Finance Metals & Minerals News

Oriole raises £2m

Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]

Metals & Minerals News

First Class starts 700m drilling at North Hemlo

First Class Metals plc has started a minimum 700-metres of NQ diamond core drilling on its North Hemlo gold-molybdenum-nickel-copper property in Ontario, Canada. DEVELOPMENT The Dead Otter trend is the priority target, followed by at least two further locations including Dead Otter trench. The company said it had also begun interpretation of the very low […]

Metals & Minerals News

Nativo reveals ‘vein structures’ at Bonanza

Nativo Resources plc has exposed “vein structures” from a 20-trench excavation programme at the Bonanza gold mine on its Tesoro gold concession in the Nazca-Ocona gold corridor, Arequipa, southern Peru. ORE SHOOTS Samples from channel sampling will be sent for assays, with results expected to help refine “longitudinal sections and mineralised shoot interpretation”. Nativo said […]