Condor Gold plc said it had made significant progress during the first quarter of 2021 in preparation for “shovel ready” status at La India project in Nicaragua. In its unaudited financial results for Q1 2021, the junior miner said it held a strong cash balance of £6,278,947 million (Q1 2020: £1,736,695). Total comprehensive loss was […]
Tag: UK mining
Oriole’s partner starts Y4 drilling at Senala
Oriole Resources plc announced that its joint venture (JV) partner has started its year 4 exploration programme at the Senala gold project in southeast Senegal. IAMGOLD Corporation will undertake a planned 11,000 metres of reverse circulation (RC) and diamond drilling at the Faré and Madina Bafé prospects. The Canadian miner has the option to spend […]
WCM loses council support for coal mine
West Cumbria Mining Ltd has lost support from the local authority for the company’s plans to build a metallurgical coal mine under the seabed off the coast of Whitehaven in Cumbria. The Planning Inspectorate is due to hold a public inquiry on the company’s application after the Secretary of State decided to call in the […]
Erris encouraged by Lead Trial scout drilling
Erris Gold Resources Ltd said it had finished scout drilling of six holes at the Lead Trial prospect in Perthshire. The company completed the drilling last week and the rig has now left the site. Erris said that its geologists were ‘very encouraged’ by the core and are awaiting assay results ahead of a major […]
Cora Gold notes further strong drill results at Sanankoro
Cora Gold Ltd reported further strong results from its largest ever drilling campaign at its Sanankoro gold project, Southern Mali. The company plans to drill up to 35,000m by the end of July 2021 to target resource growth as well as infill drilling to convert existing inferred resources to indicated. A total of 116 holes […]
Scotgold to use £2m director loan in two tranches
Scotgold Resources plc has provided a short-term director loan of £2 million for its subsidiary, SGZ Cononish Ltd (SCL), operating the gold mine near Tyndrum, Scotland. The loan was offered following delays in increasing production at the Cononish gold and silver mine. Nathaniel le Roux, William ‘Bill’ Styslinger, Peter Hetherington and Ian Proctor, together with […]