First Class Metals plc has upgraded the Dead Otter trend within its North Hemlo property to “high profile” target and accelerated exploration with a “potentially significant impact”. DISCOVERY The project was previously confirmed to have a discontinuous 3.7km long gold trend, open along strike, in the south of the property. Gold was also panned from […]
Tag: metals and minerals
Power Metal extends uranium JV due diligence
Power Metal Resources plc has extended the due diligence period for the creation of a uranium-focused joint venture in Canada. PROGRESS The June agreement for the company’s entire Saskatchewan portfolio with ACAM LP includes a £2m subscription and a £10m non-binding term sheet. Power Metal holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within […]
Arkle survey indicates Makgadikgadi brines
Arkle Resources plc said survey analysis across its two Makgadikgadi blocks indicated the presence of a conductive layer, expected to be brines, averaging 30 metres deep. SAMPLING Four wide spaced transient electromagnetic lines were completed across the near 1,000 km2 area in the salt pans of northeast Botswana, with results pending. Samples of the brines […]
EGT encouraged by Limni sampling
European Green Transition plc reported “encouraging” results from diligence sampling at its copper tailings recycling option at the past producing Limni mine in western Cyprus. PROGRESS From 68 samples, the company found acid soluble copper ranging from 0.41% to 0.92% in crusts, “clearly” demonstrating the presence of copper in water at surface. EGT said that […]
Cadence investee intercepts pegmatitic intrusions
Cadence Minerals plc investee company has intercepted pegmatitic intrusions in multiple locations at the Bynoe project, 50km south of Darwin. EVIDENCE Evergreen Lithium Ltd, in which Cadence currently holds 8.74%, logged air core drill samples at the Lunchbox and Frogmouth prospects, identifying pegmatites close to surface. Cadence said that early drilling provided evidence that that […]
Tungsten West raises £2.9m via CLN
Tungsten West plc has raised £2.975 million by way of an additional tranche E to the existing 2023 convertible loan notes and tranche D CLN. FINANCING The amended and restated CLN to a tranche E is on substantially the same terms as tranches A, B, C and D and matures on 31 January 2025. Tungsten […]