Oriole Resources plc has completed converting the last two tranches of gross salary, totalling £51,000, under its directors’ salary sacrifice scheme which will be extended. COMPANY SHARE The company used the 30-day VWAP on 31 August 2022 (0.1785 pence) and 30 September 2022 (0.194 pence) respectively, for 17,427,633 new ordinary shares of 0.1p each. Following […]
Tag: gold
Hummingbird partner to take 100% of Dugbe
Hummingbird Resources plc said that its joint venture partner will exercise its right to take 100% ownership of the 2,559 km2 Dugbe gold project in southern Liberia. TERMS The project lies within the southwestern corner of the Birimian Supergroup which hosts most West African gold deposits. Hummingbird identified two deposits of Dugbe F and Tuzon […]
Tertiary to plan drilling at Brunton Pass
Tertiary Minerals plc plans a drilling programme following its summer exploration campaign at the Brunton Pass copper-gold project in Nevada, USA. MINERALISATION The company’s work included trenching, sampling, geochemical analysis, petrologicalevaluation and field follow up. Six trenches were completed for a total 386m to evaluate further previously reported copper, mercury and arsenic anomalies in soil […]
Oriole raises £600,000 via discounted placing
Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Alba submits new dewatering application
Alba Mineral Resources plc said it had submitted a new permit application to dewater the Llechfraith shaft and associated workings at its 100% owned Clogau-St David’s gold project in North Wales. RENEWED APPLICATIONS The company also submitted renewed applications for a water discharge permit and a European Protected Species licence for the proposed dewatering exercise […]
Power Metal notes Golconda anomalous mineralisation
Power Metal Resources plc noted identification of three zones of strongly anomalous arsenic and gold mineralisation at the Golconda Summit property in Nevada, USA. PRIORITY The company’s 83.13% owned subsidiary Golden Metal Resources plc made the discovery from historical dataset of a high-resolution geochemical soil survey covering the whole project. Rock sample assays results from […]