Kavango Resources plc said results from competed diamond drilling at prospect 2 reinforced its belief that a wider mineralised system extended at its Hillside project in Zimbabwe. RESOURCE Three holes tested for geological continuity of structures, along strike and with increasing depth, and evaluated grade variation within multiple shear zones hosting gold-producing artisanal workings at […]
Tag: metals and minerals
Red Rock issues 44m shares for £20,000 advance
Red Rock Resources plc has issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share, to convert a £20,000 advance by an existing shareholder. Following admission, the company’s issued share capital will comprise 5,004,338,042 ordinary shares, with voting rights. None of the shares is held in treasury.
Red Rock secures extension for CLNs
Red Rock Resources plc has secured an extension to and settled interest on its 12% convertible notes to 18 November 2024. The notes relate to the July 2022 issue of £623,000 notes with accompanying warrants to high net worth investors. In August 2023 the company extended the term of the notes, and agreed a partial […]
Red Rock receives offer for Australia gold assets
Red Rock Resources plc said it had received an offer “in respect of its interest” in Red Rock Resources Australasia Ltd (RRAL) with licences in Victoria, containing the Berringa mine, and South Australia. DELAYS No further details were given in the announcement on 23 August. The company and partner Power Metal Resources plc owned 50.1% […]
Horizonte directors’ appointment ends
Horizonte Minerals plc has filed the ending of four non-executive director appointments. Companies House published the terminations, dated 5 August, of Gillian Davidson, former interim chief executive officer Karim Nasr, Vincent Benoit and John MacKenzie. As at 23 August Nicholas Michael, appointed in January 2024, and Paul Smith appointed in December 2023, remain listed as […]
Guardian findings at Pilot ‘exceed expectations’
Guardian Metal Resources plc said visual findings had greatly exceeded expectations from phase I diamond drilling at Pilot Mountain tungsten project in Nevada, USA. TARGETS The programme, started in May, was for an initial 2,000 metres but now in its eighteenth hole, has reached 2,396.2m. The rig will remain on site and continue drilling at the company’s […]