Power Metal Resources has exercised its option to earn-in to the Silver Peak project in southern British Columbia, Canada. Following positive due diligence at the Eureka-Victoria silver mine, the company will now be able to earn-in to a 30% interest in the project, with an additional C$225,000 committed for ground exploration. A technical review is […]
Tag: extractive industries
Power Metal completes Silver Peak due diligence
Power Metal Resources has completed its due diligence at the exploration programme in the Silver Peak project in British Columbia, Canada. A total of 11 channel samples were taken from the Victoria vein faces exposed in the cliffs and open stopes located vertically above the Victoria adit. Samples have been submitted to the accredited laboratory, […]
Offshore oil and gas licence review will ensure net zero
The Government is to review its policy on the UK’s future offshore oil and gas licensing regime as part of its plans to achieve net zero emissions by 2050. Initial findings and next steps will be published in the forthcoming Energy White Paper. More than half of the UK’s electricity comes from renewables including wind […]
Egdon granted more time to drill North Kelsey-1
Egdon Resources Ltd has been granted more time to drill PEDL241, containing the North Kelsey-1 well in Lincolnshire. EXTENSION Operator Egdon holds 80% and Union Jack Oil plc 20% in the licence. Lincolnshire County Council first granted temporary planning permission to drill an exploratory conventional oil in 2014. Egdon has now been given a further […]
EnQuest reports losses and reorganises North Sea operations
EnQuest’s revenue nearly halved for the first six months of 2020 compared with the same period last year but production losses were minimised. Th group also decided not to restart production at the Heather/Broom and Thistle/Deveron fields, and to reorganise its UK North Sea business into three directorates of upstream, midstream and decommissioning leading to a […]
Galantas reviews licence options as it narrows losses
Galantas Gold Corporation said it was reviewing its licences and operations as the company released its half year results for Cavanacaw gold mine in Omagh, Northern Ireland. PROJECT OPTIONS In its report, the Canadian miner also said it was looking at options of a sale, joint venture or partnership or other options with third parties […]