Galantas Gold Corporation said that new geophysical surveys indicated the potential presence of gold-bearing structures near the Cavanacaw gold mine in Omagh, Northern Ireland. TEST GRIDS The company recently conducted induced polarisation (IP) gradient array surveys close to the mine to determine the value of the gradient array method not previously tried in the area. […]
Tag: UK mining
Galantas narrows quarterly losses at Cavanacaw gold mine
Galantas Gold Corporation reported a net loss of US$1,173,276 for the third quarter of 2021, lower than Q2, for its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES In its unaudited third quarter results ended 30 September 2021, the Canadian company said that the loss, compared with Q3 2020: $776,956, was mainly due to […]
Erris changes name to Green Glen Minerals
Erris Gold Resources Ltd has changed its name to Green Glen Minerals Ltd. LISTING The company registered the new name with Companies House on 26 November and aims to reregister as a public limited company in mid-December 2021. PROJECTS Green Glen is exploring for gold in Scotland and zinc-lead-silver-gold in Norway. It has also been […]
Anglesey starts 2,750m drill at Parys
Anglesey Mining plc has started a nine-hole diamond drill programme for 2,750 metres at its copper-lead-zinc project on Parys Mountain, Anglesey. PROGRAMME The three-month programme will gather additional information for a feasibility study expected to begin during 2022. Anglesey Mining said that the drill programme includes infill drilling of the White Rock zone to convert […]
Cornish Lithium to receive up to £18m from TechMet
Cornish Lithium Ltd is to receive up to £18 million from technology metals investment company TechMet Ltd. TERMS The investment, subject to shareholder approval, will be in two tranches raising up to £18m at a weighted average subscription price of 16.12 pence per share. Tranche one sees the South African investor subscribe for £9m new […]
Investor nominee Simon Gardner-Bond joins Cornish Lithium board
Cornish Lithium announced that Simon Gardner-Bond will join the board as nominee of South African investment company TechMet. Mr Gardner-Bond is TechMet’s chief technical officer and has a 20-year career as a geologist and mining analyst. He was senior metals and mining analyst at Investec Asset Management, helping to manage multi-billion dollar funds focused on […]