Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
Tag: extractive industries
Hummingbird sets out 2021 ES projects for Mali
Hummingbird Resources plc said it would continue to adhere to the World Gold Council (WGC)’s, Responsible Gold Mining Principles (RGMPs) as the company also outlined its Mali community projects for 2021. The junior gold miner added it would also look at its tailings facility and work practices to comply with environmental, social and governance (ESG) standards. […]
Hummingbird holds more cash and less debt for 2021
Hummingbird Resources plc announced it had a stronger cash position but poured less gold during the final quarter of 2020 from its operations in West Africa. The company faced problems last year including a military coup in Mali, extreme rain as well as the pandemic. bit.ly/2O77UKV It has forecast production for 2021 to be during […]
Alba to drill new vein system at Clogau gold mine
Alba Mineral Resources plc said it planned to conduct an underground drilling programme in a newly identified vein system at Clogau-St David’s mine in North Wales. Six drill holes, LL001-LL006, have been completed for 724 metres in total including and holes LL004-006 have been completed for a further 324.5 metres. LL005 intersected the projected vein […]
Power Metal receives £125,450 in warrant exercise
Power Metal Resources plc said it had received subscription monies of £125,450 following notices to exercise warrants over 13,295,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 10,795,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 […]
Cadence reports strong tin-lithium results at Cínovec
Cadence Minerals plc reported strong results from 12 completed holes out of a 19-hole drill programme at the Cínovec project in Prague. The company holds approximately 12% percent of the equity in the Australian site operator, European Metals Holdings Ltd (EMH), which has started work on the thirteenth hole. Cínovec lies on the border crossing with […]