First Class Metals plc (FCM) has observed and panned gold from grab samples on the Dead Otter trend at North Hemlo in northwest Ontario, Canada. CONFIDENCE The company added that a number of gold flecks were seen in the ‘tail’ in the panning dish. “This is significant in not only proving the presence of gold […]
Tag: gold
Red Rock completes transfer of Boulon licence
Red Rock Resources plc has completed transfer to the company of the Boulon gold licence in southwest Burkina Faso. BOULON In January 2022, the company acquired two exploration projects of Boulon and Bilbale in the prolific Boromo and Banfora greenstone belts. Boulon lies on the centre of a mapped channel containing some of the “highest […]
Galantas completes due diligence for sustainability
Galantas Gold Corporation announced completion of due diligence as part of work on a sustainable mine plan at the Cavanacaw gold mine in Omagh, Northern Ireland. DILATION ZONES QME Mining Services (NI) Ltd Ireland conducted the work with the plan expected to be ready in July 2023. The plan will allow Galantas to develop and mine […]
Scotgold appoints shareholder Maurice Mason as NED
Scotgold Resources Ltd has appointed one of its shareholders Maurice Mason as a non-executive director (NED) with immediate effect. Mr Mason has more than 20 years’ experience within the mining industry. He previously held roles in Anglo American and is currently the vice president of corporate development at gold producer Caledonia Mining Corporation plc. Before joining […]
Hummingbird 2022 losses treble from challenges
Hummingbird Resources plc recorded more than a three-fold increase in losses while gold pour fell following issues with its mining contractor at the Yanfolila mine in Mali. FINANCES Full year results for 2022 showed revenue decreased to US$150.5 million (2021: $162.7m) while losses rose to £39.9m (2021: £12.7m). The company sold less gold at 80,445 […]
Hummingbird pours early first gold at Kouroussa
Hummingbird Resources plc poured first gold yesterday ahead of schedule at the Kouroussa gold mine in Guinea. PRODUCTION Kouroussa is a high-grade, low-cost mine and the company’s second operating gold asset, after Yanfolila in Mali, in West Africa. The company aims to increase operations at Kouroussa to commercial production during the second half of 2023. […]