Galantas Gold Corporation has entered into an agreement with Ocean Partners UK Ltd to sell call options on 6,000 oz gold over 12 months on behalf of the company for US$804,000. USES Ocean will sell the call options at 500 oz per month from February 2024 to January 2025 at a strike price of $1,775 […]
Tag: gold
Oriole to write down £1.45m for Thani Stratex gold
Oriole Resources plc said it would write down £1.45 million for the carrying value of its Thani Stratex interest after its investee company relinquished the Hodine gold exploration licence in Egypt. BUSINESS STRUCTURE The licence, containing the Anbat and Hutite projects, lies in the southeast of the country. Oriole holds a 24.94% interest in privately-owned […]
Flintridge risked lives from rock fall and drowning
Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]
Caerus signs up to £625,000 CLN deal
Caerus Mineral Resources plc has signed a subscription agreement with shareholder EV Metals Group plc (EVM) under which Caerus may need EVM to subscribe up to £625,000 for unsecured convertible loan notes. USES The company added that EVM’s holding in Caerus would increase from 16.34% to 29.9% should it require EVM to subscribe for the […]
Oriole restarts field work at Bibemi-CLP
Oriole Resources plc has restarted field work following the rainy season at its Bibemi orogenic gold and Central Licence Package (CLP) gold projects in Cameroon. BIBEMI The company is currently conducting a pit optimisation study and site visit at Bibemi in the north of the country. The work aims to upgrade a portion of the […]
Arkle adds lithium exploration at Mine River gold project
Arkle Resources plc has discovered pegmatites in the company’s new search for lithium at its 100% owned Mine River gold block on the Wexford-Wicklow border in Ireland. LEINSTER GRANITE Reconnaissance work at Mine River has confirmed the presence of granite, pegmatite and aplite rock and the company now plans to collect specimens for analysis. Arkle […]