First Class Metals plc said it planned to advance it exploration strategy before selling or entering a joint venture (JV) for its metals’ licences in Ontario, Canada. STRATEGY In the company’s final results for the year ended 31 December 2022, chief executive Marc Sale added that most of the six out of nine properties explored […]
Tag: gold
Tertiary identifies copper mineralisation at Mushima North
Tertiary Minerals plc said analysis of historic drill core showed copper mineralisation on the edge of an untested gravity anomaly at the Mushima North project in Zambia. DRILL CORE ANALYSIS The licence is one of five owned by local partner Mwashia Resources Ltd, as well as Konkola West, Lubuila, Mukai and Jacks. Assay results from […]
Galantas raises C$749,000 via shares for creditors
Galantas Gold Corporation completed a shares-for-debt transaction announced in March with several of its arm’s length creditors for a total C$749,020 (£440,600). The company has accordingly issued a total 2,080,609 units of the company each at a deemed price of C$0.36. Each unit is comprised of one common share and one common share purchase warrant. Each […]
Scotgold long hole stoping ‘performing well’
Scotgold Resources Ltd said its new approach of long hole stoping was “performing well and in line with management’s expectation” at the Cononish gold and silver mine near Tyndrum in Scotland. CONSISTENT During the first week of April, the company changed its plans from extracting ore via level development and cut-and-fill stoping, following poor gold […]
Scotgold targets up to £2m in further fundraise
Scotgold Resources Ltd aims to raise £1.5 to £2 million via an open offer and a subscription for its operations at Cononish gold and silver mine near Tyndrum in Scotland. OPEN OFFER Existing shareholders can subscribe for up to 10,065,262 new ordinary shares of 15 pence to raise up to a maximum of £1.5m. Directors participating include […]
Oriole issues 7.65m shares for Q1 salary sacrifice
Oriole Resources plc will issue a total of 7,655,885 ordinary shares to members of the board in relation to £21,000 gross salary foregone during Q1 2023. PRICE The shares will be issued at a price of 0.17p which is a 13% premium to the previously agreed pricing under the six-month salary sacrifice scheme agreed in […]