Metals & Minerals News

Galantas mobilises for drilling Kerry Road

Galantas Gold Corporation has started mobilisation for a drill programme at its recently acquired Gairloch precious and base metals project in Wester Ross, Scotland. PROGRAMME The target is a volcanogenic massive sulphide (VMS) gold-copper-zinc deposit exposed at surface and one of the oldest known Besshi deposits. The Canadian company’s initial 800-metre programme at Kerry Road […]

Metals & Minerals News

Galantas to drill extension at Kerr zone-Joshua vein

Galantas Gold Corporation plans to drill an initial 600-metre extension targeting the Kerr zone and deeper extensions of the Joshua vein at the Cavanacaw mine in Omagh, Northern Ireland. UNDERGROUND DRIVES The Canadian company will drill the under-explored area between the Joshua and Kearney veins, approximately 300m north and on strike of the Kerr surface […]

Finance Metals & Minerals News

Oriole targets $1m to develop CLP gold licences

Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]

Metals & Minerals News

Anglesey Mining prepares EIA for Parys

Anglesey Mining plc expects to submit an environmental impact assessment (EIA) and revise existing permissions for its Parys Mountain copper-zinc-lead-gold-silver project. LEGISLATION Changes in the Town & Country Planning Act and environmental legislation have been made since the company received approval for several existing planning permissions, valid until 2028. To gain consents for the former […]

Metals & Minerals News

Scotgold Resources begins long hole stoping with first blast at Cononish mine

Scotgold Resources Ltd began long hole stoping yesterday with the first blast in the eastern section of the 430 West drive at its Cononish gold and silver mine near Tyndrum in Scotland. LONG HOLE STOPING The operations follow poor gold grades encountered at the 430 West ore drive, prompting the company to alter its plans […]

Finance Metals & Minerals News

Scotgold secures $500,000 and defers £450,000 loan interest

Scotgold Resources Ltd has secured a US$500,000 advance and deferred payment of £450,000 on loan interest to help with short-term working capital for the Cononish gold-silver mine. BRIDGE BARN The arrangements follow the company’s rise in debt and losses as well as fears for its immediate survival from lack of funds and poor gold grades. […]