Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]
Tag: metals and minerals
Hummingbird extends Dugbe gold licence
Hummingbird Resources plc’s acquisition of the Central licence has increased its Dugbe gold project in southern Liberia to 2,565km2. BUKON JEDEH The new 210km2 area forms the core to the southern part of the project and includes Bukon Jedeh located 8km southeast of Dugbe’s large Tuzon deposit. Pasofino Gold Ltd has an earn in option […]
Hummingbird gold output rises as bank debt falls
Hummingbird Resources plc reported an increase in gold production and a stronger balance sheet but a rise in costs in its third quarter results posted today. The gold exploration company operating in Guinea, Liberia and Mali in West Africa announced gold production rose to 24,722 oz of gold poured (Q2 2020: 24,054 oz) on an […]
Hummingbird positive over Yanfolila drill
Hummingbird Resources has nearly completed its $5million drilling and exploration programme for 2020 as it assesses its resources at Yanfolila in southwest Mali. The gold exploration and development company has drilled more than 21,509 metres this year and completed 95% of the programme. Hummingbird said that one of its key internal goals this year was […]
Anglesey raises £200,000 via placing
Anglesey Mining plc has raised £200,000 via a placing of 12.5 million shares, representing approximately 6.7% of its current issued share capital, at 1.6 pence per share. SCOPING STUDY Proceeds will be used to incorporate all QME engineering and optimisation studies into an updated scoping study or preliminary economic assessment for Parys Mountain. Anglesey will […]