First Class Metals plc (FCM) reported an increase in strike length to more than 600m following assays at the company’s West Pickle Lake polymetallic project in Ontario, Canada. TRENDING STRUCTURE The company has previously reported high grade intercepts from assays of its 2022 drill programme. FCM today added that the increased strike length remained open […]
Tag: cobalt
Galantas expands into Scotland with Gairloch VMS project
Galantas Gold Corp has acquired exclusive rights to explore and develop the gold-bearing volcanogenic massive sulphide (VMS) deposit at Gairloch in Wester Ross, northwest Scotland. GAIRLOCH The project adds to the company’s existing Cavanacaw gold mine asset in Omagh, Northern Ireland. The 217 km² mineral licence, on land owned by the Gairloch Estate, covers the […]
Horizonte submits environmental studies for Vermelho
Horizonte Minerals plc has submitted environmental studies for its 100%-owned Vermelho nickel-cobalt project in northeast Brazil. PRELIMINARY LICENCE The company completed the environmental and social impact assessment (EIA) and the associated Relatório de Impacto Ambiental (RIMA) for the Pará State Secretariat for Environment and Sustainability (SEMAS). Horizonte said it hoped to receive approval for the EIA/RIMA […]
FCM reports further high grade intercepts at West Pickle Lake
First Class Metals plc (FCM) reported further high-grade drillhole intercepts from the West Pickle Lake massive sulphide discovery in Ontario, Canada. JOINT VENTURE The Pickle Lake project area comprises 33 single cell mining claims over which Palladium One Inc has the option to earn in to an 80% interest subject to a three-year work programme commitment. […]
Power Metal plans Wilan merger to reach Mount Isa
Power Metal Resources plc is extending its Australian copper reach in a planned merger of its Wilan project with two companies holding other exploration licences in Queensland. LISTING The Wilan project comprises two exploration licences covering a total 1,994km2. Power Metal has signed a heads-of-terms to combine Wilan with projects held by Australian companies RAB […]
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]