Panther Metals plc has awarded the contract for phase I diamond drilling and access trail logistics at Dotted Lake, on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CAMPAIGN The company said that Platinum Diamond Drilling Inc was mobilising to the site as part of drill pad and access preparation work. The […]
Tag: metals and minerals
Cornish Metals secures £7m for South Crofty
Cornish Metals Inc. has entered into a non-dilutive £7 million (US$9.1m) secured credit facility with its 25.95% shareholder Vision Blue Resources Ltd for the South Crofty tin project. DISCUSSIONS The facility, with a term until 31 March 2025 and carrying 15% interest per annum, will be used for general operating and corporate purposes. Chief executive […]
Obituary – mining executive Richard Conroy
Richard Conroy, whose experience covered mining, entrepreneurship, politics and medicine, has died aged 91 following a brief illness. LEGACY In 1995 Professor Conroy founded Conroy Gold and Natural Resources plc, of which he was executive chairman, exploring for base and precious metals in Ireland. He also held the same positions at Karelian Diamond Resources plc […]
Panther sells Australia holding
Panther Metals plc has sold its 18,223,306 shares in Panther Metals Ltd for net proceeds of £219,000 (AUD421,328). STRATEGY Chief executive Darren Hazelwood said that the company’s exit was not a reflection of the Australian company. “Our own strategy is clearly focused on making a transformative discovery on our own highly prospective portfolio, as that […]
Cora indicates possible massive gold system at Tambor
Cora Gold Ltd said that drilling results indicated gold mineralisation associated with a possibly massive system on the Tambor gold anomaly at Madina Foulbé in the Kenieba project area, east Senegal. BEDROCK Completed reconnaissance reverse circulation drilling on 10 targets was at a shallow depth into the underlying bedrock on the 3km long by 1.6km […]
FCM increases loan to £500,000
First Class Metals plc has more than doubled its loan for exploration in northern Ontario from the Seventy Ninth Group. KERRS The new loan agreement increases the original figure from £230,000 to £500,000 and will be drawn in a single tranche, repayable on 25 May 2025 at 15% interest. Seventy Ninth, which previously purchased McKellar […]