Power Metal Resources plc has begun reverse circulation (RC) drilling following last month’s mapping exercise at its 100% owned Tati gold project within the Tati Greenstone Belt (TGB) near Francistown, northeast Botswana. TATI The company holds prospecting licences PL126/2019, PL127/2019 for gold and nickel mineralisation as well as the 16.14km2 PL049/2022 covering the historic Cherished Hope gold mine. DRILL […]
Tag: gold
Condor issues more detailed MRE for La India
Condor Gold plc reported a more detailed and conservative mineral resource estimate (MRE) for its 100% owned La India project in Nicaragua. MRE The revised MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated category, and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred category. The […]
Oriole early results could confirm new gold district
Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]
Galantas increases private placement target to C$6m
Galantas Gold Corporation said it had signed an amending agreement to increase the size of its proposed private placement of raising CAD$4 million to up to $6m (£3.9m). UNITS The deal is with Canaccord Genuity Corp, on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation. The Canadian […]
Tertiary sells Finnish gold royalty
Tertiary Minerals plc is to sell its royalty interests in the Kaaresselkä and Kiekerömaa gold projects in Finland for CAD$200,000 to Aurion Resources Ltd. USES The binding agreement will also see Tertiary become once more a shareholder in Aurion with the issue of 83,333 common shares in the Canadian company. Tertiary executive chairman Patrick Cheetham […]
Chesterfield deems secondary listing ‘not prudent’
Chesterfield Resources plc has revised its plans for secondary listings on the Toronto Stock Exchange Venture, Frankfurt and the OTC markets for its copper assets. STRATEGY The move is part of the company’s strategy to unlock value for shareholders from its Adeline project in Labrador, Canada and exploration package in Cyprus. In a statement, Chesterfield […]