Ormonde Mining plc plans a 36.2% controlling investment, with an option for a further 10%, in a Canadian explorer of a gold-copper asset with “world-class” potential in Newfoundland. CAPITAL The company said that the acquisition, subject to Ormonde shareholder approval, is via a private subscription for 60 million new common shares of TRU Precious Metals […]
Tag: copper
Chesterfield mulls new investments
Chesterfield Resources plc is considering investing in a “new area of activity” as its optioned partner begins 2,000 metre drilling at the Adeline copper project in Labrador, eastern Canada. EXPLORATION The company, with projects in Cyprus and Canada, last year underwent a change of management, appointed a new executive chairman and began cutting costs. Its […]
Anglesey nears first Northern Copper zone infill drill
Anglesey Mining plc has started preparations for the first infill drilling in nearly 50 years into the Northern copper zone (NCZ) at Parys Mountain on the Isle of Anglesey. EXTENSIONS The company has begun the design, planning and logistics to drill six holes for 3,700m to infill portions of the current resource and verify historical […]
Tertiary adds Mupala to copper portfolio
Tertiary Minerals plc has expanded its Zambia copper interests with a new mineral exploration licence at Mupala. COMPETITION Mupala sits on the west side of the Kabompo Dome in the prospective Domes region of northwest Zambia, host to multiple producing copper and nickel mines. Initial four-year licence 32139-HQ-LEL lies 12km west of the company’s Mukai […]
Tertiary to use extensive data Konkola West exploration
Tertiary Minerals plc’s local earn-in partner Mwashia Resources has received extensive geophysical data to aid exploration on the 72km2 Konkola West copper exploration project in Zambia. KOBOLD The data was collected in 2021 by KoBold Metals, whose shareholders include Breakthrough Energy Ventures, founded by Bill Gates and backed by Jeff Bezos, Sir Richard Branson and […]
Golden Metal’s targets add ‘significant potential’ to Pilot
Golden Metal Resources plc has identified three “significant” exploration targets which could increase the resource potential for its flagship Pilot Mountain tungsten project in Nevada, USA. ZONES Results from a high-resolution induced polarisation geophysics survey showed undrilled targets of Desert Scheelite parallel west zone; Porphyry depths zone; and Desert Scheelite east extension zone all within the Walker Lane […]