Cora Gold Ltd has announced its fifth set of drill results from its largest ever drilling campaign at its Sanankoro gold project in Southern Mali. The company aims to drill up to a total 35,000m by end of July 2021 to increase resource as well as infill drilling to convert existing inferred resources to the […]
Tag: precious metals
Hummingbird reports first drill results from Dugbe
Hummingbird Resources plc has received the first drill results from its Tuzon deposit at the Dugbe gold project in Liberia. The joint venture comprises Pasofino Gold Ltd which has an earn-in agreement for a 49% stake in the project, with Hummingbird owning 51%. Three of the four holes are ‘step-out’ holes to test the lateral […]
Condor to expand La India resource with infill drill
Condor Gold plc said it had started a 1,700m infill geotechnical drill programme at its La India open pit, Nicaragua. The five to six-week programme using two rigs aims to achieve a feasibility level of design by SRK Consulting (UK) Ltd as well as complement other feasibility study level programmes underway. Condor Gold added that […]
Cora Gold raises £3.1m via subscriptions
Cora Gold Ltd said it had conditionally raised £3,132,937.50 million (before expenses) through a subscription of 40,425,000 new ordinary shares of no par value in the company at 7.75 pence per ordinary share. Excess demand from subscribers to the fundraising means that Cora allotted the maximum number of shares. Binding commitments to subscribe for a […]
Power Metal adds Nevada gold project to US portfolio
Power Metal Resources plc announced it had signed an earn-in agreement for a new gold property in the United States. The miner’s new wholly-owned subsidiary Golden Metal Resources Ltd signed an agreement to take out an option to acquire up to 100% of the Golconda Summit gold property in central Nevada, USA. Power Metal’s other […]
Galantas increases Q1 2021 concentrate shipment
Galantas Gold Corporation increased shipment of concentrate and slightly narrowed losses for the start of the year at Cavanacaw gold mine in Omagh, Northern Ireland. In its unaudited financial results ended 31 March 2021, the Canadian miner recorded a net loss of C$639,963 (Q1 2020: C$680,315). The miner recorded no revenue and held cash of […]