First Class Metals plc is refining targets for a possible drilling campaign within the Sunbeam gold property, one of its two main projects in Ontario, Canada. GRANT The project holds three development sites of the past producing Sunbeam mine, Roy and Pettigrew. Exploration work on the 88km2 site has progressed to include the collection of […]
Tag: exploration
Oriole directors buy 19.7m shares
Oriole Resources plc reported three directors’ purchases of a total 19,711,343 ordinary shares of 0.1 pence each in the company, at an average price of 0.21 pence per share. TVRs Chair Eileen Carr bought 15 million shares and now holds 196,672,969 shares, equal to 5.05% of the issued share capital of Oriole following the transaction. Chief […]
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 […]
Karelian discovers ‘promising’ target at Cappagh
Karelian Diamond Resources plc has identified a “significant” and “promising” new copper target on the site of the historic Cappagh copper mine in County Tyrone, Northern Ireland. DATA The company has completed initial desktop studies and reconnaissance work since receiving the six-year licence KDR4 in May from the Department for the Economy. Managing director Maureen […]
Sunrise notes ‘extensive’ sepiolite beds at Pioche
Sunrise Resources plc has identified “extensive sepiolite beds” based on exploration data now received from its former earn-in partner Tolsa at the Pioche sepiolite project in Nevada, USA. TARGETS The Spanish company’s work since June 2022 included geological mapping, trenching, surface sampling, 20 auger drill holes, 10 sonic drill holes and specialist testing results for […]
CMR starts exploration at Igli
Critical Mineral Resources plc has begun exploration at the copper-silver Igli option in the Anti-Atlas, Morocco. PRODUCTION Phase I includes detailed geological rock and structural mapping to 50m spacing, locating silver, copper and other “economic mineral” showings across the property, rock chip, channel and stream sediment sampling, and high resolution satellite imagery, CMR, which is […]