Condor Gold plc non-executive director Kate Harcourt has retired and will leave the board with immediate effect. Chief executive officer Mark Child said Ms Harcourt had made a “substantial” contribution over the past eight years, describing her as a “wonderful mentor”. “As a senior environmental and social adviser on the board, her strategic advice and […]
Tag: gold
Scotgold faces administration without debt repayment plan
Scotgold Resources Ltd, which this morning suspended trading, could within weeks fall into administration if it fails to agree payment plans with all its debtors. FINANCING The Australian company today repeated its warning from March 2023 that its future was uncertain without further funding, although it is “actively seeking additional financing and discussions are in an […]
Scotgold Resources suspends trading on AIM
Scotgold Resources Ltd temporarily stopped trading today at the company’s own request pending clarification of the company’s financial position. The company’s ordinary shares of no par value stop trading from 7.30am on AIM at its own request. In March, Scotgold raised concerns over its future following low gold grades, lack of funding, rising losses and […]
Ormonde acquires initial 36.2% of TRU
Ormonde Mining plc has completed its 36.2% acquisition in Canadian copper-gold explorer TRU Precious Metals Corp. BOARD COMPOSITION The Dublin-based company has the potential to increase its shareholding to up to 46.0% through the exercise of warrants. Ormonde also has the right to appoint three out of five of the TRU board of directors, subject […]
New gold drill targets identified from deep overburden sampling at Longford-Down
New gold drill targets over five licences have been identified from deep overburden sampling in the Longford-Down Massif joint venture in Ireland. EXTENSIVE Conroy Gold and Natural Resources and Turkish earn-in partner Demir Export have to date completed 6,000 metres of phase I drilling. Over five separate areas, the JV collected 470 samples from the […]
Galantas drill results expand Gairloch mineralisation
Mineralisation at the Gairloch project has expanded based on Galantas Gold Corp’s drill results from the third and fourth exploration holes and prospecting samples. TREND The Canadian company has localised current drilling within 100 metres of where the mineralised unit is exposed at surface. Hole 23-GL-04 intersected 4.42 g/t gold, 0.71% copper, 0.52% zinc, 69 […]