Galantas Gold Corporation has cancelled shares and warrants issued to two marketing companies instead of payment in cash on order of the TSX Venture Exchange. CHIEF EXECUTIVE In March 2023 the company engaged Grit Capital Corp for 26 weeks to conduct advertising campaigns for a fee of US$65,000 plus HST*. Galantas paid Grit an initial […]
Author: editorial
Galantas sampling targets new Gairloch mineralisation
Galantas Gold Corporation aims to find new mineralisation in the Gairloch Schist belt by establishing the geochemical signature of its Kerry Road deposit in Wester Ross. VMS DEPOSIT The Canadian company previously said that its July 2023 drill results showed the potential for a district-scale polymetallic project at the site. Galantas will determine the location […]
Cornish Metals to restore NCK shaft early
Cornish Metals Inc will refurbish New Cooks Kitchen shaft ahead of schedule to ensure safety and allow larger equipment to access South Crofty tin mine at an earlier stage. FUNDING The company said it would reallocate proceeds from the May 2022 fundraising for the work. The rate of mine dewatering will also be reduced, with […]
FCM drill results show additional metals at Zigzag
First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]
Horizonte again defers Araguaia loan interest payment
Horizonte Minerals plc has again deferred waivers including interest due on the interim funding package for the Araguaia nickel project in northeast Brazil. PROTECTIVE Senior lenders had extended the waivers, originally due on 31 December 2023, to the end of February and have now agreed a new date of 29 March. Horizonte said it was […]
Corcel investor enters call option for 99m shares
Corcel plc said its investor Extractions Premium & Mining Ltd (EXT), which currently holds 24.37% of the company’s shares, has entered into a call option agreement. Under the agreement’s terms EXT has the right, from 1 March to 1 June 2024, to purchase up to 99,000,000 ordinary shares of the company from Richard Jennings. The price […]