Horizonte Minerals plc has entered administration and suspended trading after failing to secure full financing for its Araguaia nickel project in Brazil. INJUNCTION The company’s shares stopped trading on AIM today and TSX at 6pm on 15 May. Its nominated adviser Peel Hunt LLP resigned, with Horizonte having “no current intention” of appointing a replacement. […]
Author: editorial
Golden Metal confirms new Garfield anomalies
Golden Metal Resources plc said it had confirmed two “highly prospective” buried magnetic anomalies at its Garfield copper project in Nevada, USA. SIZE The findings are from the inversion modelling of the magnetic geophysics survey data and follow last month‘s identification of potential porphyry targets. The first is at High-Grade zone, where two “discrete magnetic […]
Clontarf advances bid for Bolivia salt pans
Clontarf Energy plc aims to partner with the German Mittelstand after reaching the third phase of the bidding process for seven priority salt pans in Bolivia. OFF-TAKE Phase III includes confirmation of the financial capacity of the company’s joint venture with NEXT-ChemX. Assessment by the Bolivian State Lithium Company (YLB) will include a review of […]
EGT defines large REE zone and drill targets
European Green Transition plc said it had defined a new large zone and several drill targets at the Djupedal prospect, 2.5km northwest of the Olserum rare earth elements project in south Sweden. EXPANSION Channel samples over a 100m zone showed REE mineralisation, including three metres grading 1.58% total rare earth oxide and one metre grading […]
Alba produces high-grade gold from Clogau tip
Alba Mineral Resources plc said it had produced high-grade gold of up to 17.22g/t from fines taken from the historic waste tip at its Clogau-St David’s gold mine in North Wales. REFINERY The trenching programme has to date seen nearly 33 tonnes of <20mm material excavated from the tip. Alba produced four concentrates from composite samples […]
Anglesey targets increased indicated resource
Anglesey Mining plc expects results from its three now completed infill drill holes to increase the indicated resource category at its 100% owned Parys Mountain polymetallic project. CONTINUITY The programme targeted the Northern Copper zone (NCZ) and Garth Daniel zone, where holes NCZ001 and NCZ002 were previously drilled. The final hole NCZ003 has intersected a […]