Power Metal Resources plc uranium joint venture joint plans a diamond drilling programme at Drake Lake – Silas in the Central Mineral Belt of Newfoundland and Labrador, Canada. TARGETS The property covers two non-contiguous licences covering 1,250 hectares with the campaign beginning in June focused on the western licence of Drake Lake. Drilling in eight […]
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Metals’ NED-PCA buy 564,901 shares
Metals Exploration plc non-executive director Andrew Chubb and a person closely associated with him have purchased in total 564,901 ordinary shares of £0.0001 each at an average 6.14p per share. Mr Chubb acquired 315,743 shares in the company on 28 and 31 March and Victoria Chubb bought 249,158 shares on 28 March. Following the acquisition, both […]
Altona intercepts gallium at Monte Muambe
Altona Rare Earths plc said it had discovered high grade gallium mineralisation at Monte Muambe in Tete Province, northwest Mozambique. ECONOMICS The company intercepted gallium, of up to 232 g/t, along the entire length of hole MM039 located at the Northern End of the Fluorite Zone at target 6. The best intercept at MM039 was […]
Tertiary completes first Konkola West drill hole
Tertiary Minerals plc’s earn-in partner has completed drilling the first hole, short of the target horizon, at the Konkola West copper project in Zambia. POSITIVE Following “continued technical difficulties and limited advancement” operator KoBold Metals drilled hole KWDD001 to a down-hole depth of 2,711.1 metres. KoBold has the right to earn into the project by […]
Helium One JV spuds Jackson-29 at Galactica
Helium One Global Ltd’s partner has spud the Jackson-29 SWNW 3054 development well at the Galactica helium project in Las Animas County, Colorado, USA. READINGS Operator Blue Star Helium is currently preparing to drill intermediate hole section. “The shallow conductor section has been set and blowout preventers are being installed and tested, and the next […]
FCM chairman resigns in police investigation
First Class Metals plc’s non-executive chairman David Webster, also chairman of its largest investor The Seventy Ninth Group, has resigned following police fraud allegations about the group. COMPANY MOVES Mr Webster has also resigned as a director with the Ontario-focused explorer, a spin-out from Power Metal Resources plc. Companies House records that as at 31 […]