Union Jack Oil plc’s joint venture has spud the Sark well, targeting an estimated 1,440,000 barrels of oil gross and a further potential 1.5 million barrels, in central Oklahoma, USA. PARTNERS The company will use the proceeds from the July £2 million fundraise for the programme. The overall US$3m drilling programme comprises Sark and Wolverine-1 wells […]
Tag: drilling campaign
Peak signs Portsoy option with Winshear
Peak Nickel Ltd has signed an “arm’s length” option agreement for Canadian explorer Winshear Gold Corp to earn 100% of its Portsoy nickel, copper and cobalt exploration licence in Aberdeenshire. NEAR SURFACE The 250km2 licence contains the Rodburn target as well as others yet to undergo drill testing. Peak’s work from 2022 to 2023 includes […]
Sunda again defers drilling Chuditch-2
Sunda Energy plc has deferred drilling the Chuditch-2 appraisal well offshore Timor Leste to the first half of 2026 because it was unable to agree a rig contract. LOGISTICS Drilling, already once deferred from its original date of early 2025, was due to begin during the second half of this year on the field under […]
Ormonde drills ‘quality’ targets at Golden Rose
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 […]
Kavango returns high gold grades at Hillside
Kavango Resources plc has intercepted “higher than expected” gold grades from preliminary resource drilling at Prospect 3 on the Hillside gold project in Matabeleland, southern Zimbabwe. EXTENSION The programme involved 34 drill holes of between a depth of 60 metres and 105m for a total 2,109.16m. The company said that the intercepts, within six defined […]
Tertiary completes first Konkola West drill hole
Tertiary Minerals plc’s earn-in partner has completed drilling the first hole, short of the target horizon, at the Konkola West copper project in Zambia. POSITIVE Following “continued technical difficulties and limited advancement” operator KoBold Metals drilled hole KWDD001 to a down-hole depth of 2,711.1 metres. KoBold has the right to earn into the project by […]