Power Metal Resources plc has exercised its option to acquire the Coco East property located on the prospective Schreiber-Hemlo greenstone belt, in northwest Ontario. TARGETS Coco East is the second of four gold exploration properties for which the company has an exclusive option to acquire a 100% interest. The acquisition follows Power Metal’s recent acquisition […]
Tag: extractive industries
CRL to explore for copper-tin extensions
Cornwall Resources Ltd announced it aimed start work in early April on a trenching and auger exploration programme to investigate extensions of tin and copper mineralisation at Redmoor, Cornwall. TARGETS The subsidiary of Australian company Strategic Minerals, hopes to extend its programme up to 1,000 metres to the west of its current resource. It has […]
Angus to obtain new seismic data for Lidsey
Angus Energy plc announced it would obtain new seismic data and reprocess the existing seismic lines to identify a new drill target at Lidsey oil field in West Sussex. The onshore hydrocarbon company said that previous seismic mapping had underestimated the aerial extent of the reservoir and most importantly its shape. This had resulted in […]
Reabold to invest further £1m in Corallian
Oil and gas investor Reabold Resources plc said it expected to invest £1 million in Corallian Energy Ltd through a conditional convertible loan instrument for the Victory gas field, West of Shetland. The convertible loan is conditional on Corallian receiving the consent of 75% or more of its shareholders. Reabold has an existing 36.9% shareholding […]
Horizonte raises £18m via placing
Horizonte Minerals plc said it had raised £18 million following a placing of 162,718,353 new ordinary shares with new and existing investors at a placing price of 7.5 pence per placing share. Gross proceeds (US$25.0m / C$ 31.7m) before expenses were approximately £12.2m from the placing and £5.8m from the Canadian offering.
Conroy Gold plans joint venture for Irish licences
Conroy Gold and Natural Resources plc has reported “encouraging” survey results and plans for a joint venture for its Irish gold licences. CARGALISGORRAN The 2,800m ground geophysical survey focused on the Cargalisgorran part of the Clay Lake gold target in Armagh, Northern Ireland. Reinterpretation of the geology using new geophysical data “highlighted details of the […]