Galantas Gold Corporation completed its private placement to raise a total of C$7,998,980 (£4.7m) to increase operations at Cavanacaw gold mine in Omagh, Northern Ireland. The placement resulted in the issuance of 26,663,264 units at a price of C$0.30 per unit. PARTIES Eric Sprott, through his company Ontario Ltd, acquired 6,333,333 units for C$1,900,000 representing 8.6% in […]
Tag: gold
Conroy Gold starts 2021 drill programme at Clontibret
Conroy Gold and Natural Resources plc has started its 2021 drill campaign at its gold target in Clontibret in County Monaghan, Ireland. Two holes are currently being drilled at the site and will form part of the work programme and due diligence by the company’s proposed joint venture Turkish partner Demir Export A.S. The Clontibret […]
Condor Gold holds £6.3m as it nears shovel-ready status at La India
Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]
Oriole’s partner starts Y4 drilling at Senala
Oriole Resources plc announced that its joint venture (JV) partner has started its year 4 exploration programme at the Senala gold project in southeast Senegal. IAMGOLD Corporation will undertake a planned 11,000 metres of reverse circulation (RC) and diamond drilling at the Faré and Madina Bafé prospects. The Canadian miner has the option to spend […]
Oriole begins regional mapping-sampling at CLP
Oriole Resources plc announced it had started its regional mapping and stream sediment sampling programme at its gold Central Licence Package in Cameroon. SAMPLES The company has collected a total of 180 samples of a planned 1,360 sample programme covering a contiguous land package of 3,592 km sq. Results are expected during the second half of […]
Power Metal eyes new Botswana gold-nickel prospects
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 […]