Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
Tag: zinc
Cornish Metals adds second rig to explore Trenares
Cornish Metals Inc has added a second drill rig for a new target as part of the company’s 8,000-9,000m drill programme at its polymetallic project at United Downs, Cornwall. TRENARES LODE The Canadian company said that the second rig would explore Trenares lode, a new copper – tin – zinc target discovered during the 1970s […]
CAML records strong results for Kounrad and Sasa
Central Asia Metals plc announced improved results driven by high commodity prices for the first six months the year from its operations in Macedonia and Kazakhstan. FINANCES Central Asia Metals owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and the Sasa zinc-lead mine in North Macedonia. In its unaudited interim results ended 30 June […]
Power Metal signs Pilot tungsten option
Power Metal Resources plc has signed a strategic option agreement to acquire a 100% interest in the tungsten-copper-silver-zinc Pilot Mountain project in Nevada. EXPLORATION The 5,908-acre project comprises four existing mineral deposits of Garnet, Good Hope, Gunmetal and Desert Scheelite which all hold “significant skarn-style tungsten-copper-silver-zinc mineralisation”. Pilot lies 200km southeast of Reno and hosts a […]
Power Metal acquires McKellar gold-VMS property in Ontario
Power Metal Resources plc has exercised its option to acquire the McKellar property located on the Schreiber-Hemlo greenstone belt in northwest Ontario, Canada. EXCLUSIVE OPTION The underexplored property comprises 58 mining claims (49 single cell mining claims and nine boundary cell mining claims) covering circa 12.3km². McKellar is one of four gold exploration properties on […]
Power Metal looks to increase Ontario assets
Power Metal Resources plc plans to increase its interests in Ontario just days after the company’s acquisition of gold projects in the Canadian province. FOOTPRINT The company has signed a 30-day option for four gold exploration properties in the Hemlo-Schreiber greenstone belt for a total C$260,000. McKellar comprises 58 mining claims over 12.3km² prospective for […]