Cornish Tin secretary Christopher Mcmellon steps down

EnQuest to cut more than 500 North Sea jobs

EnQuest announced it will make 530 redundancies in its North Sea operation to make savings of £241million ($300m) following the slump in demand and in oil prices. The industry’s body Oil and Gas UK has warned that it expected as many as 30,000 job losses across all companies to go as a result of the […]

Golden Metal targets potential ‘large-scale’ copper zones

Golden Metal Resources plc reported potential large scale porphyry and skarn type copper mineralised bodies on two previously identified anomalies at the Garfield project in Nevada. MINERAL SYSTEM The Power Line and High-Grade zones have undergone detailed geochemical analysis since their discovery in May. Within the northeast of High-Grade, findings show a hornfels zone with tellurium and […]

Altus doubles landholding with new gold licence at Tabakorole

Altus Strategies plc has increased its landholding by 56% to 292km2 at the joint venture (JV) gold project at Tabakorole in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project. Exploration activities at Tabakorole are being funded by JV partner Marvel Gold Ltd. […]