Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]
Tag: precious metals
Power Metal quickens to drill strong Molopo conductor
Power Metal Resources plc will bring forward its 2022 diamond drill programme after it identified a large magnetic conductor at its nickel-copper-platinum group element (PGE) project at Molopo Farms Complex, southwest Botswana. MAGNETIC CONDUCTOR The company completed two ground-based electromagnetic (EM) geophysics surveys, over areas hosting 2020-2021 diamond drillholes KKME 1-14 (K1-14) and KKME 1-6 (K1-6). Power […]
Galantas increases private placement target to C$6m
Galantas Gold Corporation said it had signed an amending agreement to increase the size of its proposed private placement of raising CAD$4 million to up to $6m (£3.9m). UNITS The deal is with Canaccord Genuity Corp, on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation. The Canadian […]
Tertiary sells Finnish gold royalty
Tertiary Minerals plc is to sell its royalty interests in the Kaaresselkä and Kiekerömaa gold projects in Finland for CAD$200,000 to Aurion Resources Ltd. USES The binding agreement will also see Tertiary become once more a shareholder in Aurion with the issue of 83,333 common shares in the Canadian company. Tertiary executive chairman Patrick Cheetham […]
Power Metal starts next Molopo exploration phase
Power Metal Resources plc said it had started the next phase of exploration ahead of drilling at its nickel-copper-platinum group element (PGE) project at the Molopo Farms Complex in southwest Botswana. WORK The company has engaged Spectral Geophysics to conduct two electromagnetic geophysics surveys for precise targeting of planned diamond drill holes. Power Metal’s technical team has […]
Galantas drilling shows dilation zones at Joshua-Kearney
Galantas Gold Corporation said its drill programme results had shown dilation zones at the Joshua and Kearney veins in Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s 4,000m drill programme includes three holes drilled from the underground development at the Kearney vein. Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney vein and […]