Predator Oil & Gas Holdings plc said that MOU-4 well drilling results showed the Moulouya Fan anomaly extended farther than previously mapped at Guercif, onshore Morocco. INTERVALS Operations showed mixed findings, with two of four prospects awaiting consultant NuTech wireline logs including the M1 Sand shallow interval from 540 to 589 metres TVD MD, not […]
Author: editorial
Hartshead pursues third-party funding
Hartshead Resources NL has taken further steps to secure third-party funding for phase I development on P2607 gas licence in the UK southern North Sea. SURVEYS The Australian company has appointed corporate finance energy sector specialist Carlingford-GFI, extended its mandate with LAB Energy Advisors Ltd, and is exploring “multiple parallel options” to secure funds. Options […]
FCM signs up to 80% earn-in for Pickle Lake
First Class Metals plc has signed an earn-in for up to 80% with OnGold Investment Corp for the Pickle Lake property in McGill township, Ontario. EXPLORATION The property, of 163 single cell mining claims over 3,455ha, lies north of FCM’s West Pickle Lake nickel-copper discovery and contiguous to its North Hemlo property and Palladium One’s […]
Cora starts tendering process for Sanankoro
Cora Gold Ltd has begun the tendering process for the front-end engineering and design and construction of the Sanankoro mine in the Yanfolila gold belt, southern Mali. BOUNDARIES The company is awaiting the end of the Mali Government’s November 2022 permit moratorium before formally starting the contract mining process. The application for the Sanankoro mining […]
Scotgold reviews mine design, schedule and production
Scotgold Resources Ltd plans a third-party review for the next 12 months at its Cononish mine following dwindling cash and initial low grade gold finds. DEVELOPMENT RATES The review will initially assess the mine design, schedule and production forecasts. Second stage power and ventilation upgrades will also be included to improve mine accessibility, allowing simultaneous operation […]
Cora Gold strengthens in-house team
Cora Gold Ltd has appointed a project manager, mining consultant and head of geology to broaden the company’s in-house capabilities. LOURENS STEENEKAMP Lourens Steenekamp, with a career spanning over three decades, began his career with Gold Fields. He then held engineering roles in Ghana and Tanzania where he progressed to construction projects. More recently, Mr […]