Scotgold Resources has raised £3 million from a placing to double production and increase exploration during 2021 at its Cononish Gold and Silver Mine in Loch Lomond and Trossachs National Park. The company raised the funds before expenses by way of placing 2,727,273 depositary interests of no par value in the company (new ordinary shares) […]
Tag: gold
Galantas processes low grade stock as funding talks continue
Galantas Gold Corporation has reported its third quarter results on processing of concentrate at its Cavanacaw gold mine in Omagh, Co. Tyrone, Northern Ireland. The mine was closed on 26 May 2020 because of the pandemic and underground mining remains suspended. The Canadian company said that current processing utilised low grade stock and, between 26 […]
Conroy to increase drilling and search for deposits
Conroy Gold and Natural Resources plc said it would intensify drilling at its main project in Ireland over the next 18 months while extending its search for other gold deposits. Conroy Gold’s main development project is at Clontibret, Co. Monaghan which has joint resources of more than half a million ounces of gold, with a […]
Alba Mineral presses on at Clogau-St David gold mine
Alba Mineral Resources plc said it had made good progress with a range of works at Clogau-St David’s gold mine in the south of Snowdonia National Park. The junior miner has drilled four holes covering a total of 252 metres and received permission to continue underground drilling until the end of October 2020. Drilling at […]
Anglesey Mining appoints Micon for PEA at Parys
Anglesey Mining has appointed Micon International Ltd to conduct a preliminary economic assessment (PEA) on its base and precious metals project at Parys Mountain in Anglesey, North Wales. OPTIMISATION STUDIES Micon began its work on the copper-zinc-lead-gold-silver project at Parys Mountain in 2006. This has included preparation of the JORC compliant resource estimate in 2012 […]
Anglesey positive on metals market despite losses
Anglesey Mining plc, focused on gold-silver-lead-copper-zinc exploration in Wales and iron in Sweden and Canada, posted wider losses but remains optimistic on the future for mineral projects and companies. In its annual report, the company posted losses before tax of £305,510 for the financial year ended 31 March 2020 (2019: £234,621). The company had £95,311 […]