Panther Metals plc has confirmed a 1.2km long open-ended gold trend from diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CORRELATION The company’s first phase I drill core assays also showed an intersection of “high grade zinc/gold volcanogenic massive sulphide-style mineralisation”. Drill hole DL24-001 returned “highly anomalous […]
Tag: gold
FCM loan increases for North Hemlo-Sunbeam
First Class Metals plc’s existing loan has further increased from £500,000 to £700,000 for the North Hemlo and Sunbeam gold projects in Ontario, Canada. DRILLING The money from Seventy Ninth Group Ltd, which initially loaned £230,000 in June, adds to the investor’s proposed £2.18 million financing. Funds will be drawn in a single tranche and […]
Panther completes Dotted Lake extended drilling
Panther Metals plc has completed its extended phase I diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. SAMPLES The company said it had drill tested initial target areas C, D, E and F, increasing operations from the original 1,200 metres to 1,558m across five holes. Operations […]
Condor and Metals agree terms for acquisition
Condor Gold plc and Metals Exploration plc have agreed the terms and conditions to the Metals’ recommended offer for Condor. DIVERSIFICATION Announced two days ago, the offer is intended to be implemented by means of a court-sanctioned scheme of arrangement, although Metals reserves the right to a takeover offer. Completion of the acquisition, which includes the flagship […]
Tertiary begins drilling at Brunton Pass
Tertiary Minerals plc has started an additional drilling programme in its portfolio of licences with operations at the Brunton Pass copper-gold project in central Nevada, USA. UNPARALLELED The company plans four reverse circulation percussion drill holes each to an average depth of 350 to 400 metres. Tertiary said that two holes holes would test for […]
WGE survey indicates numerous anomalies at Lorne
Western Gold Exploration Ltd reported “strong depth and near-surface potential” from a 779-line km helicopter survey at the Lorne porphyry district in Argyll, Scotland. WIDESPREAD Magnetotelluric (MT) geophysics over the Lagalochan and Ardlochan prospects also identified “other possible porphyry-related centres” across the company’s Crown Mines Royal licence. The Canadian company said it was the first […]