Scotgold Resources Ltd said it was increasing its resource inventory in and around the Cononish Gold and Silver Mine where it expected first gold by the end of November 2020. Exploration work has focused on extending the soil sampling grid at Cononish as well as extensions to the soil sampling grids over the Beinn Udlaidh […]
Tag: gold
Power Metal to accelerate JV in Victoria gold fields
Power Metal Resources plc said it would accelerate its gold exploration joint venture Red Rock Australasia Pty Ltd (RRAL) following findings in a new technical report. JOINT VENTURE RRAL is a joint venture company 49.9% owned by Power Metal and 50.1% by Red Rock Resources plc. Power Metal chief executive Paul Johnson, and Red Rock Resources […]
Alba raises £1.3m for Wales and Greenland projects
Alba Mineral Resources has raised £1,300,000, before expenses, through the issue of 472,727,272 new ordinary shares at a price of 0.275 pence per ordinary share. The proceeds were raised at a price four times higher than the price of money raised last month. Funding will now go towards Alba’s diversified portfolio including including surface drilling […]
Alba finds new gold targets at Clogau-St David’s
Alba Mineral Resources plc aims to extend drilling after it identified ten separate gold targets and several new regional targets at Clogau-St David’s gold mine in North Wales. The junior miner has rehabilitated the mine in Dolgellau and is looking for extensions to previously worked gold veins. The mine has never been subjected to modern […]
Scotgold expects first gold pour by end of November
Scotgold Resources Ltd is expected to carry out its first gold pour at its Cononish mine in West Scotland by the end of November, the company announced today. Construction and development activities at the low cost, high grade gold and silver project in the north of the Loch Lomond and Trossachs National Park have been […]
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 […]