Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
Tag: silver
Galantas on course for production at Cavanacaw
Galantas Gold Corporation said it remained on course for production next month and reaffirmed the potential for higher widths of mineralisation at Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s results from four holes of its 4,000m drill programme from the underground development at the Kearney vein include: – FR-DD-22-UG-183 intersected a new […]
Tertiary fails to find significant results at North Ruth
Tertiary Minerals plc said that drill results had to date failed to show significant mineralisation at depth at the North Ruth target in the Pyramid silver-gold project in Nevada, USA. PROGRAMME The company conducted soil and rock chip sampling and trenching throughout 2021 which established “wide intervals of significant silver and associated gold mineralisation” at […]
Altus awarded mining licence for Agdz Cu-Ag project
Altus Strategies plc has been awarded a 10-year mining licence for its 100% owned Agdz copper and silver project in Morocco. AGDZ The site lies 14km southwest of the Bou Skour copper-silver mine in the eastern Anti-Atlas of Morocco. Agdz hosts four significant copper-silver prospects covering some 8km2. The company’s Moroccan portfolio is held by […]
Tertiary to start drilling at Pyramid
Tertiary Minerals plc said it expected to start drilling during March at its Pyramid silver-gold project in Nevada, USA. PROGRAMME The company has awarded the drill contract to Envirotech Drilling LLC to conduct reverse circulation (RC) drilling. Construction of the drill pad and site access is complete. Surface mineralisation extends over a strike extent of […]
Power Metal progresses Nevada projects
Power Metal Resources plc has progressed its tungsten-gold-copper-silver projects in Nevada, USA. PRIORITY Through its majority-owned subsidiary Golden Metal Resources Ltd, the company owns the Pilot Mountain, Golconda, Garfield and Stonewall projects. Golden Metal aims to be independently listed on the London markets during Q2 2022. Desktop analysis at Pilot Mountain has identified several high-priority tier 1 and tier 2 […]