Hummingbird Resources plc announced significant results from 3,367m of reverse circulation (RC) drilling at Sanioumale East (SE) and 2,474m of diamond core drilling at Komana East (KE) at Yanfolila gold mine, Mali. The miner is focused on increasing mineral resources at known deposits and testing new greenfield targets, with some 5,800 metres drilled so far […]
Tag: gold
Scotgold Resources raises £1.5m through placing
Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.
Hummingbird finds new gold ounces at Yanfolila
Hummingbird Resources plc said it had discovered new ounces of gold and will double its 2021 exploration budget to $10 million at Yanfolila, southern Mali. The news comes as the company published a new internal mineral resource estimate (MRE) following its £5m 2020 exploration programme. Hummingbird said it had met last year’s three objectives which […]
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]
Altus finds potential new zone at Tabakorole gold project
Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali. The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project. Exploration at Tabakorole is funded by Marvel Gold Ltd […]
Oriole agrees gold exploration budget for Senala
Oriole Resources plc said it had reached an agreement over an underspend with its joint venture partner of £1.8 million at the Senala gold project in Senegal. Earlier in March, IAMGOLD Corporation had requested to carry forward US$172,000 from Year 3 into Year 4. bityl.co/660c As per the terms of the option agreement, IAMGOLD proposed […]