Ormonde Mining plc’s investee has started a 1,800-metre drilling campaign to test, for the first time, a “pipeline of quality exploration targets” at the Golden Rose copper-gold project in Newfoundland. REVIEW The company owns 36.3% of project owner and operator TRU Precious Metals Corp, while Eldorado Gold Corporation holds an option over Golden Rose. TRU’s […]
Tag: copper
Redmoor in line for possible cash injection
Cornwall Resources Ltd could be in line for an injection of several million pounds for the Redmoor project after its parent company agreed a tentative deal to sell its Australian assets. LISTING Strategic Minerals plc signed a non-binding heads of agreement with Axis Mining & Minerals Pty Ltd to sell its Australia subsidiary which owns […]
Guardian returns high grades at Garfield
Guardian Metal Resources plc has identified “high grade” gold, silver, base metals and “strong” antimony values from reanalysis of surface samples at its Garfield project in Nevada, USA. SCALE The company has also staked a further 11 claims to the property which currently has four zones of Power Line, High Grade, Pamlico and Freeze. Guardian […]
Tertiary views further potential at Mukai
Tertiary Minerals plc said that initial scout drilling results indicated more promise at the Mukai copper project in Zambia. PRIORITY First Quantum Minerals Ltd (FQM), which is managing the exploration as part of its due diligence, completed an initial scout drilling programme of three diamond drill holes for a total 554 metres. FQM holds the […]
Central Asia sells Copper Bay interest
Central Asia Metals plc has completed the sale of its 76.1% shareholding in Copper Bay Ltd, with mineral rights to a copper tailings project in Chile. DEVELOPMENT The company said that the purchase by Guardian Metals plc triggered compulsory ‘drag’ rights over the remaining 23.9% held by minority shareholders, also acquired by Guardian Metals. Central […]
Altona issues 2m shares as directors’ salary
Altona Rare Earths plc today issued a total 2,080,494 ordinary shares of £0.01 each in lieu of cash salary payments to its directors. TVRs The move is accordance with agreed measures to conserve cash on a month-by-month basis. Chief executive officer Cedric Simonet received 573,276 shares to hold 3,398,986 shares in total, representing 2.05% holding […]