Oriole Resources plc’s board of directors has agreed further salary sacrifice and new share option remuneration plans for staff and local employees in the company’s Cameroon gold projects. SALARY SACRIFICE The agreement follows completion last month of a share-based salary sacrifice scheme resulting in the entire board taking shares in the company in lieu of […]
Tag: gold
Oriole sampling shows evidence of Mbe gold size-grade
Oriole Resources plc said it had found further evidence of the size and grade of the gold anomaly from pilot channel sampling at Mbe within the Central Licence Package (CLP) in Cameroon. DRILL TESTING Mbe is one of five licences in the Eastern CLP, with the overall package prospective for a range of commodities including orogenic-style […]
Hummingbird starts hot commissioning at Kouroussa
Hummingbird Resources plc has started the hot commissioning phase before planned first gold pour at the Kouroussa gold mine in Guinea. PROCESSING PLANT The company said that Phase I of testing the processing plant’s mechanical, electrical and overall functionality had performed “per design”. First ore was introduced to the circuit at the one million tonne […]
Oriole’s new earn-in partner restarts Senala exploration
Oriole Resources plc reported the restart of exploration work by its new earn-in partner at the Senala gold project in Senegal. JOINT VENTURE On 26 April, former Canadian partner IAMGOLD Corporation completed the sale of its Senegal subsidiary AGEM to Moroccan miner Managem Group. Oriole currently has a 41.65% interest in the project. DRILLING Managem […]
Scotgold finds lower than expected grade at Cononish
Scotgold Resources Ltd said it had encountered “lower than expected grade” at 19m of the 115m strike length in Cononish gold and silver mine near Tyndrum in Scotland. OPERATIONS The company added that long hole stoping was “progressing well” and “for the most part” in line with the 2023 mine plan. A total of 1,956 […]
Scotgold raises £2m via open offer-subscription
Scotgold Resources Ltd has raised a total £2 million from an open offer and subscription for its Cononish gold-silver mine near Tyndrum. BOARD APPOINTMENT The open offer, closed on 12 May, will see the maximum number of 10,065,262 open offer shares issued, raising £1.5 million. On admission, Scotgold will have 80,500,346 ordinary shares in issue […]