Cora Gold Ltd has signed a new US$25 million mandate and term sheet with investment firm, Lionhead Capital Advisors Proprietary Ltd, to develop the Sanankoro gold project in southern Mali. MINE ECONOMICS The agreement is conditional on, among other matters, the completion of a definitive feasibility study before the end of June 2022. The term […]
Tag: precious metals
Galantas Gold director James Golla retires
Galantas Gold Corporation announced that James I Golla has resigned from the board of directors, effective immediately. He had been as a director of the company since June 2001. “My resignation is a result of my decision to retire and does not take away my enthusiasm for the Omagh project, which I believe will become […]
Galantas focuses on increasing resource at Cavanacaw
Galantas Gold Corporation recorded no revenue during Q2 2021 as the company focused on drilling to increase resource at the Cavanacaw mine in Omagh, Northern Ireland. FINANCES In its unaudited financial results for Q2 2021, the Canadian miner recorded nil revenue (Q2 2020: nil). Concentrate sales provisional revenues of US$218,000 for Q2 2021 (Q2 2020: […]
Oriole completes MRE for Faré South at Senala
Oriole Resources plc announced an independent mineral resource estimate (MRE) of 155,000 oz gold grading 1.26 g/t gold in the inferred category for Faré South in its Senala project, Senegal. JOINT VENTURE The MRE is independent of the company’s joint venture partner IAMGOLD Corporation which has the option to spend up to $8 million to earn a 70% interest. […]
Altus reports multiple intersections for outside Tabakorole gold deposit
Altus Strategies plc reported more positive results with multiple intersections encountered outside its mineral deposit at its Tabakorole joint venture gold project in southern Mali. RESULTS Results from five diamond drill holes (totalling 997m) from the central zone include shallow intersections outside of the mineral deposit of: 2.6 g/t gold over 21m from 70m; 1.3 […]
Altus completes drinking water project near Diba
Altus Strategies plc has completed the first phase of a long-term community development programme (CDP) at the company’s Diba gold project in western Mali. DRINKING WATER The company initially consulted local community representatives in Diba on which priorities the CDPs would have the most impact. Discussions identified critical themes in health and education, which became […]