Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]
Tag: copper
Power Metal signs contract for 2,600m Molopo drill
Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]
Kavango identifies two major drill targets at KCB licence, Botswana
Kavango Resources plc has confirmed two major drill targets at its Kalahari Copper Belt (KCB) licence PL082/2018 in Botswana. JOINT VENTURE The company is earning in a 90% interest in prospecting licences PL082/2018 and PL083/2018 covering 1,091km2. The licences are held in a joint venture with LVR GeoExplorers (Pty) Ltd. TARGETS The company identified the […]
Power Metal completes Pilot-Garfield surveys
Power Metal Resources plc said it had completed geophysics surveys ahead of selecting target areas for drilling at its precious and base metal projects in Nevada, USA. PROJECTS The company’s subsidiary (83.13%) Golden Metal Resources plc, holds 100% of the Pilot Mountain, Garfield and Stonewall projects, and a right to earn-in to a 100% interest […]
Cornish Metals intersects high grade mineralisation at United Downs
Cornish Metals Inc said it had intersected multiple high grade copper-tin-zinc mineralised zones based on the remaining results from Phase I drilling at its United Downs project in Cornwall. TARGETS The results include those from the Mount Wellington and United Mines targets within the project which lies some eight kilometres east of the South Crofty […]
Alba buys remaining stake in Clogau
Alba Mineral Resources plc said it had agreed to acquire the remaining 10% interest in Gold Mines of Wales Ltd (GMOW) to take 100% ownership of the Clogau gold project in the Dolgellau Gold Belt in Wales. CLOGAU The site contains the Clogau gold mine where Alba identified prospective gold targets through extensive exploratory drilling in […]