Banks Mining said it was looking to new opportunities after deciding not to appeal against the refusal for its planned open cast coal mine at Dewley Hill, near Throckley on the border of Newcastle and Northumberland. Newcastle City Council rejected the proposals last year over environmental concerns. The Northern Echo reported that the skills of […]
Tag: UK mining
New zone and encouraging drill results for Altus at Tabakorole gold JV
Altus Strategies plc reported further encouraging diamond drill results and a new zone of gold mineralisation near the main deposit at Tabakorole, southern Mali. RESULTS The diamond drill programme in process totals 19 holes for 3,400m. Results from first six holes for 1,126m include:– 2.0 g/t Au over 13m from 174m– 3.9 g/t Au over […]
Power Metal raises £87,500 through warrant exercise
Power Metal Resources plc raised £87,500 after receiving notices to exercise warrants over 12,500,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 12,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Hummingbird confident of expanding SE resource
Hummingbird Resources plc said that results from 14 new drilled holes showed “excellent” potential for the Sanioumale East (SE) deposit at the Yanfolila gold mine, Mali. The company also announced today it was in the process of issuing the final shares to Cassidy Group for the acquisition on the Kouroussa gold project in Guinea. SANIOUMALE EAST […]
Cornish Metals finds high grade intercept at United Downs
Cornish Metals Inc has intersected high grade copper-tin-silver mineralisation in its diamond drill programme at the United Downs project in Cornwall. The Canadian miner drilled hole UD21_001 to a total depth of 260.24m and intersected one zone of high-grade tin and the second with tin-copper-silver mineralisation. The drill programme follows the discovery in April 2020 […]
Altus doubles landholding with new gold licence at Tabakorole
Altus Strategies plc has increased its landholding by 56% to 292km2 at the joint venture (JV) gold project at Tabakorole in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project. Exploration activities at Tabakorole are being funded by JV partner Marvel Gold Ltd. […]