Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]
Author: editorial
Sunrise notes ‘extensive’ sepiolite beds at Pioche
Sunrise Resources plc has identified “extensive sepiolite beds” based on exploration data now received from its former earn-in partner Tolsa at the Pioche sepiolite project in Nevada, USA. TARGETS The Spanish company’s work since June 2022 included geological mapping, trenching, surface sampling, 20 auger drill holes, 10 sonic drill holes and specialist testing results for […]
Karelian significant investor increases holding
Karelian Diamonds Resources plc reported that one of its significant shareholders, David John Naylor, has acquired further shares in the company. Following the purchase on 12 February, Mr Naylor now has an interest of 10,509,468 ordinary shares of €0.00025 each. The figure is equivalent to 8.17% of Karelian’s current issued ordinary shares and voting rights […]
Oriole completes phase V drilling at Bibemi
Oriole Resources plc has completed phase V of drilling, several weeks later than planned, at its 90% owned Bibemi orogenic gold project in Northern Cameroon. REVIEW Operator and earn-in partner BCM International drilled a total 6,915.40m in 56 holes at the Bakassi Zone 1 prospect over three sub-prospects of BZ1-MRE, BZ1-NW, and BZ1-SW. Results are due […]
CRL notes further mineralisation at Redmoor
Cornwall Resources Ltd has identified additional tungsten and copper mineralisation from its relogging programme of diamond drill core at its Redmoor project. DERISK The findings follow August 2024 assays of “potentially economic” tungsten-tin-copper mineralisation within the deposit and outside of the mineral resource estimate. The company said that the new mineralisation could contribute to a […]
Hartshead to cut costs for Anning-Somerville
Hartshead Resources NL has submitted a new development programme with lower costs for the Anning and Somerville gas joint venture within P2607 in the UK southern North Sea. FUNDING Each field will retain an unmanned production platform and three production wells. Changes include the export of gas from Somerville through a 24 inch pipeline to […]