Altona Rare Earths plc has submitted a project proposal for United States’ funding for its Monte Muambe rare earths-fluorspar-gallium project in Tete Province, northwest Mozambique. DRILLING The company sent a formal proposal to the US Trade and Development Agency after the US Government had “re-engaged” on possible financing for a rare earths prefeasibility study. Altona […]
Tag: gallium
Altona to use £507,450 at Monte Muambe-Sesana
Altona Rare Earths plc has raised £407,450 through a subscription for 6,913,333 new ordinary shares of one pence each at 2.965p per subscription share, and the transfer and exercise of warrants. DIRECTORS Each new subscription share carries one warrant to subscribe for one new ordinary share at two pence for a period of 12 months […]
Panther sees ‘many millions’ cash from Winston
Panther Metals plc said that sampling results had confirmed the “considerable potential value” of the tailings storage facility at its optioned Winston mine project in Ontario, Canada. INFRASTRUCTURE The site comprises the Pick Lake and Winston Lake deposits, the Winston Lake mine site infrastructure and “highly prospective” exploration targets. Sampling returns exceeded the company’s expectations […]
Tertiary begins 1,500m drilling at Mushima North
Tertiary Minerals plc has started up to 1,500 metres combined air core and reverse circulation drilling programme at the large target A1 silver-copper-zinc prospect at Mushima North in Zambia. ELEMENTS The campaign will test over 1.6km of strike and up to 0.3km width, as well as the depth extension of mineralisation in key areas to […]
Altona’s results bolster case for fluorspar mine
Altona Rare Earths plc said “very encouraging” assays from Monte Muambe “significantly” strengthened the case for a 50,000 tonnes per annum acid-grade fluorspar mine at the Mozambiqe project. GLOBAL The company confirmed grades ranging from 69.72 to 93.31% calcium fluoride from assays of grab samples. The results also validated gallium soil geochemistry as an effective exploration […]
Guardian returns ‘very high’ tungsten at Tempiute
Guardian Metal Resources plc confirmed “very high grade” tungsten and gallium mineralisation across multiple zones at the Tempiute project in south-central Nevada, USA. EAST ZONE The company has also staked 31 additional exploration targets at the site. The assay results from fieldwork include “high grade” tungsten mineralisation along more than 1,300 metres strike length of outcropping […]