Predator Oil & Gas Holdings plc has started the regulatory approval process for rigless testing of the MOU-1 well for the Guercif petroleum agreement, onshore Morocco. WRITTEN INTENT The company has sent a written outline to the Office National des Hydrocarbures et des Mines (ONHYM) on the testing programme, intervals to be tested and the quantities […]
Author: editorial
Corcel renews Wowo Gap cobalt-nickel licence
Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Power Metal to create value from existing assets
Power Metal Resources plc plans to focus more on creating value from its existing interests rather than on acquisitions during the remainder of 2023. NEW PHASE In the group’s audited financial results for the year ended 30 September 2022, Power Metal chief executive Paul Johnson said that operational targets for 2023 included “proactive exploration work” for […]
Chesterfield signs new deal to sell Adeline
Chesterfield Resources plc has signed a new agreement to sell full ownership and rights over its Adeline copper project in Canada. TERMS The company had previously signed a conditional deal with Pacton Gold Inc which withdrew because of the “immense size” of the project. Today’s announced agreement will see Sterling Metals purchase an option for […]
Cornish Metals progresses mine water treatment plant
Cornish Metals Inc said it had made “very good progress” over the last eight months towards the start of tin production in 2026 at South Crofty mine in Cornwall. DISCHARGE The Canadian company has been working on the mine water treatment plant (WTP) along with continuing its drilling campaign. The WTP is designed to treat […]
Conroy returns 40m gold intersection at Clay Lake
Conroy Gold and Natural Resources plc assays showed a gold intersection extending 40.5m at 1.2 g/t gold at Clay Lake in County Armagh, Northern Ireland. CONTINUITY The results are from the first of eight holes in step-out drilling for 2,000 metres on the Derryhennet section on the Longford-Down Massif. The drill hole lies 200m southwest […]