Galantas Gold Corporation said that additional interest had prompted it to increase the previously announced non-brokered private placement and target fundraise from C$2 million to $2.75m. USES In March, the Canadian company announced an offering of up to 5,555,555 units of the company, each at C$0.36, which is now raised to 7,638,888 units. Net proceeds […]
Tag: precious metals
New Ballarat finds further visible gold at Berringa
New Ballarat Gold Corp (NBGC) has now found visible gold in four of six completed diamond drill holes for a total 988 metres at Berringa mine in the Victoria gold fields in Australia. JOINT VENTURE The company, planned for listing, is a joint venture (JV) between Red Rock Resources plc (51.1%) and Power Metal Resources […]
Conroy results show intersection extends 40m at 1.2g/t gold on Clay Lake JV target
Conroy Gold and Natural Resources plc assays showed a gold intersection extending 40.5m at 1.2 g/t gold on the Clay Lake target in County Armagh, Northern Ireland. CONTINUITY The results are from the first of an eight-hole step-out drilling programme for 2,000 metres on the Derryhennet section conducted with joint venture partner (JV) Demir Export […]
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
Galantas to raise up to C$2m via private placement
Galantas Gold Corporation is offering a non-brokered private placement of up to 5,555,555 units, each at C$0.36 to raise up to C$2 million. USES Each unit comprises one common share of the company and one common share warrant. Each warrant entitles the holder to purchase an additional common share at C$0.55 per share for a period of […]
Oriole finds fresh signs of new gold district at Mbe
Oriole Resources plc reported further high grade golds and notable mineralisation from additional rock-chip sampling results at the Mbe licence on its Central Licence Package (CLP) in Cameroon. BULK DEPOSIT The results are from 27 selective rock-chip samples taken from outcropping rocks in a structural corridor at Mbe, one of five licences within the Eastern […]