Alba Minerals Resources plc said it had intersected a potential 550-metre extension to the Main Lode containing most of the historic production at Clogau-St David’s gold mine in North Wales. The company believes the extension is in westerly direction the Clogau Main Lode and now plans infill surface and underground drilling for confirmation. FIRST PHASE […]
Tag: gold
Scotgold makes first gold pour on St Andrew’s Day
Scotgold Resources Ltd announced its first gold pour at the Cononish gold and silver mine in the Scottish Grampian Mountains area. The gold exploration company achieved the milestone on St Andrew’s Day yesterday (30 November). Scotgold said it would now increase production at Cononish to design level early in 2021 to become Scotland’s first commercial […]
Galantas Gold narrows losses as revenue falls
Galantas Gold Corporation narrowed its losses by the end of September 2020 compared with the same period in 2019 for its Cavanacaw gold mine in Omagh, County Tyrone. The company also said it was still “actively engaged” in seeking strategic alternatives including reviewing its licences and operations, considering a sale, joint venture, partnership or other […]
Power Metal stakes additional claims at Alamo
Power Metal Resources plc said it had staked an additional nine claim blocks at its Alamo gold project in Arizona, increasing the site by 23.5% to 946 acres. NUGGETS Power Metal said it decided to enlarge the project following a successful reconnaissance programme during August 2020. In January 2020, the metals and minerals exploration company […]
Red Rock acquires 100% of Migori gold project
Red Rock Resources plc has acquired 100% interest in the Migori gold project in southwestern Kenya. MINERAL RESOURCE ESTIMATE The company has also appointed CSA Global (UK) to provide a revised mineral resource estimate (MRE) for the project. This will bring the 1.2 million oz MRE reported in 2013 according to the JORC 2004 code […]
Condor Gold to fast track La India into production
Condor Gold’s cash balance increased to £5.5 million for the nine months ending 30 September 2020 compared with £3.6m for the same period in 2019 at its La India project in Nicaragua. In its unaudited results for three and nine months ending 30 September 2020, the precious metals miner added it was fast tracking the […]