First Class Metals plc has intersected bonanza-grade gold, with visible gold observed, from initial drilling results at the Roy prospect on the Sunbeam property in Ontario, Canada. UPGRADE The company said that the findings highlighted “the presence of a high-grade mineralising system” at the past producing mine area. The initial results are from drill holes […]
Tag: drilling programme
Predator increases production in Trinidad
Predator Oil & Gas Holdings plc reported a 19% increase in production, along with further potential, following drilling and well workovers in the Bonasse and Goudron fields, onshore Trinidad. SNOWCAP Operator NABI Energy Holdings Ltd completed a heavy well work on the GY-211 well in Goudron, and initially flowed 221 barrels of oil per day. […]
Conroy begins deep drilling at Clontibret
Conroy Gold and Natural Resources plc has started a 2,000-metre drilling campaign to test the deeper potential and higher gold grade, as well as the presence of antimony, at Clontibret in Co. Monaghan, Ireland. ANTIMONY The drill holes will follow up on the “gold and antimony plunge trends” which were identified during detailed relogging. Drilling […]
Metals sees potential to expand La India
Metals Exploration plc has discovered further near-surface mineralisaton, with potential for expansion, following channel sampling at La India in Nicaragua. DRILLING Results outlined an extension between 100 and 300 metres at the initial phase I North pit. The programme, undertaken at the northern edge of the current La India system, followed exposure of “fresh mineralised […]
Oriole begins 2,950m drilling at MB01-N
Oriole Resources plc’s partner and operator has started an inaugural 2,950 metre diamond drilling programme at the MB01-North target at the Mbe gold project in central Cameroon. PAYMENTS BCM International Ltd will pay Oriole US$900,000 in three equal monthly instalments, beginning this month, and contribute $300,000 to drilling costs, as agreed on 5 November, for up 50% of […]
First Class secures £500,000 CLN
First Class Metals plc has agreed a convertible loan note for £500,000 with an “international institutional investor” to fund drilling the Dead Otter gold trend on North Hemlo in Ontario, Canada. USES The interest-free CLN matures in 12 months and has a conversion price of 80% of the lowest five-day VWAP prior to any conversion notice. The […]