Power Metal Resources plc’s joint venture has defined a new target area at the Perch River uranium project within the Athabasca Basin in Saskatchewan. SURVEYS The company and partner UCAM Ltd completed helium, hydrogen, radon and soil geochemistry surveys to delineate the Rapids target. The new area consists of “multiple overlapping geochemical and radon anomalies” within a […]
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South Crofty concept target could increase MRE
Cornish Metals Inc. said it had developed a “near mine exploration target” with the potential to add six to 13 million tonnes resource at the South Crofty tin project in Cornwall. GENERATIONS The quantity and grade are “conceptual in nature” and without sufficient data for mineral resource classification but the target demonstrates the “potential to […]
Oriole awards 166.7m share options
Oriole Resources plc has granted in aggregate 166,700,000 share options to directors and certain members of staff for securing the BCM International Ltd earn-ins and as incentives. DIRECTORS’ DEALINGS The options have an exercise price of 0.33 pence per ordinary share, representing a 14% premium. Equivalent to 4.28% of Oriole’s current issued share capital, […]
Wressle JV to submit GHG emissions analysis
The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority rescinded its earlier planning permission as the companies anticipated. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire […]
Alba acquires Tanzania gold options
Alba Mineral Resources plc has acquired an option to earn into a portfolio of gold licences, including “near-term” production opportunities, in northern Tanzania. VALUE The move follows the company’s signing an option last week for the Finnsbo rare earth project in eastern Sweden. Alba said that the Tanzanian licences were in the same district as […]
Karelian appoints Brendan McMorrow as chairman
Karelian Diamond Resources plc has appointed non-executive director Brendan McMorrow as non-executive chairman with immediate effect. Mr McMorrow, who became a board NED in November 2018, replaces founder and executive chairman Professor Richard Conroy who died last month. Karelian is exploring for diamonds in Finland and copper, nickel and platinum group metals in Northern Ireland.