Joint venture partners Kavango Resources and Power Metal Resources announced “encouraging” zinc concentrations in the Kalahari Copper Belt (KCB), Botswana. Zinc is a recognised pathfinder element for the less mobile copper ions in the soil. The JV expects to conduct airborne electromagnetic geophysics (AEM) surveys over prospective sections of the South Ghanzi project in Q1 […]
Tag: metals and minerals
Kavango Resources chairman Douglas Wright to leave
Kavango Resources plc’s chairman and non-executive director Douglas Wright will resign at the end of 2020 to concentrate on his other business interests. Mr Wright joined the company as non-executive chairman prior to its admission to the Official List in 2018 and helped guide the company through the IPO process. Kavango co-founder and non-executive director Mike […]
Red Rock steps into Adidi-Kanga gold dispute
Red Rock Resources plc has entered into two deed agreements following a dispute involving Vector Resources Ltd (VEC) which holds 60% of the Adidi-Kanga gold project in the Democratic Republic of Congo. ARBITRATION Chairman Andrew Bell said that the company was “well positioned” to play a constructive role given its familiarity with VEC, which has […]
Power Metal finishes second Molopo drill
Power Metal Resources plc said the second of four planned drill holes is now complete at its nickel sulphide-platinum group metals (PGM) joint venture project at Molopo Farms Complex in Botswana. PROGRAMME Kalahari Key Mineral Exploration Pty Ltd has the majority share in the Molopo project. The operator drilled hole KKME 1-6 was drilled to […]
Anglesey narrows losses as it awaits Micon report
Anglesey Mining plc reported it raised £225,000 from the exercise of warrants and managed to narrow losses during the first half of 2020 at its base and precious metals site on Parys Mountain in North Wales. The fundraise follows a private placing in August of £200,000 to reach a total of £425,000. In the company’s […]
Power Metal starts field work at Alamo
Power Metal Resources plc today announced it had established a camp and started field work at its Alamo gold project in Arizona, USA. NUGGETS The company, which has the right to earn-in up to 75% interest in the project, is focusing on six areas where geological mapping has identified conglomerate units prospective for hosting coarse […]