Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
Tag: UK mining
Scotgold reaches higher grade ore and adopts risk analysis
Scotgold Resources Ltd reached higher grade ore zones quicker than expected but a bearing failure last month thwarted an increase to full production at Cononish gold mine near Tyndrum, Scotland. Gold doré sent to the refiners in May was refined through normal treatment processes, validating Scotgold’s process plant production. “Mining in the latter part of […]
Kavango extends drilling for Cu-Ni-PGMs at Hukuntsi
Kavango Resources plc will extend its drill programme after identifying an electro-magnetic (EM) anomaly in target area B in the Hukuntsi (northern) section of the Kalahari Suture Zone (KSZ) project, Botswana. The company holds 14 prospecting licences for copper-nickel-PGM rich sulphide ore bodies covering 7,573.1km2 of ground. These also include 12 licences over a significant portion […]
Altus notes high grade Cu-Ag at new projects in Morocco
Altus Strategies plc announced findings of high-grade copper and silver from reconnaissance exploration at its new copper-silver assets in the western Anti-Atlas of Morocco. The Azrar, Izougza and Tata projects, covering 252 km2, are held by the company’s 100% owned subsidiary Aterian Resources Ltd. Exploration has also started on the recently granted Jafra, Tiddas and […]
Red Rock awards drill contract for Mikei gold project, Kenya
Red Rock Resources plc has contracted Base Drilling and Mining Services Co. Ltd for a 2,000m reverse circulation (RC) drill programme at the Mikei gold project in Kenya. The junior explorer also plans infill and step-out drilling to improve resource classification and size, and has the option to increase the programme. Base Drilling is expected […]
Altus notes further targets at Tabakorole gold project, southern Mali
Altus Strategies plc announced further multiple targets have been defined at the Tabakorole gold project in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% Net Smelter Return (NSR) royalty on the project with exploration activities are funded by its joint venture partner Marvel Gold Ltd. Altus said that latest soil […]