Anglesey Mining plc reported a revised mineral resource estimate (MRE) with the inclusion of the first measured resource for Parys Mountain. CATEGORIES The company’s revised estimates for the White Rock and Engine zones are based on 10 additional drill holes completed in 2022 and a detailed review of previous geological interpretations. Measured resources include […]
Tag: gold
Scotgold rise in revenues offset by increased loss and debt
Scotgold Resources Ltd’s increase in revenues were dented by a rise in pre-tax losses and debt at Cononish gold and silver mine, near Tyndrum in Scotland. FINANCES The company’s interim results for the six months ended 31 December 2022 showed total revenues of A$9.5 million (H1 2022: A$6.4m) Loss before taxation was A$9.5m (H1 2022: […]
FCM receives full grant payment for North Hemlo exploration
First Class Metals plc (FCM) has received full payment of its 2022-23 Ontario junior exploration grant (OJEP) for work carried out on its flagship North Hemlo property. DISCOVERY OJEP helps junior mining companies finance early stage exploration projects in Ontario. The payment of CA$140,000 of the maximum $200,000 grant to FCM is for the successful […]
Scotgold future at risk by poor gold grades and lack of funds
Lower than expected gold grades and potential lack of funds threaten Scotgold Resources Ltd’s future at Cononish mine, said the company. DECLINE OF GRADES The Australian miner has altered its plans from extracting ore via level development and cut-and-fill stoping to “cost effective and efficient extraction of ore” with long hole stoping in Q2 2023. […]
Oriole completes Mbe geophysics
Oriole Resources plc has completed a ground-based geophysics programme over the main gold target at Mbe as it awaits multi-element analysis from lithium targeting on Ndom, within the Eastern Central Licence Package (CLP) in Cameroon. DRILL TARGETS The programme was over the entire gold-anomalous zone at the Mbe licence to test the local and regional […]
Alba must supply more data for permits
Alba Mineral Resources plc needs to give further information to the regulatory authority on its applications to continue work at Clogau-St David’s gold mine and for Dolgellau gold exploration in north Wales. LLECHFRAITH In November 2021, Natural Resources Wales (NRW) refused permission for water transfer and discharge permits and a European Protected Species (EPS) licence for […]