Galantas Gold Corporation has appointed Micon International to produce a NI 43-101-compliant mineral resource estimate (MRE) for its Cavanacaw gold project in Omagh, Northern Ireland. DRILLING CAMPAIGN The Canadian company last year completed its largest exploration programme of more than 4,100 metres, since the 2014 resource estimate. The new MRE will also include drill results […]
Author: editorial
Reabold directors buy 56.8m ordinary shares
Reabold Resources plc directors today purchased in total approximately 56.8 million ordinary shares of 0.1p in the company. DEALINGS Co-chief executive Stephen Williams purchased 10,660,744 ordinary shares each at an average price of approximately 0.27 pence per share. Mr Williams’ spouse; 7,000,000 ordinary shares each at 0.295 pence. Co-chief executive officer Sachin Oza; 25,644,236 ordinary […]
Caerus ex-directors return 4.9m shares
Caerus Mineral Resources plc’s investigation into “certain actions and commercial decisions by previous management” will see 4.9 million shares returned and 10m warrants cancelled. GOVERNANCE The company will also focus on its alliance with cornerstone investor EV Metals Group (EVM), and rebuild shareholder confidence. Chairman Christoper Lambert said in a statement today that he remained […]
First Class optimistic over West Pickle Lake results
First Class Metals plc said it was “cautiously optimistic” following results of further high grade nickel sulphides at the West Pickle Lake earn-in at its Canadian Schreiber-Hemlo and Sunbeam project. POTENTIAL The joint venture lies on the eastern flank of FCM’s 100% owned principal North Hemlo project. Partner and operator Palladium One Inc has the option […]
Cora completes DFS and optimised economics
Cora Gold Ltd has completed the definitive feasibility study (DFS) alongside its inaugural reserves and optimised project economics for its flagship Sanankoro gold project in southern Mali. RESERVES The inaugural probable reserves are 422koz @ 1.3 g/t Au with 6.8 years reserve mine life and average annual production of 56,000 oz. A total of 121koz […]
Horizonte secures renewable power for Araguaia
Horizonte Minerals plc has secured long-term renewable power at a low cost for its 100%-owned Araguaia nickel project in Pará state, Brazil. SUPPLIERS The company awarded the power purchase agreements to “a subsidiary of a global AAA rated energy company” and Casa dos Ventos Comercializadora de Energia S.A. (CDV). CDV holds the largest portfolio of […]