Rathlin Energy (UK) Ltd has now “duly made” its application to conduct a “reservoir stimulation” within the Kirkham Abbey gas reservoir in the existing West Newton A-2 well in East Yorkshire. PROPPANT The joint venture operator said that the reservoir stimulation involved squeezing a “small volume of oil-based fluid” into the formation located within PEDL183. […]
Author: editorial
Corcel increases stake in KON-16
Corcel plc has acquired an additional 20% in its operated block KON-16 in the Kwanza Basin, onshore Angola. FUNDRAISE The acquisition, subject to approvals, is through its 90% owned subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), taking its total holding to 55% gross, with 49.5% net to Corcel and at no cost. KON-16 covers 1,022 km2 […]
Tertiary advances to drilling in Nevada-Zambia
Tertiary Minerals plc is progressing closer to drilling its copper projects in Nevada, US and Zambia. PROSPECTIVITY The company has signed a contract for up to 2,500m air core drilling at Mushima North to test the A1 copper-in-soil geochemical anomaly. Access roads and initial drill pad preparation are complete with drilling expected to begin today. […]
FCM assays support Dead Otter ‘gold trend’
First Class Metals plc said that photon assays of previous samples had revealed a new area of gold anomalism at the Dead Otter trend within its North Hemlo property in Ontario, Canada. DISTRIBUTION The company sent 25 samples of the total collected for re-assaying after earlier results had not reflected the potential gold values. Chief […]
Guardian receives £30,787 via warrant exercise
Guardian Metal Resources plc received £30,787.68 following notices to exercise warrants over a total 181,104 new ordinary shares of 1 pence each in the company, at 17p per warrant share. Following admission, Guardian‘s issued share capital will comprise 119,292,385 ordinary shares of 1p each, with voting rights.
Guardian intersects high grade tungsten at Pilot
Guardian Metal Resources plc’s first diamond core drill results intersected three zones of “high grade” tungsten mineralisation with ancillary zinc, silver and copper at Pilot Mountain in Nevada, USA. GARNET Assays from drillhole PM24-001 in the Desert Scheelite deposit returned a total 38.7m of tungsten mineralisation. All three zones are considered to be near surface […]