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 […]
Tag: drilling programme
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 […]
Alba begins inaugural drill at Finnsbo
Alba Mineral Resources plc has started its inaugural drill, of three holes for 300 metres, at the Finnsbo gold-copper-rare earth elements earn-in located in eastern Bergslagen, Uppland, eastern Sweden. EXPENDITURE The two-week operation aims to determine continuity of high-grade mineralisation, with a focus on the ‘Pop 2’ site. Alba’s first stage earn-in involves the right […]
CRL drills notable intersects at Redmoor
Cornwall Resources Ltd’s first drill hole has met its expectations with “notable” mineralised intersections at its Redmoor tungsten-tin-copper project in Kelly Bray. TWINNING The findings are the first from a current nine-borehole drill programme for 5,300 metres of new diamond core drilling. The company completed borehole CRD033, “unique” in the campaign, to 600.4m before geological […]
Kavango begins 1,400m drilling at Bill’s Luck
Kavango Resources plc has started its resource drilling programme, designed to increase production, at Bill’s Luck gold mine on the Hillside project in Zimbabwe. PAYBACK The 1,400m campaign comprises diamond drilling, infill diamond drilling and reverse circulation drilling, ahead of defining an inaugural mineral resource estimate suitable for three years’ mining. Operations will focus on […]