Caerus Mineral Resources plc started diamond drilling one month head of schedule to define mineral resource at the Troulli project in Cyprus. DRILL PROGRAMMES The diamond drill rig arrived in the country almost a month early and was transferred to the project site on 17 September before drilling began on 20 September. Hard rock samples will […]
Tag: extractive industries
Power Metal chairman Andrew Bell to step down
Power Metal Resources plc announced that Andrew Bell will step down as chairman and a director on 30 September 2021. Mr Bell will continue to work with Power Metal in an advisory capacity for a minimum of 12 months. His focus will be on Red Rock Resources plc and the new planned London capital market IPO of New Ballarat […]
Egdon expects November date for Biscathorpe side-track plans
Egdon Resources plc said it expected its plans for the side-track drilling, testing and production at Biscathorpe PEDL253 to be heard by Lincolnshire County Council during November. JOINT VENTURE Subject to approval, the Biscathorpe side-track will target the Dinantian Carbonate. A 68 metre oil column was discovered in Biscathorpe-2 with gross mean prospective resources (GMPR) of 2.55 […]
Altus discovers hard rock artisanal gold workings in Egyptian projects
Altus Strategies plc has discovered numerous hard rock artisanal gold workings at its Gabal om Ourada and Wadi Dubur projects in the Eastern Desert of Egypt. RECONNAISSANCE The company’s 100% owned subsidiary, Akh Gold Ltd holds gold exploration licences covering 1,565 km2. The 37 hard rock artisanal gold workings were discovered from field reconnaissance across two […]
United notes positive results from ASX-1X well in Abu Sennan
United Oil & Gas plc said that the ASX-1X exploration well encountered at least 10 metres net pay in a number of oil-bearing reservoirs in the Abu Sennan licence, onshore Egypt. ASX-1X Once the well has been completed and successfully tested, an application will be made to the Egyptian General Petroleum Corporation (EGPC) for a development lease. […]
Caerus notes significant gold-copper at Kalavasos dump
Caerus Mineral Resources plc said it had identified significant copper and gold mineralisation in the dump evaluation programme and general exploration of the Kalavasos project in Cyprus. EVALUATION Gold grades in particular were in 85% of all samples collected and returned anomalous grades. The company added that subject to metallurgical test work, the grades were […]