Cora Gold Ltd has announced its fifth set of drill results from its largest ever drilling campaign at its Sanankoro gold project in Southern Mali. The company aims to drill up to a total 35,000m by end of July 2021 to increase resource as well as infill drilling to convert existing inferred resources to the […]
Tag: extractive industries
Horizonte nears $325m deal for Araguaia
Horizonte Minerals plc said it expected to receive debt financing of US$325 million from international banks for its 100%-owned Araguaia nickel project in Brazil. The company added that due diligence had been completed on Araguaia and the credit approval process was underway. Horizonte is continuing discussions with Brazilian financial institutions and with a number of […]
Hummingbird reports first drill results from Dugbe
Hummingbird Resources plc has received the first drill results from its Tuzon deposit at the Dugbe gold project in Liberia. The joint venture comprises Pasofino Gold Ltd which has an earn-in agreement for a 49% stake in the project, with Hummingbird owning 51%. Three of the four holes are ‘step-out’ holes to test the lateral […]
Chesterfield more than doubles Adeline
Chesterfield Resources plc said it had exercised the right to acquire a further 672 claims to more than double the size of its Adeline copper project in Labrador, Canada. The initial purchase of 129 km2 from mining royalty company Altius Minerals has now been extended to a district-scale 297km2 (29,725 ha), with a total of 1,189 […]
Angus completes further acquisition at Brockham
Angus Energy plc said it had aligned its interests following the acquisition of a further interest in Brockham oil field. The company completed its purchase of a 5% interest from Alba Mineral Resources plc. Alba paid £32,000 plus VAT to Angus in settlement of certain back costs and a contribution towards eventual abandonment costs. This was […]
Hurricane Energy restarts P6 well
Hurricane Energy plc has progressed work on the Lancaster 205/21a-6 (P6) and the 205/26b-14 (Lincoln-14) wells, West of Shetland. COSTS The company said it had restarted the electric submersible pump (ESP), which tripped on 8 June, in the Lancaster 205/21a-6 (P6) oil well. The company expects oil production from the P6 well at a rate […]