Cora Gold Ltd said it had been re-awarded the Farassaba III permit for nine years at its gold exploration project in western Mali. The permit, which was re-awarded on the 12 February 2021, covers the same area of 93km2 as the expired permit. It comprises part of the 300km2 group of four permits collectively known as Cora’s […]
Tag: extractive industries
Power Metal acquires further Ontario gold properties
Power Metal Resources plc has exercised its options to buy two further properties on the Schreiber-Hemlo greenstone belt in north-western Ontario, Canada. OPTION The Magical and Enable properties are the final two of four gold exploration properties on which the company signed an exclusive option to acquire a 100% interest. The move follows the company’s […]
GreenOre partner reaches second earn-in for Ayrshire
GreenOre Gold plc announced that its joint venture partner Koza Ltd has achieved the second earn-in on the Ayrshire gold prospect. JOINT VENTURE The Turkish company now holds an 80% interest in the project with GreenOre retaining 20%. All further spend will be conducted on a pro-rata basis. GreenOre said that the earn-in represented work […]
Power Metal raises £18,992 via warrant exercise
Power Metal Resources plc received £18,992 following notices to exercise warrants over a total 2,199,200 new ordinary shares of 0.1 pence each in the company. Exercise of 1,199,200 warrants is at 1.0 pence per ordinary share and 1 million warrants at 0.7 pence per ordinary share. Following admission, Power Metal’s issued share capital will comprise 1,135,917,930 […]
Power Metal acquires Coco East
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 […]
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 […]