Chesterfield Resources plc said it had identified further significant gold-rich and polymetallic mineralisation in a 12km geological trend at its Troodos West project in Cyprus. WESTLAND TREND The company added that its 2,078m diamond drilling in late 2021 had notably enhanced the prospectivity at three target areas of Orchard, Evlim and Evlim South. Assay results […]
Tag: precious metals
Conroy Gold notes widest intercept to date at Clontibret
Conroy Gold and Natural Resources plc noted the widest intercept yet from drill results at Clontibret gold deposit in Ireland. DRILL HOLES During 2021, the company’s joint venture (JV) partner and operator Demir Export A.S. drilled holes TW001 and TW005 as part of its due diligence programme prior to the JV agreement. TW001 TW001 confirmed […]
Oriole partner to exercise option for 70% in Senala
Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]
Cora Gold to start 2022 drill campaign at Sanankoro
Cora Gold Ltd announced it was due to start a new 2022 drill programme in March at its flagship Sanankoro gold project in southern Mali. PREPARATIONS The project comprises five contiguous permits encompassing 439 km2. Cora has appointed Capital Drilling Mali SARL as the drill contractor, which is mobilising to site to conduct circa 7,500m of reverse […]
Altus intersects significant gold zone at Lakanfla Central
Altus Strategies plc said it had intersected a significant gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence, western Mali. LAKANFLA Lakanfla is 5km east of the company’s Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit. The Diba & Lakanfla project (100%) covers […]
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]