Cora Gold Ltd aims to raise at least US$19.566 million comprised of equity and convertible loan notes to start developing its flagship Sanankoro gold project in southern Mali. TERM SHEET The funds are part of a mandate and term sheet for £30m with investor Lionhead Capital Advisors Proprietary Ltd, replacing one for $25m in September […]
Tag: precious metals
Conroy Gold plans step-out drilling for 2,000m at Clay Lake target
Conroy Gold and Natural Resources plc plans an eight-hole step-out drill programme for 2,000m on the Derryhennet section of its Clay Lake gold target in the Longford-Down Massif gold trend in Northern Ireland. CLAY LAKE The company’s joint venture Turkish partner Demir Export S.A. is conducting the programme at the target in County Armagh, which […]
FCM to take core of Sunbeam gold project
First Class Metals plc (FCM) expects to hold the ‘core’ Sunbeam mine area claims in Ontario as the company prepares for its 2023 exploration programme. SUNBEAM FCM acquired Sunbeam in early 2022 and was awarded exploration permits to allow drilling. The property includes the historic high-grade underground Sunbeam gold mine which operated from 1898 to […]
Hummingbird receives £15m investment
Hummingbird Resources plc has received a strategic two-tranche investment of US$15 million from African investment company CIG SA. USES The investment will help ensure the start of production by the end of Q2 2023 at the company’s second gold mine Kouroussa in Guinea, and help accelerate further exploration. “As we bring the development of our […]
Power Metal completes 2,402m drill at Molopo
Power Metal Resources plc has completed its 2,402m diamond drill programme at the Molopo Farms Complex nickel-platinum group element (PGE) project in southwestern Botswana. DATASETS The company drilled five holes, focusing on four individual targets areas, to depths of between 300m and 650m. Power Metal will complete logging before shipping remaining samples for testing. “Historical exploration work […]
FCM increases strike length and potential at West Pickle Lake
First Class Metals plc (FCM) reported an increase in strike length to more than 600m following assays at the company’s West Pickle Lake polymetallic project in Ontario, Canada. TRENDING STRUCTURE The company has previously reported high grade intercepts from assays of its 2022 drill programme. FCM today added that the increased strike length remained open […]