Alba Mineral Resources plc has been granted an extension to its exclusive exploration licence over the Clogau-St David’s gold mine in north Wales. Alba’s subsidiary, Gold Mines of Wales Ltd (GMOW), was originally awarded a six-year exclusive exploration licence, termed an option agreement, with effect from 10 February 2015. The licence covers 107 km² encompassing […]
Tag: UK mining
Condor Gold holds £8 million cash for La India
Condor Gold plc announced it now held net cash of £8 million to further drilling, production and expansion of mineral resource at its La India project in Nicaragua. The announcement follows an oversubscribed private placing which raised £4 million. bityl.co/5czD Condor Gold’s chairman and chief executive Mark Child said that the company issued new ordinary […]
Condor Gold raises £4 million via private placing
Condor Gold plc announced it has raised £4 million after placing 9,523,810 new ordinary shares in the company of 20p each (placing shares) at a price of 42p per placing share. The placing includes Condor Gold directors’ and chief financial officer’s subscriptions of 4,871,414 placing shares to raise in aggregate gross proceeds of £4,000,000 (placing) before expenses. The placing […]
Geologists unite for £4m Deep Digital Cornwall
Mining exploration companies in Cornwall will collaborate in a £4 million programme to gather fresh geochemistry and geophysical data for a new centre in the county. PARTNERS Cornwall Resources Ltd, a subsidiary of Australian miner Strategic Minerals, has been chosen for the Deep Digital Cornwall (DDC) project funded by the European Regional Development Fund. The […]
Cornish Lithium starts Trelavour second drill campaign
Cornish Lithium Ltd said it had started the second drill campaign at its Trelavour hard rock lithium project near St Austell, Cornwall. MINERAL RESOURCE ESTIMATE The eight to 10-week drill campaign will use two drill rigs and comprise 1,500m diamond drilling and 2,500m reverse circulation drilling, with results contributing to the inaugural mineral resource estimate. […]
Cadence marks start of site works at Sonora lithium
Cadence Minerals plc, with joint venture interests in lithium exploration and development in northwest Mexico, announced that initial site activities have started at the project in Sonora. Canadian miner Bacanora Lithium is building Sonora with the world’s largest lithium metals producer, Ganfeng Lithium Co. Ltd. Cadence has interests in concessions of the project through its […]