Alba Mineral Resources plc has removed around 25 tonnes of ore from historic mining, due to be processed for gold, from the Llechfraith target at its Clogau-St David’s mine in north Wales. BLASTING The “significant” exercise cleared the in-situ ore on levels 4 and 5, which “greatly exceeded” the anticipated volume and consequently extended the […]
Tag: metals and minerals
Mushima North shows widespread mineralisation
Tertiary Minerals plc has intersected widespread copper and zinc mineralisation at its Mushima North copper project in Zambia. ANOMALY Twenty-five holes were drilled to a maximum depth of 112m on three traverses at target A1, a copper-in-soil anomaly covering 3km north-south by 1.5km east-west, and one at C1. Multiple drill holes from the inaugural programme […]
Power Metal formalises Oman copper earn-in
Power Metal Resources plc has finalised the formal binding earn-in on the Block 8 copper concession in the Hazm area of northwestern Oman. SAMPLING Agreed with Alara Resources Ltd and Awtad Copper LLC, the company’s subsidiary Power Metal Arabia will spend up to US$740,000 for a 12.5% stake. The company’s four main workstreams comprise stream and Wadi sampling with initial […]
Oriole identifies gold mineralisation at Gamboukou
Oriole Resources plc has identified gold mineralisation from stream sediment sampling at Gamboukou within the district-scale Central Licence Package in the Adamawa region, central Cameroon. ENCOURAGED Of a total 407 samples, nine samples graded 10 parts per billion gold or more, and a highest value of 39ppb gold. The company said that the results were comparable […]
CMR issues three million shares to convert CLN
Critical Mineral Resources plc has issued 3,068,243 new ordinary shares of £0.01 each after receiving notice to convert the principal amount of a convertible loan note with unpaid interest, totalling £33,750.68. Following admission, the company’s enlarged issued share capital will comprise 83,867,102 ordinary shares. Of the total, 2,666,666 ordinary shares are in treasury with no […]
Golden Rose to undergo detailed review
Ormonde Mining plc’s investee in Canada has begun an analysis of the Golden Rose gold-copper project in the central Newfoundland gold belt. FUNDING Funded by 80% earn-in partner Eldorado Gold Corp, the detailed review will include assessment and verification of existing data before being infilled and updated. Project owner TRU Precious Metals Corp will begin on […]