Alba Mineral Resources plc said it had received assay results from gold concentrates up to 1,000 g/t, with average head grades of 1.7 g/t from the historic waste tip at its Clogau-St David’s gold mine in Wales. WASTE TIP The 2,833 m² waste tip comprises ore rock mined but discarded and not processed for its gold content during […]
Tag: precious metals
Scotgold repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]
Scotgold receives first £1.2m tranche of Fern Wealth loan
Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]
Oriole completes sampling of priority 1 grids at CPL
Oriole Resources plc has completed sampling of the remaining four ‘Priority 1’ grids for a further 3,114 samples at its Central Licence Package (CLP) in Central Cameroon. LICENCE APPLICATION The news comes with the company’s application for a further licence, Maboum, to the east of the CLP and contiguous with the existing package. SAMPLING The […]
Oriole notes start of second work programme at Senala
Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]
Cora Gold positive on second Sanankoro drill results
Cora Gold Ltd said its second set of results showed from its 2022 drill programme showed shallow oxide mineralisation of good widths and grade at its project at Sanankoro in southern Mali. RESULTS The company’s reverse circulation (RC) drilling highlights from Zone B North include: 17m @ 2.85 g/t Au from 81m in hole SC0616 […]