First Class Metals plc reported visible gold in core taken during drilling at the 10km Roy prospect on the Sunbeam property in Ontario, Canada. GRADES The company said that all drill holes had intersected the mineralised ‘package’, while the structure has a strike of more than 250 metres, and “could extend beyond 350 metres”. The 1,000m […]
Tag: drilling campaign
Altona agrees $1.9m for Monte Muambe
Altona Rare Earths pl has secured a US$1,875,000 (£1.4m) grant from the American Government to go towards a rare earths prefeasibility study at Monte Mumabe, in northwest Mozambique. PARTNERSHIP The company today signed the agreement with the United States Trade and Development Agency (USTDA) at the US Embassy in Maputo. The grant will fund the […]
Conroy completes 2,000m drilling at Clontibret
Conroy Gold and Natural Resources plc has completed 2,000 metre drilling to test for higher gold grade and at greater depth, as well as for antimony, at Clontibret in Co. Monaghan, Ireland. THIRD RIG Drill core from the two holes is currently being logged, cut and sampled before being sent to the ALS laboratory in […]
First Class starts drilling at Sunbeam
First Class Metals plc has started a planned 1,000 metre drilling campaign on the 10km Roy structure at the Sunbeam gold property in Ontario, Canada. ROBUST Operator Forage PL is drilling the first hole SUN-26-01 which is a twin of historic hole SP-11-12. First Class said that the programme could possibly include a further three […]
First Class agrees up to £1m CLN
First Class Metals plc has secured new interest-free convertible loan note for up to £1 million with an international investor. WARRANTS The financing, agreed at the end of January, will fund inaugural drilling on the Sunbeam gold property in Ontario, Canada as well as general working capital. The interest-free convertible loan notes are of £1 […]
Metals to begin 6,000m drilling at Manikbel
Metals Exploration plc plans to begin its delayed 6,000-metre drilling programme on the Manikbel prospect, in the South of the Abra gold tenement, in northern Philippines. MRE The company said it had wanted consultations with the local indigenous peoples before starting operations. Metals bought Abra in August 2024 through its purchase of the YMC Group. […]