Alba Mineral Resources plc reported “exceptionally high-grade sampling results” from No.4 level at the lower Llechfraith workings in Clogau-St David’s gold mine, north Wales. OPPORTUNITY The company said it was encouraged by the findings from refined composites of heavy mineral concentrates produced from processing more than 40 samples. From composite 1, recovery of gold weighed 3.1 […]
Tag: gold
Kavango nears revenue in Zimbabwe
Kavango Resources plc said its new Zimbabwe mining subsidiary will this month start generating revenue with the Hillside gold project. PROSPECTS Kavango Mining (Pvt) Ltd signed its first contract to begin immediate gold mining by taking over operations for 100% revenue. Today’s news follows Kavango’s plans to generate early cash flow by extracting gold from […]
Kavango looks to early cash flow from Nara gold dump
Kavango Resources plc could see early revenue from “significant” near-term gold production at tailings dumps on its Nara gold option in Zimbabwe. MINERAL RESOURCE ESTIMATE The project comprises 45 contiguous gold claims, each of 10 hectares, covering four historic mines. The company’s inaugural mineral resource estimate on two dumps combined showed an indicated 293,000 tonnes […]
Red Rock aims to finalise DRC arbitration award
Red Rock Resources plc aims to finalise its $10 million arbitration award either this week or next in the Democratic Republic of Congo. PROGRESS The company said it expected an initial $2.5 million from its local partner with $7.5m pending. The figures represent 50.1% of what was received by its partner from the buyer and […]
Red Rock prepares Bilbale for trial processing
Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]
Cornish Tin raises £2m via placing-crowdfunding
Cornish Tin Ltd ended last year with a total £2,080,000 million raised via a private placing by its shareholders and crowdfunding. EXPLORATION Funds will be used for working capital and to progress phase II drilling, started on 15 February 2024, after receiving permission on 9 January from Cornwall Council. Contractor Priority Drilling UK Ltd is […]