Ormonde Mining plc’s investee looks to increase its footprint and has also completed 1,988 metres’ diamond drilling at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. FOLLOW-UP TRU Precious Metals Corp exercised its initial option to acquire a 51% interest in the Staghorn property which represents around 11% of the overall project. […]
Tag: gold
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 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 […]
Guardian joins Critical Minerals Forum
Guardian Metal Resources plc has become a member of the Critical Minerals Forum (CMF) in the United States. VALUE The company holds tungsten, lithium, base and precious licences in Nevada. Founded in 2024, the CMF has a partnership with the Defense Advanced Research Projects Agency’s (DARPA) open price exploration for national security (OPEN) initiative, which […]
Conroy raises €240,000 via CLNs
Conroy Gold and Natural Resources plc has raised €240,000 (£203,400) through the issue of unsecured and unlisted convertible loan notes to existing and new investors in the company. CLONTIBRET The conversion price for the CLNs is £0.10 per share, a 277% premium to the closing mid-market price of 2.65 pence for Conroy’s ordinary shares of […]
Oriole returns 125 gold-bearing intersects at Mbe
Oriole Resources plc reported an “incredible” discovery rate of 125 gold-bearing intersections in the first eight drill holes from its inaugural campaign at the Mbe orogenic gold project in the Adamawa region, Cameroon. MRE A total of 2,667.3 metres’ drilling at the MB01-S target revealed approximately “one gold intersection for every 21m drilled”. Results from […]