Ormonde Mining plc investee has signed a definitive agreement with a third company to join the Golden Rose copper-gold project in Newfoundland, Canada. ACCELERATE TRU Precious Metals Corp. granted Eldorado Gold Corp an exclusive option to earn an 80% ownership interest in the joint venture. Under the terms Eldorado’s expenditure will total $7 million with […]
Tag: Golden Rose – Newfoundland
Ormonde investee starts Golden Rose exploration
Ormonde Mining plc’s 36.2% investee has started copper-focused exploration at the Golden Rose project in western-central Newfoundland, Canada. PIPELINE TRU Precious Metals Corp will concentrate on the deposit-bearing Cape Ray – Valentine Lake Shear Zone. The programme aims to develop deeper understanding of the potential at Golden Rose, and ideally identify drill targets. In addition […]
Ormonde investee plans Golden Rose exploration
Ormonde Mining plc’s investee plans copper-focused exploration during the summer at the Golden Rose project in western-central Newfoundland. DRILL TRU Precious Metals Corp’s assessment in the Cape Ray – Valentine Lake shear zone will also investigate other minerals occurrences hosting nickel and zinc. The programme will include prospecting, grab (rock) sampling, reconnaissance soil sampling and […]
Ormonde encouraged by Golden Rose sampling results
Ormonde Mining plc reported “significant” gold-copper assay results from its investee’s prospecting and bedrock sampling in the Central Newfoundland gold belt. TIER-1 POTENTIAL TRU Precious Metals Corp used recent high resolution satellite and remote sensing data over the property to discover new gold and critical minerals targets at the Golden Rose project. Ormonde said that grab […]
Ormonde shareholders back TRU investment
Ormonde Mining plc has received shareholder approval to invest an initial 36.2% controlling interest in TRU Precious Metals Corp, exploring for gold and copper in Newfoundland. AQSE The Dublin-based company will focus on TRU’s Golden Rose project as well as evaluation of other mineral property opportunities. Ormonde retains its 20% interest in Peak Nickel Ltd […]
Ormonde to exit AIM-Euronext in Canada acquisition
Ormonde Mining plc plans to cancel its AIM and Euronext Growth Market listings as part of its proposed investment via a subscription in a Canadian gold-copper explorer. RULES The company became an AIM Rule 15 cash shell in October 2022 and was required to make an acquisition or acquisitions constituting a reverse takeover (RTO) on, […]