Power Metal Resources plc has completed soil and rock sampling on its two gold-nickel licences in the Tati Greenstone Belt near Francistown, Botswana. WORKINGS Power Metal exercised an option to acquire a 100% interest in the project at the end of July 2021, through its local wholly owned operating subsidiary Power Metal Resources Botswana (Pty). The […]
Tag: extractive industries
Cora intersects ‘extremely strong’ mineralisation at Selin
Cora Gold Ltd has intersected “extremely strong” mineralisation in grades and widths at the Selin deposit in the Sanankoro gold project, southern Mali. NEW ZONE The company said that many of the intercepts were outside existing pit shells and that an additional new mineral zone had been intercepted within the existing pit shell. The results […]
Europa starts farm-out process for Inezgane
Europa Oil & Gas (Holdings) plc has formally started the farm-out for its 11,228 km2 Inezgane permit, offshore Morocco in the Agadir Basin. INEZGANE Europa was awarded the licence in 2019 and holds a 75% interest and operatorship in the licence with Morocco’s ONHYM owning the remaining 25%. The licence lies in water depths mostly below […]
IOG spuds Blythe development well
IOG plc announced it had spud the Blythe development well in the UK Southern North Sea and expected first gas during the fourth quarter of 2021. SCHEDULE The well is the second in the company’s Phase 1 project, following Elgood, and is expected to take under three months to drill and complete before the rig […]
Altona to start Monte Muambe rare earths exploration
Altona Rare Earths plc said it hoped to start its first exploration work by the end of September in Mozambique. FINANCE In its audited final results for the year ended 30 June 2021, the company also announced that expenditure totalled £733,000 (FY20: £225,985), reflecting Altona’s new strategy of investments into rare earths projects in Africa […]
UKOG JV pauses drilling at Basur-3 for new seismic acquisition
UK Oil & Gas plc’s joint venture (JV) partner has paused drilling for new seismic data after a directional drilling assembly became stuck in Basur-3 (B3) appraisal oil well in Turkey. DEVIATED SIDETRACK The directional drilling assembly became stuck after the well reached a drilled depth immediately above the Garzan and Mardin targets, which remain […]