Oriole Resources plc recorded a £1.45 million impairment, comprising 92% of overall losses, from its holding gold interests in Egypt. FINANCES The group’s main operations are exploration projects in Cameroon, partner exploration activities in Senegal, and the management of its investment and royalty positions. The final results for the year ended 31 December 2022 showed total loss for […]
Tag: gold
Conroy results show intersection extends 40m at 1.2g/t gold on Clay Lake JV target
Conroy Gold and Natural Resources plc assays showed a gold intersection extending 40.5m at 1.2 g/t gold on the Clay Lake target in County Armagh, Northern Ireland. CONTINUITY The results are from the first of an eight-hole step-out drilling programme for 2,000 metres on the Derryhennet section conducted with joint venture partner (JV) Demir Export […]
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
Galantas to raise up to C$2m via private placement
Galantas Gold Corporation is offering a non-brokered private placement of up to 5,555,555 units, each at C$0.36 to raise up to C$2 million. USES Each unit comprises one common share of the company and one common share warrant. Each warrant entitles the holder to purchase an additional common share at C$0.55 per share for a period of […]
Oriole finds fresh signs of new gold district at Mbe
Oriole Resources plc reported further high grade golds and notable mineralisation from additional rock-chip sampling results at the Mbe licence on its Central Licence Package (CLP) in Cameroon. BULK DEPOSIT The results are from 27 selective rock-chip samples taken from outcropping rocks in a structural corridor at Mbe, one of five licences within the Eastern […]
Galantas to add potential 20,000 oz gold from lower levels at Cavanacaw
Galantas Gold Corp plans to extract a potential 20,000 ounces gold a year from the dilation zones at the lower levels of Cavanacaw mine in Omagh, Northern Ireland. MINERAL RESOURCE ESTIMATE The Canadian company, which said it still lacked qualified underground miners, has also completed its first drill hole from underground on a third vein […]