Cora Gold Ltd said it had completed and submitted an environmental and social impact assessment (ESIA) for the company’s flagship Sanankoro gold project in southern Mali. ESIA ESIA work included stakeholder engagement, specialist baseline and impact assessment studies (including biodiversity, water and social studies), an integrated environmental and social management programme, a conceptual closure and […]
Tag: precious metals
Galantas begins production process at Cavanacaw
Galantas Gold Corporation said it had started the production process with long drilling in the first series of stopes at the Cavanacaw gold and silver project in Omagh, Northern Ireland. STOPES The Canadian company added that installation of the secondary egress from the 1,096 to 1,052 level was in the final stage of completion and […]
Oriole to raise £400,000 via placing-subscriptions
Oriole Resources plc has conditionally raised £400,000 comprising an equity raise, directors’ subscriptions and a salary sacrifice scheme. FUNDRAISE The fundraise comprises £300,000 in a placing and £40,000 from subscriptions by certain directors through the issue of 188,888,888 new ordinary shares at the placing price of 0.18 pence per share, equal to a 14% discount. […]
Galantas raises $500,000 in warrant exercises
Galantas Gold Corporation received gross proceeds of CAD$503,600 after receiving notices to exercise by the company’s former president and chief executive. The early exercise of 920,000 warrants was at an exercise price of CAD$0.33 by G&F Phelps Ltd, a company wholly owned by Roland Phelps. The company received a further notice to exercise 500,000 warrants […]
Hummingbird increases gold estimates
Hummingbird Resources plc said it had materially increased its company reserves from 1.12 million ounces to 4.13Moz and resources by 8% to 7.28Moz for its three gold projects in West Africa. PROJECTS The company’s assets comprise Yanfolila in Mali ; Kouroussa in Guinea including an inaugural ore reserve at the Kinkine deposit and higher-grade ore […]
Hummingbird chairman Russell King to retire
Hummingbird Resources plc announced that its non-executive chairman Russell King would retire with effect from 29 June 2022. Mr King has been chairman of the company since November 2014. Chief executive Daniel Betts will assume the role of interim executive chairman and CEO until the company appoints a new chairman.