Green Glen Minerals Ltd has agreed an exclusive option for long-term access and development, including drilling, for the Lead Trial gold prospect within the Loch Tay licence in Perthshire, Scotland. LEAD TRIAL The company, previously named Erris Gold, is exploring the discovery near Loch Tay, 43km east of Scotgold Resources’ Cononish gold mine and within […]
Tag: precious metals
Scotgold CEO Phil Day resigns
Scotgold Resources Ltd’s chief executive officer Phil Day intends to resign to spend more time with his family in Australia. The Australian company said it had started the recruitment process for his successor. “I am very pleased with what we as a team have accomplished during my time as CEO,” said Mr Day who began […]
Golden Metal identifies Carlin-type gold systems at Golconda
Golden Metal Resources plc has identified Carlin-type* gold systems from rock sampling at the Golconda Summit project in the prolific Walker Lane mineral belt, northern Nevada, USA. FEEDER ZONE The company aims to be the first to drill test fully the multiple prospective lower plate rocks below the project, including the Antler Peak limestone, Edna Mountain and Preble formations […]
Galantas makes ‘significant progress’ at Cavanacaw
Galantas Gold Corp said it had made significant progress to restart the Cavanacaw mine in Omagh, Northern Ireland. OPERATIONS In the Canadian company’s unaudited results for the first quarter ending 31 March 2023, chief executive Mario Stifano added that the company was developing engineering plans to accelerate development to the Joshua vein by 12 months. […]
Power Metal completes initial exploration at Tati mine
Power Metal Resources plc’s ground geophysics and trenching have confirmed the geological setting in the Cherished Hope mine at the Tati gold project near Francistown in Botswana. MINERALISATION The results are from completed initial exploration phases of ground geophysics and 431 metres of trenching over the northwest over the mine and southeast extensions. Beneath overburden in […]
Oriole issues 165.5m share options
Oriole Resources plc’s board of directors has agreed further salary sacrifice and new share option remuneration plans for staff and local employees in the company’s Cameroon gold projects. SALARY SACRIFICE The agreement follows completion last month of a share-based salary sacrifice scheme resulting in the entire board taking shares in the company in lieu of […]