Ormonde Mining plc’s 36.2% investee has started copper-focused exploration at the Golden Rose project in western-central Newfoundland, Canada. PIPELINE TRU Precious Metals Corp will concentrate on the deposit-bearing Cape Ray – Valentine Lake Shear Zone. The programme aims to develop deeper understanding of the potential at Golden Rose, and ideally identify drill targets. In addition […]
Author: editorial
FCM raises £85,000 via private placing
First Class Metals plc has raised £85,500 via a private placing of 3,035,714 ordinary shares of £0.001 par value at a 5.6% premium of 2.8 pence per placing share. AGREEMENTS Executive chairman and director James Knowles will loan a number of shares because the company has insufficient headroom to issue and admit the placing shares without a […]
Guardian strengthens management team
Guardian Metal Resources plc has appointed R Michael Jones as strategic advisor and Jeff Snyder as operations manager, with immediate effect. Mr Jones, currently chief executive officer of Next Step Power Corporation, was most recently CEO and president of Los Andes Copper Ltd. In the early 2000s, he co-founded and was CEO at Platinum Group Metals Ltd […]
Condor issues 1m shares in options exercise
Condor Gold plc has issued one million shares for a total £220,000 following notices to exercise options, from 2019, with an exercise price of 22p. The company issued 300,000 ordinary shares to Galloway Ltd and chairman Jim Mellon who will hold a total 53,402,480 ordinary shares, representing 26.12% of the company’s issued ordinary shares. Chief […]
Alba reports ‘highly creditable’ fines gold
Alba Mineral Resources plc said it had a “highly creditable” result from processing fines from the surface waste tip at its Clogau-St David’s gold mine in north Wales. HISTORICAL Trench one revealed 16.4 grams equating to back-calculated head grade for the -20mm fines material of 3.83 g/t from trench one. Trench three resulted in 14.2 grams, […]
Guardian receives £15,000 via warrant exercise
Guardian Metal Resources plc received £14,999.95 following notice to exercise warrants over 88,235 new ordinary shares of 1 pence in the company at 17p per warrant share. Following admission the company’s issued share capital will comprise 110,107,858 ordinary shares of 1p each, with voting rights. Guardian is exploring for tungsten, industrial garnet, copper, lithium and precious metals in […]