Red Rock Resources plc raised £288,750 before expenses by placing 175,000,000 new ordinary shares of £0.0001 each in the company at a price of 0.165 pence per share. On admission, the company’s issued ordinary share capital will comprise 2,480,597,791 ordinary shares, each with voting rights. No shares are held in treasury. USES Net proceeds will be used […]
Author: editorial
Galantas surface drilling targets inferred resource
Galantas Gold Corporation will begin new surface drilling to target inferred resource and potentially increase ounces at Cavanacaw mine in Omagh, Northern Ireland. MINE PLAN The Canadian company yesterday received permission from Fermanagh and Omagh District Council’s planning committee to drill eight exploration holes in early July. These will target gaps and areas of the […]
Power Metal extends uranium assets into Athabasca
Power Metal Resources plc has extended its uranium portfolio to within the Athabasca Basin ahead of beginning its largest exploration campaign in Saskatchewan. PERCH RIVER The two-year Perch River licences, covering 39.41km2, lie less than 10km from the northern Athabasca basin edge and are covered by Athabasca sandstone to an estimated depth of 50 to 200m. A […]
Hartshead submits Anning- Somerville FDP
Hartshead Resources NL has submitted its phase I field development plan (FDP) for the Anning and Somerville joint venture gas developments in the southern North Sea. PRODUCTION The FDP includes the subsurface interpretation, planned development wells, production forecasts and facilities, gas transportation route to market, QHSE, and commercial and economic aspects of the development. The […]
Conroy to raise £400,000 via discounted shares
Conroy Gold and Natural Resources plc has raised £400,000 by issuing nearly three million new ordinary shares to two investors. TERMS A total of 2,962,962 new ordinary shares of €0.001 [sic] will be issued, each at 13.5 pence and representing a discount of 9.2% to the closing mid-market price of 14.875 pence on 19 June […]
Golden Metal increases high priority Pilot targets at Pilot
Golden Metal Resources plc has identified two further high-priority exploration targets from survey results at its Pilot Mountain tungsten project within the prolific Walker Lake mineral belt in Nevada, USA. PORPHYRY SOUTH The targets add to the previously announced three exploration targets from detailed interpretation and inversion modelling of the high-resolution induced polarisation geophysics survey. […]