First Class Metals plc has started exploration and a historical data review of rare earth elements (REEs) on the McKellar polymetallic claim block in the Schreiber-Hemlo region of Ontario, Canada. MCKELLAR The property, comprising 58 claims covers 11km², contains known ‘showings’ or samples of gold, silver and base metals as well as a diatreme* with […]
Tag: gold
Galantas appoints QME to develop Joshua vein access
Galantas Gold Corporation has appointed mining contractor QME to develop the access and exploration drives to the Joshua vein at its Cavanacaw gold project in Omagh, Northern Ireland. PROGRAMME The agreement with the Canadian company’s subsidiary Flintridge Resources Ltd will see QME begin 600 metres of underground development in January 2023 with completion due in […]
Cora Gold increases losses
Cora Gold Ltd recorded an increase in losses as it progressed its Sanankoro project in the Yanfolila gold belt, southern Mali. FINANCES The company’s interim results for the six months ended 30 June 2022 showed losses of US$954,000 (H1 2021: $716,000). Cash and equivalents fell to $2,022,000 (H1 2021: $5,676,000). OPERATIONS During H1 2022, Cora completed a […]
Caerus blocked by military from Kalavasos dumps
Caerus Mineral Resource plc has been blocked by a military buffer zone and refused permission to renew its licence to explore waste dumps for copper and gold at the Kalavasos project in Cyprus. KALAVASOS The company’s subsidiary New Cyprus Copper (NCC) holds four licences in the region as part of Caerus’s ‘clean energy’ initiative with […]
Red Rock intersects gold and mineralised zones at Bilbale
Red Rock Resources plc reported that three of four holes encountered gold and one intersected three gold mineralised zones from reverse circulation (RC) drilling at the Bilbale licence, southwest Burkina Faso. LICENCES Chairman Andrew Bell added that the mineralisation included a high grade zone near surface. The assets are held by Faso Greenstone Resources SARL […]
Galantas receives C$264,333 via warrant exercise
Galantas Gold Corporation received C$264,333.60 (£174,000) from the early exercise of 700,000 warrants at C$0.33 and 83,334 warrants at C$0.40 by investor Ocean Partners UK Ltd. Following admission, Ocean Partners will have a 4,116,668 common shares representing 4% of the company’s issued share capita. The number of common shares in issue in the Canadian miner […]