Condor Gold plc said it had started a 5,000-metre diamond drill programme on the Cacao Vein to prove the potential increase in mineral resource at La India gold project in Nicaragua. Cacao is located 4km from the planned processing plant at the company’s fully permitted La India mine. Condor said that the vein was a […]
Tag: UK mining
Power Metal identifies new visible sulphides at Molopo
Power Metal Resources said it had identified additional visible sulphides as the company awaits test results from its nickel sulphide and platinum group metals project (PGM) in Molopo Farms Complex (MFC), Botswana. The metal mining company added that that up to 14 new targets in order of priority for ground exploration work have also been […]
Northern Lithium to explore Weardale granite
Northern Lithium Ltd has secured the rights to explore and extract lithium across 185km2 from hot saline brines within the granite in Weardale, County Durham. EXTRACTION The new natural resource company, based in Wolsingham, said it had entered into definitive mineral rights agreements for lithium and other minerals in underground hot saline brines. If successful, […]
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]
Altus drilling extends gold strike length at Tabakorole
Altus Strategies plc announced that reverse circulation (RC) drilling had extended the strike length of the FT Prospect by at least 150m, to beyond 3km at the Tabakorole joint venture gold project in southern Mali. The company said that intersections include (down-the-hole and not true width) 2.0 g/t over 23m from 178m; 1.24 g/t over […]
Altus Strategies reports new potential Diba gold deposit
Altus Strategies plc reported a new potential gold deposit at the company’s 100% owned Diba project in western Mali. The company said that the delineation of a significant and coherent, shallow-dipping and near-surface potential gold deposit (Diba NW) was located approximately 1.5km northwest of the primary Diba deposit. Ground geophysics and follow-up drilling at Diba […]