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 […]
Tag: drilling programme
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 […]
Union Jack raises £2m
Union Jack Oil plc has raised £2 million before expenses through a placing and subscription of an aggregate 40 million new ordinary shares of five pence each, at five pence per new ordinary share. DIRECTORS Each placing and subscription share has one warrant attached, exercisable at eight pence for a period of two years, equal […]
Power Metal prepares to drill Perch River
Power Metal Resources plc is completing preparations for drilling on its Perch River uranium joint venture property, containing the Rapids target, in the Athabasca Basin, Saskatchewan, Canada. TARGETS Following receipt of a permit last week for a seven to eight-hole diamond drill holes, the company will target the soil and in-situ radon anomalies of Rapids and a […]
Oriole finds further gold mineralisation at Mbe
Oriole Resources plc reported further gold mineralisation from the inaugural drilling programme at its 90% owned Mbe orogenic gold project in the Adamawa region of Cameroon. OPEN PIT Earn-in partner BCM International Ltd has acquired an initial 10% interest in Mbe with a further 40% on a $4 million spend on exploration. The phase I campaign at […]