Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]
Tag: base metals
Power Metal signs contract for 2,600m Molopo drill
Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]
Kavango identifies two major drill targets at KCB licence, Botswana
Kavango Resources plc has confirmed two major drill targets at its Kalahari Copper Belt (KCB) licence PL082/2018 in Botswana. JOINT VENTURE The company is earning in a 90% interest in prospecting licences PL082/2018 and PL083/2018 covering 1,091km2. The licences are held in a joint venture with LVR GeoExplorers (Pty) Ltd. TARGETS The company identified the […]
Cornish Metals intersects high grade mineralisation at United Downs
Cornish Metals Inc said it had intersected multiple high grade copper-tin-zinc mineralised zones based on the remaining results from Phase I drilling at its United Downs project in Cornwall. TARGETS The results include those from the Mount Wellington and United Mines targets within the project which lies some eight kilometres east of the South Crofty […]
Kavango steps up search for JV partner following KSZ exploration report
Kavango Resources plc said it would accelerate its search for a joint venture partner following completion of the most comprehensive exploration programme on the Kalahari Suture Zone (KSZ) Botswana. SUMMARY The company will also continue geophysical surveys while preparing to drill the B Conductors in the project which focuses on discovering nickel-copper-platinum group element deposits. […]
Power Metal quickens to drill strong Molopo conductor
Power Metal Resources plc will bring forward its 2022 diamond drill programme after it identified a large magnetic conductor at its nickel-copper-platinum group element (PGE) project at Molopo Farms Complex, southwest Botswana. MAGNETIC CONDUCTOR The company completed two ground-based electromagnetic (EM) geophysics surveys, over areas hosting 2020-2021 diamond drillholes KKME 1-14 (K1-14) and KKME 1-6 (K1-6). Power […]