Corcel plc said it had refinanced its debt totalling £673,348 with lenders Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. REPAYMENTS The company will pay £235,671 cash in the coming three months and a 5% refinancing fee will be added to the outstanding balance. The remaining £471,343 will be subject to a twelve-month […]
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Oriole records up to 134 g/t from sampling at CLP
Oriole Resources plc reported multiple high grades, including 134.10 grammes per tonne (g/t) gold from rock-chip sampling at its 90%-owned Central Licence Package (CLP) project in Cameroon. MINERALISED CORRIDOR The 4,091km2 project comprises nine contiguous licences over previously unexplored Paleo-Proterozoic to Pan-African age rocks prospective for commodities, including orogenic-style gold mineralisation and lithium. Soil sampling […]
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Chesterfield potential Adeline buyer withdraws
Chesterfield Resources plc plans to look for an alternative buyer for its Canadian copper project after its potential purchaser withdrew from a conditional acquisition. SCALE The company said that Pacton Gold Inc. did not wish to proceed with the deal on the previous terms, which would have seen Chesterfield receive C$1.25m (£804,000) and C$300,000 (£193,000) for […]
Galantas expands into Scotland with Gairloch VMS project
Galantas Gold Corp has acquired exclusive rights to explore and develop the gold-bearing volcanogenic massive sulphide (VMS) deposit at Gairloch in Wester Ross, northwest Scotland. GAIRLOCH The project adds to the company’s existing Cavanacaw gold mine asset in Omagh, Northern Ireland. The 217 km² mineral licence, on land owned by the Gairloch Estate, covers the […]
Power Metal to confirm Tati gold-bearing system
Power Metal Resources plc said its 2023 exploration programme aimed to confirm a large gold-bearing system on its 100% owned and operated Tati gold project near Francistown in Botswana. PROGRAMME The company has started exploration activities which will also include the delineation of a deposit in the 8km long gold-in-soil anomaly. Work involves 500-metre mechanised trenching, […]