Altus Strategies plc announced that reverse circulation (RC) drilling had extended the strike length of the FT Prospect by at least 150m, to beyond 3km at the Tabakorole joint venture gold project in southern Mali. The company said that intersections include (down-the-hole and not true width) 2.0 g/t over 23m from 178m; 1.24 g/t over […]
Tag: extractive industries
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 […]
Altus Strategies reports new potential Diba gold deposit
Altus Strategies plc reported a new potential gold deposit at the company’s 100% owned Diba project in western Mali. The company said that the delineation of a significant and coherent, shallow-dipping and near-surface potential gold deposit (Diba NW) was located approximately 1.5km northwest of the primary Diba deposit. Ground geophysics and follow-up drilling at Diba […]
Alba extends licence at Clogau-St David gold mine
Alba Mineral Resources plc has been granted an extension to its exclusive exploration licence over the Clogau-St David’s gold mine in north Wales. Alba’s subsidiary, Gold Mines of Wales Ltd (GMOW), was originally awarded a six-year exclusive exploration licence, termed an option agreement, with effect from 10 February 2015. The licence covers 107 km² encompassing […]
Condor Gold holds £8 million cash for La India
Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]