Scotgold Resources Ltd has placed employees on “short term unpaid leave” and is talks with an “administration specialist” while it faces action from a creditor. FINANCING The Australian company continues “financing discussions” to develop its Cononish gold and silver mine and reached an advanced stage with “confirmatory diligence being undertaken”. “These have not yet reached […]
Tag: precious metals
Oriole refocuses Wapouzé on industrial minerals
Oriole Gold plc has identified “high-grade carbonate material” at Wapouzé but “significantly lower” gold potential than its nearby Bibemi project in northern Cameroon. ROYALTY PAYMENTS A review of historical data showed the potential for “cement-quality limestone” with 13 of 14 rock chip samples from outcropping limestone suitable for the country’s £700 million cement industry. The […]
Galantas first surface drill falls in predicted dilation zone
Galantas Gold Corp’s first drill hole in the new surface drill programme has fallen within a predicted dilation zone at the main Joshua vein in Cavanacaw mine, Omagh. POTENTIAL Dilation zones, first identified in the Kearney vein, have the potential for wider widths of mineralisation. Hole FR-DD-23-196 targeting a gap in the earlier resource model […]
Gold-in-soil anomalies support 8km Tati gold trend
Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources. CHERISHED HOPE The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence. Sampling and independent analysis for […]
Assays indicate new gold-in-bedrock target at Drumavaddy
A new gold-in-bedrock target has been indicated from a scout trenching and drill programme at Drumavaddy on the Slieve Glah project in County Cavan. ANOMALY Conroy Gold and Natural Resources plc and Turkish joint venture partner Demir Export SA completed a 90cm scout trench and two scout drill holes for a total 500m. The newly […]
Hummingbird net group estimates fall
Hummingbird Resources plc net group estimates have fallen compared with last year’s statement for its projects in Guinea, Mali and Liberia. UNTAPPED EXPLORATION Revised group reserves total 4.03 million ounces of gold and group resources of 6.95 Moz, while net figures saw a decrease of 98,000 ounces and 327 Koz respectively. At the Kouroussa gold […]