Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Tag: gold
Conroy appoints John Sherman as chairman
Conroy Gold and Natural Resources plc appointed its deputy chairman John Sherman as chairman with immediate effect. DISCS OF GOLD His appointment follows the death last month of the company’s founder and executive chairman Richard Conroy. Mr Sherman is Professor Conroy’s son-in-law. Conroy has also named its licence area as the Discs of Gold project, […]
Oriole identifies gold mineralisation at Gamboukou
Oriole Resources plc has identified gold mineralisation from stream sediment sampling at Gamboukou within the district-scale Central Licence Package in the Adamawa region, central Cameroon. ENCOURAGED Of a total 407 samples, nine samples graded 10 parts per billion gold or more, and a highest value of 39ppb gold. The company said that the results were comparable […]
Golden Rose to undergo detailed review
Ormonde Mining plc’s investee in Canada has begun an analysis of the Golden Rose gold-copper project in the central Newfoundland gold belt. FUNDING Funded by 80% earn-in partner Eldorado Gold Corp, the detailed review will include assessment and verification of existing data before being infilled and updated. Project owner TRU Precious Metals Corp will begin on […]
Red Rock raises £200,000 via placing
Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Panther begins soil sampling at Dotted Lake
Panther Metals plc has started additional soil geochemistry sampling potentially to accelerate exploration at Dotted Lake on the Schreiber-Hemlo greenstone belt in Ontario, Canada. SNOWFALL Bayside Geoscience Inc’s 1,000 metre survey comprises an extension and infill sampling to the 2021 soil survey grid which yielded “significant nickel, cobalt, copper, gold and platinum group element anomalies”. […]