Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali. DEBT MANDATE Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group […]
Tag: precious metals
Kavango signs first Zimbabwe gold option
Kavango Resources plc has signed an exclusive two-year option to acquire a producing gold exploration project in Matabeleland, southern Zimbabwe. MINES AND TAILINGS The Nara project comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines. Total recorded historic production, between the early 1900s and early 1960s, from underground workings amount […]
Arkle shareholder reduces holding to below 3%
Arkle Resources plc shareholder Andrew Batchelor is reported to have more than halved his shares in the company to below 3%. In April 2023, Mr Batchelor increased his holding to 25 million ordinary shares, representing 6.32% of the issued share capital. The Irish gold and zinc exploration company yesterday said that, following a recent review […]
Galantas surface drilling targets inferred resource
Galantas Gold Corporation will begin new surface drilling to target inferred resource and potentially increase ounces at Cavanacaw mine in Omagh, Northern Ireland. MINE PLAN The Canadian company yesterday received permission from Fermanagh and Omagh District Council’s planning committee to drill eight exploration holes in early July. These will target gaps and areas of the […]
Red Rock granted first licence in Côte d’Ivoire
Red Rock Resources plc has been granted its first licence in Côte d’Ivoire with the Djekanou gold project located south of the capital Yamoussoukro. SHEAR ZONE The company’s subsidiary LacGold Resources Sarlu has an initial four years for the licence, covering 344.5 km2, in the department of Djekanou and nearby. The licence is one of […]
FCM pans gold from Dead Otter trend
First Class Metals plc (FCM) has observed and panned gold from grab samples on the Dead Otter trend at North Hemlo in northwest Ontario, Canada. CONFIDENCE The company added that a number of gold flecks were seen in the ‘tail’ in the panning dish. “This is significant in not only proving the presence of gold […]