Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
Tag: UK mining
Hummingbird sets out 2021 ES projects for Mali
Hummingbird Resources plc said it would continue to adhere to the World Gold Council (WGC)’s, Responsible Gold Mining Principles (RGMPs) as the company also outlined its Mali community projects for 2021. The junior gold miner added it would also look at its tailings facility and work practices to comply with environmental, social and governance (ESG) standards. […]
WCM coal mine could affect UK’s carbon budgets
Government approval for West Cumbria Mining (WCM)’s plans for a deep coal mine under the seabed off the Cumbrian coast could affect the UK’s legally binding carbon budgets. COP26 Climate change committee (CCC) chairman Lord Debden raised the concerns following government secretary Robert Jenrick’s decision in early January 2021 not to call in, or review, […]
Hummingbird holds more cash and less debt for 2021
Hummingbird Resources plc announced it had a stronger cash position but poured less gold during the final quarter of 2020 from its operations in West Africa. The company faced problems last year including a military coup in Mali, extreme rain as well as the pandemic. bit.ly/2O77UKV It has forecast production for 2021 to be during […]
Oriole acquires new Cameroon gold licences
Oriole Resources plc said it had expanded its Cameroon portfolio with five new gold licences and a further three granted to its partner. The five licences (Tenekou, Niambaran, Pokor, Ndom and Mbe) in Central Cameroon are located to the west of the regional capital, Ngaoundéré. They were granted through the company’s 90%-owned subsidiary Oriole Cameroon SARL. […]
Alba to drill new vein system at Clogau gold mine
Alba Mineral Resources plc said it planned to conduct an underground drilling programme in a newly identified vein system at Clogau-St David’s mine in North Wales. Six drill holes, LL001-LL006, have been completed for 724 metres in total including and holes LL004-006 have been completed for a further 324.5 metres. LL005 intersected the projected vein […]