Cora Gold Ltd said it continued to be impressed with results as it ended phase 1 of the drilling campaign at the Selin prospect at the Sanankoro gold project, southern Mali. The junior miner is nearing the halfway mark of its largest ever drilling campaign, which began in March 2021. The company plans to drill […]
Tag: gold
Cora Gold raises £3.1m via subscriptions
Cora Gold Ltd said it had conditionally raised £3,132,937.50 million (before expenses) through a subscription of 40,425,000 new ordinary shares of no par value in the company at 7.75 pence per ordinary share. Excess demand from subscribers to the fundraising means that Cora allotted the maximum number of shares. Binding commitments to subscribe for a […]
Altus extends gold mineralisation and project area at Tabakorole
Altus Strategies plc has increased gold mineralisation and nearly doubled its project area with two new licences at Tabakorole in southern Mali. Exploration is being funded by Marvel Gold Limited under its joint venture (JV) with Altus which holds a 49% equity interest and 2.5% net smelter return (NSR). ltus holds 49% of the project […]
Hummingbird on course to clear debt
Hummingbird Resources plc posted a stronger balance sheet and net cash position despite less gold produced from its projects in West Africa. EARN-IN The company faced higher costs and lower-than-expected gold production at Yanfolila due to Covid-19, a change in the mine plan, a coup in Mali which affected logistics, and extreme weather. For full year […]
Red Rock hopes high for Luanshimba drilling
Red Rock Resources plc said it had nearly completed preparations for a drill campaign at its 80%-owned copper and gold targets at the Luanshimba project in the Democratic Republic of Congo. The project, situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, is in a 420 hectare prospecting licence (PR13513) in the […]
Alba starts surface and underground drilling at Clogau gold mine
Alba Mineral Resources plc said it had started the second phase of underground diamond drilling programme and surface drilling at Clogau-St David’s gold mine, North Wales. SURFACE DRILLING On 12 April, Phase 2 of its surface drill programme began and will consist of eight to 10 holes for around 2,000m. The drilling is targeting the […]