Red Rock Resources plc announced a higher gold grade while ounces decreased in a new mineral resource estimate (MRE) at the Mikei gold project in Migori, Kenya. The company also now its first 14, mainly shallow, new drill hole locations which will be tested while it plans further programmes for infill and step-out drilling and […]
Tag: extractive industries
Power Metal raises £101,500 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £101,500 following notices to exercise warrants over 13,150,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 7,150,000 warrants at an exercise price of 1.0 pence per ordinary share of […]
Condor drills Cacao Vein for more resource at La India
Condor Gold plc said it had started a 5,000-metre diamond drill programme on the Cacao Vein to prove the potential increase in mineral resource at La India gold project in Nicaragua. Cacao is located 4km from the planned processing plant at the company’s fully permitted La India mine. Condor said that the vein was a […]
Power Metal identifies new visible sulphides at Molopo
Power Metal Resources said it had identified additional visible sulphides as the company awaits test results from its nickel sulphide and platinum group metals project (PGM) in Molopo Farms Complex (MFC), Botswana. The metal mining company added that that up to 14 new targets in order of priority for ground exploration work have also been […]
Northern Lithium to explore Weardale granite
Northern Lithium Ltd has secured the rights to explore and extract lithium across 185km2 from hot saline brines within the granite in Weardale, County Durham. EXTRACTION The new natural resource company, based in Wolsingham, said it had entered into definitive mineral rights agreements for lithium and other minerals in underground hot saline brines. If successful, […]
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]