Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
Tag: metals and minerals
Condor acquires $6.5m SAG mill
Condor Gold plc is to buy a $6.5 million (£4.67m) complete new semi-autogenenuous mill (SAG mill) package for its La India gold project in Nicaragua. The junior miner has avoided a 12-month wait for the design and manufacture of the equipment by buying the SAG mill from Canadian company First Majestic Silver Corp. The La […]
WCM to face public inquiry on coal mine plans
West Cumbria Mining Ltd (WCM) will face a public inquiry following the Government’s decision, after two previous refusals, to call in the company’s plans for a coking coal mine off the coast of Cumbria. CONTROVERSY The Secretary of State for Housing, Communities and Local Government Robert Jenrick MP gave his reasons as increased controversy over […]
Erris starts deep overburden sampling at Lead Trial
Erris Gold Resources announced it had started deep overburden sampling ahead of scout drilling at the Lead Trial gold prospect within the Loch Tay licence in Perthshire, Scotland. PROGRAMME Lead Trial, near Scotgold Resources’ Cononish mine, is a high grade prospect centred on a magmatic-hydrothermal system adjacent to the Loch Tay Fault which is a […]
Altona appoints Audrey Mothupi as NED
Altona Rare Earths plc (formerly Altona Energy) has appointed Audrey Mothupi as a board non-executive director. Ms Mothupi is chief executive of South African-based SystemicLogic Group, a global financial innovation, data and technology disruptor, specialising in emergent business models. Prior to joining SystemicLogic, she was head of inclusive banking at Standard Bank Group, where her division […]
Altus identifies high priority gold targets in Eastern Desert, Egypt
Altus Strategies plc said it had identified numerous high priority gold targets from remote sensing across its four projects covering 1,565 km2 in the Eastern Desert of Egypt. WORKINGS Altus conducted systematic remote sensing across the projects and found major historical gold mining camps, including the Bakriyah mining district. More than 100 potential hard rock […]