Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]
Tag: precious metals
Galantas feels cost pressures but cuts losses
Galantas Gold Corp has reduced losses but recorded no sales revenue as it experiences pressure from fuel, energy and labour costs at its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for Q2 2022 showed net loss as CAD$1,580,168 (Q2 2021: $2,888,568). Galantas made a cash loss from operating activities […]
Alba to submit renewed application to dewater Llechfraith shaft at Clogau
Alba Mineral Resources plc said it aimed to submit in September its renewed application to dewater the Llechfraith shaft at the Clogau-St David’s gold project in North Wales. APPLICATION In November 2021, regulator Natural Resources Wales (NRW) refused to grant the company permission to dewater the shaft which lies below the Llechfraith adit level. The […]
Power Metal starts RC drilling at Tati
Power Metal Resources plc has begun reverse circulation (RC) drilling following last month’s mapping exercise at its 100% owned Tati gold project within the Tati Greenstone Belt (TGB) near Francistown, northeast Botswana. TATI The company holds prospecting licences PL126/2019, PL127/2019 for gold and nickel mineralisation as well as the 16.14km2 PL049/2022 covering the historic Cherished Hope gold mine. DRILL […]
Kavango steps up search for JV partner following KSZ exploration report
Kavango Resources plc said it would accelerate its search for a joint venture partner following completion of the most comprehensive exploration programme on the Kalahari Suture Zone (KSZ) Botswana. SUMMARY The company will also continue geophysical surveys while preparing to drill the B Conductors in the project which focuses on discovering nickel-copper-platinum group element deposits. […]
Condor issues more detailed MRE for La India
Condor Gold plc reported a more detailed and conservative mineral resource estimate (MRE) for its 100% owned La India project in Nicaragua. MRE The revised MRE is 9,672 kt at 3.5g/t gold for 1,087,000 oz gold in the indicated category, and 8,642 kt at 4.3 g/t gold for 1,189,000 oz gold in the inferred category. The […]