Power Metal Resources plc has signed an option agreement, with a down payment on drilling, to acquire a 100% interest in two gold-nickel prospecting licences in the Tati Greenstone Belt (TGB), northeast Botswana. Following a 60-day period of due diligence, Power Metal may exercise the option through its newly formed 100% owned subsidiary Power Metal […]
Tag: gold
Cora Gold notes further strong drill results at Sanankoro
Cora Gold Ltd reported further strong results from its largest ever drilling campaign at its Sanankoro gold project, Southern Mali. The company plans to drill up to 35,000m by the end of July 2021 to target resource growth as well as infill drilling to convert existing inferred resources to indicated. A total of 116 holes […]
Condor Gold notes high grade drill results in La India starter pits
Condor Gold plc reported high grade intersects with the completion of infill drilling in the starter pits at La India gold project, Nicaragua. Condor said it intended to mine them early to quicken the payback period and enhance the project’s economics. The two planned high-grade starter pits (up to 35 metres deep) were drill tested […]
Cora posts promising first 2021 Sanankoro drill results
Cora Gold Ltd announced “extremely promising” first results from its 2021 drill programme at Sanankoro gold project in Southern Mali. The miner has to date drilled 79 holes totalling more than 7,500m from the start of the campaign to 18 April. The first 58 holes totalling some 5,531m, were drilled at the Selin prospect in […]
Hummingbird focuses on water supply for Mali villages
Hummingbird Resources plc made progress during the first quarter of 2021 with its environment, social and governance (ESG) initiatives in Mali. In its production, operational and trading report for the Q1 2021, the miner said it had made particular advances in water infrastructure for several locally supported villages. Ongoing water rehabilitation at the locally supported […]
Hummingbird expects gold output to rise after slow start
Hummingbird Resources plc announced an expected slow production start to the year with improvements anticipated during the second quarter at its gold projects in Mali, Guinea and Liberia. In its production, operational and trading report for the Q1 2021, which included ESGs, the miner recorded gold pour of 22,781 oz (Q4 2020: 22,012 oz). Gold sold […]