Power Metal Resources plc said it had managed to complete six diamond drill holes and collect rock chip samples before the snows fell at its Silver Peak project in British Columbia, Canada. Chief executive Paul Johnson added that the operating conditions were “very challenging”. The local team used “man-portable” equipment after the weather conditions proved […]
Tag: UK mining
Alba Mineral raises £1.2m through shares placing
Alba Mineral Resources plc has raised £1.2 million before expenses through the issue of 320,000,000 new ordinary shares at a price of 0.375 pence per ordinary share. Share warrants will also be issued to each subscriber in the placing, with one warrant for every two shares subscribed for, for a total of 160,000,000 warrants.
Red Rock starts cobalt-copper survey at Luanshimba
Red Rock Resources plc said it had mobilised a geophysics team to its 80% owned Luanshimba licence in the south-east of the Democratic Republic of Congo. The move follows the identification in late 2018 of strong copper and cobalt anomalism in the southern part of the licence by a programme of termite mound sampling. Red […]
Alba secures Dolgellau gold belt exploration rights
Alba Mineral Resources plc announced it has been awarded a six-year exploration licence, renewable by up to four years, to the Gwynfynydd gold mine in Gwynedd, North Wales. The mine is the second largest producer of gold, after Clogau-St David’s gold mine, in the UK’s history. The award means that Alba has now secured the […]
Cornish Metals identifies new zones at United Downs
Cornish Metals today said it had identified at least five new zones of copper and / or tin mineralisation, including 4.04 metres grading of 4.44% copper and 2.06% tin, at the United Downs project in Cornwall. The results are from the second set of assays for start-up miner Cornish Lithium’s core diamond drill programme earlier […]
Galantas extra shift to see 43% rise in production
Galantas Gold Corporation said it had increased gold concentrate processing after adding an extra work shift at its Cavanacaw Gold Mine in Omagh, County Tyrone. The Canadian company began three-shift processing on 26 October 2020 with the additional shift resulting in a rise in milling from 84 hours to 120 hours per week. Galantas added […]