Red Rock Resources plc has raised £200,000 by placing 597,014,925 new ordinary shares at 0.0335 pence per share. Following admission, Red Rock’s issued ordinary share capital will comprise 5,655,797,411 ordinary shares, each with voting rights. The company holds no shares in treasury. Proceeds will be for year-end accounting costs, acquisition and transport of gold mining […]
Tag: gold
Panther begins soil sampling at Dotted Lake
Panther Metals plc has started additional soil geochemistry sampling potentially to accelerate exploration at Dotted Lake on the Schreiber-Hemlo greenstone belt in Ontario, Canada. SNOWFALL Bayside Geoscience Inc’s 1,000 metre survey comprises an extension and infill sampling to the 2021 soil survey grid which yielded “significant nickel, cobalt, copper, gold and platinum group element anomalies”. […]
Panther awards drill contract for Dotted Lake
Panther Metals plc has awarded the contract for phase I diamond drilling and access trail logistics at Dotted Lake, on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CAMPAIGN The company said that Platinum Diamond Drilling Inc was mobilising to the site as part of drill pad and access preparation work. The […]
Guardian returns ‘best’ tungsten intercept at Pilot
Guardian Metal Resources plc reported “outstanding” tungsten mineralisation from a further 12 drill holes at Desert Scheelite within the Pilot Mountain project in Nevada, USA. GLOBAL The results from drill core samples for holes PM24-002 to 013 follow those returned in mid-September from assays of diamond drilling. The company said it believed that the intersection would […]
Panther identifies 500m conductor at Dotted Lake
Panther Metals plc has delineated an electromagnetic plunging conductor with a 500m strike length at its 100% owned Dotted Lake project on the Schreiber-Hemlo greenstone belt in Ontario, Canada. TARGETS The “very compelling” target is one of two parallel conductors identified following completion of independent 3D geophysical modelling and interpretation of airborne geophysical survey datasets. […]
Hummingbird mulls selling non-core assets
Hummingbird Resources plc has secured a US$30 million loan as it initiates an independent review of its West Africa operations, including the possible sale of its non-core assets. KOUROUSSA The company’s largest shareholder CIG SA lent $20 million, payable in tranches, and consolidated a previous US$10 million short-term loan. Hummingbird said it anticipated changing the […]