Cornish Metals Inc said it had started a diamond drilling programme at its United Downs copper-tin project in Cornwall. The Canadian miner aims to target the high grade copper-tin mineralisation encountered during April 2020 in drill hole GWDD-002 that intersected 14.69 metres at 8.45% copper and 1.19% tin. Diamond drill hole GWDD-002 was drilled by […]
Tag: extractive industries
Power Metal plans deep diamond drill at Haneti
Power Metal Resources plc said it planned a deep diamond drill campaign following results of RAB drilling at its joint venture nickel and platinum group metals (PGM) project at Haneti, central Tanzania. POTENTIAL The 50-hole, 1,965m shallow rotary air blast (RAB) drilling programme was conducted at Mihanza Hill and Mwaka Hill. Power Metal said that […]
Block set for 2021 with $6.8m and two new wells
Block Energy plc announced it had a strong cash position of $6.8 million as it prepares to drill two wells as part of its 2021 objectives at West Rustavi in Georgia. OIL AND GAS PRODUCTION In its operational report for Q1 2021, the company said it was currently producing across all its licences (excluding WR-16aZ […]
JOG completes acquisition of Verbier
Jersey Oil & Gas plc (JOG) has taken full control of licence P2170, containing the Verbier oil discovery, after completing its acquisition of CIECO V&C (UK) Ltd. FARM-OUT The purchase is from ITOCHU Corporation and Japan Oil, Gas and Metals National Corporation (JOGMEC). JOG paid £150,000 and two contingent payments based on the Oil & […]
Oriole primed for ‘new frontier’ of gold in Cameroon
Oriole Resources plc announced it had secured a controlling interest in it orogenic gold exploration projects at Bibemi and Wapouzé in northern Cameroon. LICENCES The move follows the completion of an initial funding commitment of $1.56 million set out under the terms of an option agreement signed in June 2018. Oriole now has 51% ownership […]
CAML progresses remediation from tailings leakage
Central Asia Metals plc (CAM) said it had made further progress with its environmental and social responsibilities, notably the leakage from its Sasa tailing storage facility at Sasa zinc-lead mine in North Macedonia. The company has focused on remediation work, cementing relationships with communities and is on course to producing its second sustainability report. CAM […]