Oriole Resources plc said it had found further evidence of the size and grade of the gold anomaly from pilot channel sampling at Mbe within the Central Licence Package (CLP) in Cameroon. DRILL TESTING Mbe is one of five licences in the Eastern CLP, with the overall package prospective for a range of commodities including orogenic-style […]
Tag: precious metals
Oriole’s new earn-in partner restarts Senala exploration
Oriole Resources plc reported the restart of exploration work by its new earn-in partner at the Senala gold project in Senegal. JOINT VENTURE On 26 April, former Canadian partner IAMGOLD Corporation completed the sale of its Senegal subsidiary AGEM to Moroccan miner Managem Group. Oriole currently has a 41.65% interest in the project. DRILLING Managem […]
Scotgold finds lower than expected grade at Cononish
Scotgold Resources Ltd said it had encountered “lower than expected grade” at 19m of the 115m strike length in Cononish gold and silver mine near Tyndrum in Scotland. OPERATIONS The company added that long hole stoping was “progressing well” and “for the most part” in line with the 2023 mine plan. A total of 1,956 […]
Scotgold raises £2m via open offer-subscription
Scotgold Resources Ltd has raised a total £2 million from an open offer and subscription for its Cononish gold-silver mine near Tyndrum. BOARD APPOINTMENT The open offer, closed on 12 May, will see the maximum number of 10,065,262 open offer shares issued, raising £1.5 million. On admission, Scotgold will have 80,500,346 ordinary shares in issue […]
Conroy Gold intersects high grade bedrock at Newtownhamilton
Conroy Gold and Natural Resources plc intersected high grade bedrock gold from trenching at its joint venture (JV) Mines Royal option of Newtownhamilton in County Armagh, Northern Ireland. MINERALISATION The company said assay results, including a gold intersection of 1.0m at 64.3g/t gold, confirmed the bedrock source of the high grade (up to 123.0g/t Au) […]
Red Rock raises £535,800 via placement
Red Rock Resources plc raised £535,840 before expenses by placing 376,028,070 new ordinary shares each of £0.0001 in the company at 0.1425 pence per placing share. USES Following admission, the company’s total issued share capital will consist of 1,958,538,069 ordinary shares, each with one voting right. Red Rock holds no shares in treasury. Net proceeds will fund the company’s […]