Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]
Tag: copper
Caerus analyses show high grade Cu mineralisation at Troulli
Caerus Mineral Resources plc’s trenching and sampling of residual metals have revealed “very high grade visible copper mineralisation” at the Troulli project in Cyprus. ANALYSES More than 100 separate XRF* analyses within the Troulli run-of-mine (ROM) stockpile show peak grades from 17.6% Cu to 4.5% Cu, with the average grade achieved to date of 6 […]
Altus receives first royalty payment from Caserones copper mine
Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
Anglesey to start first drill since 2012 at Parys
Anglesey Mining plc said it would in early November start the first drill programme since 2012 at its copper-zinc-lead project at Parys Mountain, Anglesey. PROGRAMME The company has engaged Irish Drilling for a minimum nine-hole programme for 2,750m designed to provide additional information for the planned feasibility study in 2022. Anglesey said that around 78% […]
Chesterfield applies for further Cyprus copper licences
Chesterfield Resources plc has applied for new licences while recent diamond drill holes intersected further mineralisation at the company’s copper project in Cyprus. LICENCES The four additional mineral exploration licences, targeting copper and gold, total a further 9.29 km² containing known mineralisation. The areas include “significant historic exploration, together with under-explored target areas” said the company. […]
Power Metal stakes additional claims at Garfield
Power Metal Resources plc has staked eight further claims after identifying new copper anomalies at the Garfield copper property in the Walker Lane mineral belt in Nevada, USA. ADDITIONAL CLAIMS Analysis of recent satellite imagery of Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) and European Space Agency Sentinel-2 datasets identified two strong anomalies prospective for […]