia. HIGH GRADE Analysis using a portable XRF instrument in the field of 526 soil samples showed the “large high-grade” anomaly with values in excess of a 160ppm copper across 1,300m by 400m. Peak soil […]