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, […]
Tag: extractive industries
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 […]
Red Rock-Power Metal eye Donnybrook gold field
Red Rock Australasia Pty Ltd (RRAL) joint venture has applied for a fourth licence for a new area in the Victoria gold fields, Australia. KILMORE WEST The JV comprises Red Rock Resources plc holding 50.1% and Power Metal Resources plc with 49.9%. Tenement EL007460, Kilmore West, covers 349 km2 and holds numerous former mine workings […]