Altus Strategies plc said it had made significant broad and high-grade intersections from reverse circulation (RC), aimed to increase mineral resource, at the Tabakorole gold project in southern Mali. Exploration activities at Tabakorole are funded by Australian miner Marvel Gold Ltd under its joint venture (JV) with Altus, which holds a 49% equity interest and […]
Tag: gold
Conroy proposes joint venture with Turkish miner
Conroy Gold and Natural Resources plc said it had signed a letter of intent (LOI) with Demir Export, which could give the Turkish miner 57% of its gold exploration project on the Irish border. PROJECT INIS The move comes as the junior mining company also announced that discussions had ended on a proposed JV with […]
Scotgold lowers output guidance as it mulls Covid loan
Scotgold Resources Ltd slightly lowered its production guidance for March due to slow recruitment and training as the junior miner said it was considering a Covid-19 government loan. The Australian company said that the delay to production had resulted in a negative impact on the company’s cash position. Scotgold reported it had made some progress […]
Power Metal acquires further Ontario gold properties
Power Metal Resources plc has exercised its options to buy two further properties on the Schreiber-Hemlo greenstone belt in north-western Ontario, Canada. OPTION The Magical and Enable properties are the final two of four gold exploration properties on which the company signed an exclusive option to acquire a 100% interest. The move follows the company’s […]
Power Metal acquires Coco East
Power Metal Resources plc has exercised its option to acquire the Coco East property located on the prospective Schreiber-Hemlo greenstone belt, in northwest Ontario. TARGETS Coco East is the second of four gold exploration properties for which the company has an exclusive option to acquire a 100% interest. The acquisition follows Power Metal’s recent acquisition […]
Alba to start field work on Gwynfynydd gold mine
Alba Mineral Resources plc announced it would begin its first field work on Gwynfynydd gold mine in the next planned phase of work at its Dolgellau gold exploration project in north Wales. The project encompasses parts of the Dolgellau gold field that lie outside the footprint of the site’s two mines; Clogau-St David’s gold mine […]