Cornish Metals Inc said it had received $670,400 after Barkerville Gold Mines, a wholly owned subsidiary of Osisko Development Corp, exercised 9,577,143 previously issued common share purchase warrants. The warrants were issued following Cornish Metals’ private placement financing completed on 3 February, 2020. As a result of the exercise, Barkerville now owns 53,833,333 common shares […]
Tag: extractive industries
RRAL granted three licences in Victoria gold fields
Red Rock Resources Australasia Pty Ltd (RRAL) said it had been awarded its first licences for a period five years in the gold fields of Victoria, Australia. LICENCES The licences include 133 km2 Blue Whale, south and east of Ballarat (EL007271); 74 km2 Blue Chip, west and south of Ballarat (EL007281); and 8 km2 Blue […]
Rathlin to store up to 490t of crude oil at West Newton
Rathlin Energy (UK) Ltd announced it expected to store up to 490 tonnes of crude at its West Newton PEDL183 joint venture hydrocarbon site near Hull, East Riding. PHASES The company is due to begin a public consultation over the coming months after the East Riding of Yorkshire Council’s screening opinion earlier this month considered […]
Altus tests show ‘excellent’ Tabakorole gold recoveries
Altus Strategies plc said it had excellent results from preliminary metallurgical test work on fresh rock samples at the FT Prospect of its Tabakorole gold project located in southern Mali. Bottle roll tests on core samples from diamond drilling at the FT Prospect indicated a straightforward, clean and non-refractory ore with low reagent consumption. The […]
Altus finds karst-style system at Lakanfla gold site
Altus Strategies plc announced it had confirmed a karst-style system and low-grade gold following 3,8000m reverse drilling and associated passive seismic surveys at its Lakanfla gold project in western Mali. The mining and royalty company said that results showed a karst-style system along a 6km margin of granite intrusion, and that drilling had intersected widespread […]
Altus marks more positive Diba gold drill results
Altus Strategies plc announced further encouraging results from the recently completed 10,308m reverse circulation (RC) drilling programme at its 100% owned Diba gold project in western Mali. Diba, located in the Kayes region of the country, hosts a shallow-dipping, near-surface gold deposit and several other prospect areas. The company’s current mineral resource estimate (MRE) for […]