Power Metal Resources plc said it had started assessing priority targets for drilling at its Pilot Mountain tungsten-copper-silver-zinc project in Nevada, USA. STRUCTURE The company’s subsidiary (83.13%) Golden Metal Resources owns 100% of the Pilot Mountain, Garfield and Stonewall projects and a right to earn-in to a 100% interest in the Golconda project. Golden Metal […]
Tag: silver
Tertiary terminates Pyramid silver-gold project
Tertiary Minerals plc said it had terminated its Pyramid silver-gold project in Nevada, USA. PRIORITIES The move comes after drilling earlier in the year, which failed to show significant results at the North Ruth target. Executive chairman Patrick Cheetham added that decision followed positive results from Jacks copper project in Zambia and a company review […]
Anglesey assays show mineralised system at White Rock
Anglesey Mining plc said its second round of assay results showed an “extensive mineralised system” in the White Rock deposit at the company’s polymetallic project on Parys Mountain on Anglesey, Wales. WHITE ROCK The company, which owns 100% of the copper-zinc-lead-silver-gold volcanogenic massive sulphide project, added that the results also showed multiple broad intercepts. Micon […]
Cornish Metals finds multiple polymetallic zones at Trenares
Cornish Metals Inc said it had found multiple zones of tin, zinc, silver with minor copper mineralisation in the underexplored area of Trenares at the United Downs project, Cornwall. TRENARES The Canadian company is focused on South Crofty underground tin project through to delivery of a feasibility study, as well as exploring its additional mineral […]
Anglesey raises £864,416 via placing-subscription
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 […]
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 […]