Chesterfield Resources plc has signed a new agreement to sell full ownership and rights over its Adeline copper project in Canada. TERMS The company had previously signed a conditional deal with Pacton Gold Inc which withdrew because of the “immense size” of the project. Today’s announced agreement will see Sterling Metals purchase an option for […]
Tag: copper
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
FCM increases strike length and potential at West Pickle Lake
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 […]
Chesterfield potential Adeline buyer withdraws
Chesterfield Resources plc plans to look for an alternative buyer for its Canadian copper project after its potential purchaser withdrew from a conditional acquisition. SCALE The company said that Pacton Gold Inc. did not wish to proceed with the deal on the previous terms, which would have seen Chesterfield receive C$1.25m (£804,000) and C$300,000 (£193,000) for […]
Caerus signs sale of Cyprus copper-gold assets
Caerus Mineral Resources plc has signed the share purchase agreement (SPA) for the sale of its copper-gold subsidiaries in Cyprus. TERMS The transaction includes payment in cash from purchasers PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd to Caerus of US$528,001 in stages. Closing of the deal will occur once Caerus has received the first […]
Tertiary receives improved soil samples results for Jacks copper
Tertiary Minerals plc reported that laboratory checks had enhanced previous provisional results of portable XRF (pXRF) analyses taken in the field on soil samples from the Jacks copper project in Zambia. RATIOS The company said that laboratory check multi-element analytical results for 107 soil samples from four sample grids showed “excellent correlation” with field pXRF […]