Oriole Resources plc has signed a completion agreement, including 2,950m inaugural diamond drilling, with its earn-in partner on the Bibemi and Mbe gold projects in Cameroon. EXPLORATION BCM International Ltd expects to begin operations in December, and will focus on MB01-N. The operator aims to convert the target’s range of 15 to 20 million tonnes […]
Tag: earn-in
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 […]
Power Metal nears Oman copper earn-in target
Power Metal Resources plc has completed 10% of its 12.5% earn-in on the Block 8 copper exploration concession in northern Oman. TARGETS The company spent US$500,000 on work including rock chip sampling, mapping and in-fill gravimetric geophysics surveys focused on “high priority” prospects, Al Maider and Al Mansur. Power Metal said that both prospects had the […]
Power Metal rules out Qatan earn-in
Power Metal Resources plc has decided against a binding agreement for a 49% earn-in with a US$3 million spend on the Qatan exploration licence in southern Saudi Arabia. MUTUAL The company signed a letter of intent in September 2024 with Saudi Arabian explorer and miner Al Masane Al Kobra Mining Company (AMAK) for the volcanogenic […]
Oriole returns ‘best’ gold intersects so far at Mbe
Oriole Resources plc reported some of the “best gold intersections” to date, among further multiple intersections near surface, at its 90% owned Mbe orogenic gold project in the Adamawa Region of central Cameroon. MRE The inaugural diamond drilling campaign, focused on the MB01-S target, is almost 70% complete, with nearly 200 gold intersections returned to […]
Power Metal extends time to sign Qatan licence
Power Metal Resources plc has agreed a three-month extension to signing the 49% earn-in agreement for the Qatan copper-nickel exploration licence in southern Saudi Arabia. AGREEMENT The December 2024 letter of intent for a binding agreement with Al Masane Al Kobra (AMAK) Mining Company was for Power Metal to spend US$3 million for the earn-in. Power Metal […]