Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
Tag: silver
Erris notes highest grade boulder sample at Loch Tay
Erris Gold Resources Ltd has recorded its new highest grade boulder sample result of 97.4g/t gold at its precious metals project within the Loch Tay licence in Perthshire, Scotland. SAMPLES A full screen metallic analysis of a recent large boulder sample assayed 29.7 g/t compared with 20.1g/t Au from the initial grab sample near the […]
Power Metal signs Pilot tungsten option
Power Metal Resources plc has signed a strategic option agreement to acquire a 100% interest in the tungsten-copper-silver-zinc Pilot Mountain project in Nevada. EXPLORATION The 5,908-acre project comprises four existing mineral deposits of Garnet, Good Hope, Gunmetal and Desert Scheelite which all hold “significant skarn-style tungsten-copper-silver-zinc mineralisation”. Pilot lies 200km southeast of Reno and hosts a […]
Altus Strategies adds to metals licences in Morocco
Altus Strategies plc has increased its metals projects in central Morocco to seven after being awarded three new copper and silver exploration licences. The projects – Izougza copper-silver; Azrar copper; and Tata copper – were awarded to the company’s 100% owned subsidiary, Aterian Resources Ltd, following a competitive tender process. The mining royalty company said […]
Power Metal acquires McKellar gold-VMS property in Ontario
Power Metal Resources plc has exercised its option to acquire the McKellar property located on the Schreiber-Hemlo greenstone belt in northwest Ontario, Canada. EXCLUSIVE OPTION The underexplored property comprises 58 mining claims (49 single cell mining claims and nine boundary cell mining claims) covering circa 12.3km². McKellar is one of four gold exploration properties on […]
Power Metal-Kavango set up new JV for metals projects in Botswana
Power Metal Resources plc and 50-50 strategic joint venture (SJV) partner Kavango Resources, focused on Botswana, have set up holding companies. SOUTH GHANZI Kanye Resources Pty Ltd in Botswana (Kanye Botswana) and Kanye Resources Ltd in England (Kanye UK) could potentially be listed on a stock exchange. The JV is exploring for potential large-scale copper-silver […]