First Development Resources plc has been granted an environmental (mining) licence, which allows drilling on the Selta project in the Northern Territory, Australia. COMPELLING The company will focus on the high priority Lander West gold target, located within the Stafford gold trend. Operations will include targeted reverse circulation drilling for 40 reverse circulation drill holes, […]
Tag: gold
Tertiary awards 47m warrants
Tertiary Minerals plc has granted a total of 47 million five-year warrants, exercisable at 0.085 pence per new ordinary share, to its directors and employees as part of their remuneration. ZAMBIA The warrants represent 0.91% of the company’s existing issued share capital and allow the recipients to subscribe for new ordinary shares of 0.01 pence […]
Metals on track at La India with increased budget
Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Conroy intersects deepest mineralisation to date
Conroy Gold and Natural Resources plc said it had intersected the deepest gold mineralisation to date, in the first hole of 2,000 metres deep drilling, at Clontibret in Co. Monaghan, Ireland. TARGET Today’s results from drill hole CGC-25-001 include 2.8m at 4.5 grams per ton gold intersected, including 0.5m at 15.0 g/t gold. The company […]
Arkle to begin uranium exploration in Namibia
Arkle Resources plc plans to start exploring soon on its recently acquired uranium project in the Erongo Region of Nambia. ALASKITE The four 85%-owned exclusive prospective licences, covering 540 km² and located adjacent to major projects, last year underwent sampling programmes. Arkle said it was fully funded to carry out phased exploration work during 2026, […]
Panther signs LoI for Winston with Traxys
Panther Metals plc has signed a non-binding letter of interest over its Winston Lake mine tailings project in Canada with Traxys Europe SA, a division of global commodity trader and merchant Traxys Group. CONFIDENCE The project in Ontario contains high-grade gold, gallium, silver, zinc, copper, indium and cobalt as well as other minerals within the […]