European Green Metals Ltd (EGM) has been awarded a “highly prospective” three-year exploration licence covering several historic mining districts in the state of Saxony, Germany. FUNDING The Marienberg permit, covering 381km2 in southern Saxony, hosts several styles of mineralisation within the Marienberg-Pobershau, Annaberg-Buccholz and Seiffen mining districts. EGM said that the districts were mined, from […]
Tag: cobalt
Galantas looks to district scale potential at Gairloch
Galantas Gold Corporation said its latest drill results from the Gairloch project in Scotland confirmed the potential for a district-scale polymetallic project. MINERALISATION The Canadian company drilled the second exploration hole 23-GL-02 to a depth of 50 metres as a step back from hole 23-GL-01, testing the Kerry Road deposit. The drillhole intersected 1.88 g/t […]
Galantas finds cobalt-vanadium at Gairloch
Galantas Gold Corporation said it had discovered a range of metals including cobalt and vanadium in the first exploration drillhole at the Gairloch polymetallic project Wester Ross, Scotland. POTENTIAL The Canadian company, targeting the Kerry Road gold-bearing volcanogenic massive sulphide deposit, also found copper, silver, titanium and zinc. Hole 23-GL-01 intersected 2.87% copper, 0.77 g/t […]
Red Rock raises £535,800 via placement
Red Rock Resources plc raised £535,840 before expenses by placing 376,028,070 new ordinary shares each of £0.0001 in the company at 0.1425 pence per placing share. USES Following admission, the company’s total issued share capital will consist of 1,958,538,069 ordinary shares, each with one voting right. Red Rock holds no shares in treasury. Net proceeds will fund the company’s […]
Horizonte advances Araguaia ahead of production
Horizonte Minerals plc has advanced its Araguaia nickel project by completing the earthworks, 95% of detailed engineering and progressing electro-mechanical installations at the site in northeast Brazil. PREPARATIONS The company remains on schedule for production in Q1 2024 with 50% of the Araguaia Line 1 construction programme now complete, on budget, and 90% of the total capital […]
Corcel’s partner plans to buy 41% of Mambare
Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]