Sunrise Resources plc said that plans for boreholes and further trenching would test extensions at its Pioche sepiolite project in Nevada. OPTIMISTIC Potential purchaser Tolsa S.A is working with the US authorities to obtain approval for 13 holes, each to a maximum of 130ft deep, as well as three large trenches for a total 300m. […]
Author: editorial
Cora completes drill testing Madina Foulbé
Cora Gold Ltd has completed 2,018m of phase I exploration drilling at the Madina Foulbé gold permit within the Kenieba project area in east Senegal. DEVELOPMENT The permit lies near several tier-1 gold deposits within the Mako geological belt of the Kédougou-Kéniéba Inlier. Results from samples from the reverse circulation over 40 holes are expected […]
Baron Oil chairman buys 30m shares
Baron Oil plc independent non-executive chairman Gerry Aherne has bought 30 million ordinary shares of 0.025 pence each in the company, at a price of 0.0676 pence per share. Mr Aherne’s total beneficial shareholding of 30m shares represents approximately 0.12% of the company’s current voting rights. The £20,280 purchase took place on 28 May.
Galantas plans Kearney North surface drill
Galantas Gold Corporation plans to surface drill test the Kearney North target for a northern extension at Cavanacaw in Omagh, County Tyrone. POTENTIAL The Canadian company said that the deposit area had “well developed” sulphide rich, gold-bearing veins. “Geological modelling suggests that a concealed ore shoot may lie to the north of the site at […]
Power Metal completes Wilan merger
Power Metal Resources plc has agreed the merger, announced in December 2022, of its Wilan IOCG* project in South Australia with additional licences in Queensland, and the subsequent sale. INCUBATOR The expanded portfolio includes Wilan’s two exploration licences over a total 1,994km2 in the Olympic Dam precinct and the Fiery Creek and Bartola copper projects in […]
Baron Oil to change company name
Baron Oil plc plans to change its name to Sunda Energy plc, reinforcing its “unambiguous” focus on southeast Asian energy markets. DEMAND The company’s project is the offshore Timor-Leste TL-SO-19-16 production sharing contract, where the Chuditch-2 appraisal well is due to be drilled. Baron said it was concentrating on potential Chuditch drill funding partners and […]