Scotgold Resources Ltd said that during July the volume and quality of ore stored on the stockpile in the high grade area of Cononish gold and silver project near Tyndrum in Scotland. The Australian miner added it had shipped another 25 tonnes of concentrate, which strengthened its goal to achieve a steady increase in production. […]
Tag: extractive industries
Conroy Gold finds new gold-in-soil anomaly in Longford-Down Massif
Conroy Gold and Natural Resources plc said it had discovered a new extensive gold-in-soil anomaly in the district-scale gold trend in the Longford-Down Massif in Ireland. The finding comes as the company’s drill programme continues on its licence area and the proposed joint venture with Demir Export A.S. progresses to “final documentation”. SAMPLING The new […]
Power Metal restarts diamond drilling at Silver Peak, Canada
Power Metal Resources plc has restarted diamond drilling at the Silver Peak project in British Columbia, Canada. The project includes the Eureka-Victoria silver mine which is covered by the first ever Crown-granted mineral claim within the Province. The company conducted due diligence, testing the Victoria vein, during summer 2020 before heavy snowfall halted the drill programme in November 2020. […]
Tertiary to start trenching at Pyramid silver-gold project
Tertiary Minerals plc said it would soon start excavating trenches ahead of drill tests for the Phase 2 exploration programme at its Pyramid silver-gold project in Nevada, USA. The company hopes to receive the necessary permits within one or two weeks. PLANS Tertiary has completed Phase 2 planning which involves three trenches for 300m to […]
United marks ‘exceptional success’ from Egypt assets
United Oil & Gas said its Egyptian assets had performed beyond expectations during the first half of 2021. ABU SENNAN Revenues for H1 2021 are expected to be $10.3 to $10.5 million. Group cash balance was $2m, total cash collections of $8.2m and cash capital expenditure of $3m. United invested $2.2m in the Abu Sennan […]
Alba finds new high-grade gold target near near Gwynfynydd
Alba Mineral Resources plc said it had identified a new high-grade regional gold target within its exploration licence area of the Dolgellau gold belt, Wales. The target, close to Gwynfynydd gold mine, showed with grab samples grading up to 24g/t. Stream sediment samples are being taken as part of an ongoing study in collaboration with […]