Caerus Mineral Resources plc has extended its copper-gold portfolio by signing a heads of terms agreement to acquire for £300,000 Cyprus Gold Mines Ltd (CGML). CGML, currently known as P. Von-de-Tsianos Gold Mines Ltd (PVTGM), is a Cypriot-registered exploration and mining company with three advanced copper-gold exploration properties. Caerus said that each property had a mining history […]
Tag: UK mining
Red Rock starts drilling at Luanshimba
Red Rock Resources plc has started a drill programme at the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo (DRC). The company’s 80% owned Congolese subsidiary Red Rock Galaxy SA is the operator. The programme, which will be the first step towards delineating a resource, comprises an initial 2,000m of […]
Galantas focuses on growth with new advisors
Galantas Gold Corporation has made four appointments to its advisory board to assist management in the company’s growth. TONY MAKUCH Mr Makuch is currently the president and CEO of Kirkland Lake Gold Inc. He was previously president and CEO at Lake Shore Gold Inc from 2008 to 2016. He holds a Bachelor of Science degree […]
Galantas employs JDS to improve Cavanacaw
Galantas Gold Corporation has engaged JDS Energy & Mining Inc to work on Cavanacaw underground mine in Omagh, County Tyrone, Northern Ireland. JDS is a Canadian engineering, construction, and underground development company specialising in providing value-added solutions for mineral resource projects. The company will work with Galantas’ technical team to provide solutions on mine design […]
Cornish Lithium raises £6m via crowdfunding
Cornish Lithium Ltd today said it had raised £6 million within 20 minutes via a new crowdfunding campaign. The company opened the fundraise to pre-registered investors at 9am.
Horizonte nears $325m deal for Araguaia
Horizonte Minerals plc said it expected to receive debt financing of US$325 million from international banks for its 100%-owned Araguaia nickel project in Brazil. The company added that due diligence had been completed on Araguaia and the credit approval process was underway. Horizonte is continuing discussions with Brazilian financial institutions and with a number of […]