United Oil & Gas plc has signed a €2.165 million conditional sale of its Selva gas interests in Italy assets to Prospex Energy plc. RESERVES United’s subsidiary holds a 20% non-operated interest in the Podere Gallina licence, containing the gas development project, in the Po Valley region. Prospex will acquire 100% of the subsidiary, effective […]
Tag: extractive industries
Caerus completes acquisition of Cyprus licences
Caerus Mineral Resources plc has completed the acquisition of Gold Mines (Cyprus) Ltd (GMCL) for £300,000. FUNDS The purchase was funded by the recent disposal of the Black Pine nickel-cobalt project and associated licences. NEW LICENCES Caerus said that the three new licences of Anglisides, Pano Lefkara and Layia had a legacy of small-scale mining and host ore stockpiles, […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Horizonte publishes 2020 sustainability report
Horizonte Minerals plc has published its 2020 sustainability report focusing mainly on the Araguaia ferronickel project with additional data from the Vermelho nickel-cobalt project and corporate head office in Brazil. MAIN POINTS The company highlighted key achievements including no work-related Covid-19 transmissions, no lost time injuries and fatalities and no environmental incidents. In April 2020, […]
Hummingbird finds ‘excellent’ gold grades at depth
Hummingbird Resources plc reported continued “excellent grades at depth” from the exploration drilling programme at the Komana East (KE) deposit at the Yanfolila gold mine, Mali. CONFIDENCE Drill testing the northern extension of the KE ore body aims to increase the resources and confidence for future KE underground (KEUG) mining potential. The company said that […]
Power Metal intersects Victoria vein at Silver Peak
Power Metal Resources plc has intersected the high-grade Victoria vein in all 12 diamond drill holes out of a planned 25-hole programme at the Silver Peak project in British Columbia, Canada. Located on Silver Peak Mountain, the project includes the Eureka-Victoria silver mine which is covered by the first ever Crown-granted mineral claim within the province. Power […]