Chesterfield Resources plc said it had identified further significant gold-rich and polymetallic mineralisation in a 12km geological trend at its Troodos West project in Cyprus. WESTLAND TREND The company added that its 2,078m diamond drilling in late 2021 had notably enhanced the prospectivity at three target areas of Orchard, Evlim and Evlim South. Assay results […]
Tag: copper
Power Metal progresses Nevada projects
Power Metal Resources plc has progressed its tungsten-gold-copper-silver projects in Nevada, USA. PRIORITY Through its majority-owned subsidiary Golden Metal Resources Ltd, the company owns the Pilot Mountain, Golconda, Garfield and Stonewall projects. Golden Metal aims to be independently listed on the London markets during Q2 2022. Desktop analysis at Pilot Mountain has identified several high-priority tier 1 and tier 2 […]
Red Rock drill results exceed expectations at Luanshimba
Red Rock Resources plc said results from reverse circulation (RC) drilling exceeded its expectations at the Luanshimba copper-cobalt project in the Haut-Katanga Province, Democratic Republic of Congo. PROGRAMME The Luanshimba project is operated by Red Rock Galaxy SA , an 80% owned Congolese subsidiary of Red Rock. Three prospects now named as Kilembwe (18 holes), […]
Cornish Metals signs further mineral lease at South Crofty
Cornish Metals Inc said it had signed an additional mineral lease to extend its copper-tin exploration area at South Crofty in Cornwall. TERMS The agreement with Sir Ferrers Vyvyan of Trelowarren covers 222 hectares and is valid for 25 years. The Canadian company will pay an annual rent, plus a tin price-based sliding scale net […]
Power Metal encouraged by inaugural drill at Haneti
Power Metal Resources plc said it was encouraged by the technical and geological success of its first diamond drill programme on the nickel-copper-cobalt-platinum group element Haneti project in central Tanzania. PROGRAMME The joint venture (JV) between Katoro Gold plc (65%) and Power Metal (35) drilled 900.04 metres across three holes. Operator Katoro has started core logging and […]
Anglesey Mining plans move to AIM
Anglesey Mining plc said it looked for greater flexibility and potential tax benefits for investors in its proposed move to the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). STRATEGY Anglesey also proposes cancelling admission of the company on the premium segment of the Official List and to trading on the LSE’s main […]