Hurricane Energy plc has completed operations to plug and abandon the 205/26b-14 (Lincoln-14) well on the P1368 (South) licence in the Greater Warwick Area (GWA). DEADLINE The company is the operator (50%) for the GWA joint venture project with Spirit Energy Resources Ltd (50%). Hurricane completed the work within budget and before the deadline of […]
Tag: extractive industries
Cornish Metals finds high grade intercept at United Downs
Cornish Metals Inc has intersected high grade copper-tin-silver mineralisation in its diamond drill programme at the United Downs project in Cornwall. The Canadian miner drilled hole UD21_001 to a total depth of 260.24m and intersected one zone of high-grade tin and the second with tin-copper-silver mineralisation. The drill programme follows the discovery in April 2020 […]
Altona rules out Nankoma project
Altona Rare Earths plc has decided against exercising its option to acquire 51% of Leadway Group Ltd because it was unable to complete due diligence on the Nankoma project in Uganda. The company today said that Nankoma, a greenfield project, was considered a low-interest acquisition target by the board because there was no historical exploration data […]
Chesterfield raises £800,000 via placing
Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
Condor confirms early mining at La India
Condor Gold plc said that final assay results confirmed that 59,672 oz contained gold within 35m of the surface would be mined early at La India, Nicaragua. The junior miner’s two planned Northern and Southern high-grade starter pits, up to 35m deep, have now been drill tested by 45 diamond core drill holes for a […]
Scotgold reaches higher grade ore and adopts risk analysis
Scotgold Resources Ltd reached higher grade ore zones quicker than expected but a bearing failure last month thwarted an increase to full production at Cononish gold mine near Tyndrum, Scotland. Gold doré sent to the refiners in May was refined through normal treatment processes, validating Scotgold’s process plant production. “Mining in the latter part of […]