Arkle Resources plc swung to loss from its activities during 2022 but experienced a “good exploration year”. FINANCES The group holds gold, zinc and lithium interests in Ireland and has expanded its interests to a small licence area for lithium in Zimbabwe. Full year results ended December 2022 show a loss of €299,214 (2021: profit […]
Tag: gold
Kavango signs first Zimbabwe gold option
Kavango Resources plc has signed an exclusive two-year option to acquire a producing gold exploration project in Matabeleland, southern Zimbabwe. MINES AND TAILINGS The Nara project comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines. Total recorded historic production, between the early 1900s and early 1960s, from underground workings amount […]
Arkle shareholder reduces holding to below 3%
Arkle Resources plc shareholder Andrew Batchelor is reported to have more than halved his shares in the company to below 3%. In April 2023, Mr Batchelor increased his holding to 25 million ordinary shares, representing 6.32% of the issued share capital. The Irish gold and zinc exploration company yesterday said that, following a recent review […]
Red Rock raises £288,750 via share placing
Red Rock Resources plc raised £288,750 before expenses by placing 175,000,000 new ordinary shares of £0.0001 each in the company at a price of 0.165 pence per share. On admission, the company’s issued ordinary share capital will comprise 2,480,597,791 ordinary shares, each with voting rights. No shares are held in treasury. USES Net proceeds will be used […]
Galantas surface drilling targets inferred resource
Galantas Gold Corporation will begin new surface drilling to target inferred resource and potentially increase ounces at Cavanacaw mine in Omagh, Northern Ireland. MINE PLAN The Canadian company yesterday received permission from Fermanagh and Omagh District Council’s planning committee to drill eight exploration holes in early July. These will target gaps and areas of the […]
Red Rock granted first licence in Côte d’Ivoire
Red Rock Resources plc has been granted its first licence in Côte d’Ivoire with the Djekanou gold project located south of the capital Yamoussoukro. SHEAR ZONE The company’s subsidiary LacGold Resources Sarlu has an initial four years for the licence, covering 344.5 km2, in the department of Djekanou and nearby. The licence is one of […]