Oriole Resources plc said it had completed the conversion of the second tranche of directors’ wages into shares as part of the company’s salary sacrifice scheme. A total of £25,000 has been converted to 8,934,647 new ordinary shares of 0.1p each. Oriole added that following the issue of thee shares, the directors would collectively hold […]
Tag: gold
Ormonde enters conditional €2.3m sale of La Zarza interests
Ormonde Mining plc has signed a conditional framework agreement for the €2.3 million sale of its interests in the La Zarza copper-gold project in Spain. TRANSACTION The transaction is with La Zarza Mineria Metalica S.L.U, a subsidiary of Spanish company Tharsis Mining S.L, which controls the mining rights to La Zarza. The sale comprises Ormonde’s […]
Galantas agrees further $530,000 from Ocean and extends £1m loan
Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]
Anglesey Mining starts work on Parys TMS
Anglesey Mining plc has started work on the tailings management system (TMS) for its base and precious metals project at Parys Mountain in North Wales. KNIGHT PIÉSOLD Parys Mountain hold a copper-zinc-lead-silver-gold with a 2020 reported resource of 5.2 million tonnes at 4.3% combined base metals in the indicated category and 11.7Mt at 2.8% combined […]
Kavango concept report confirms economic viability of GRS in KSZ
Kavango Resources plc said that a concept report confirmed the economic viability of the iron oxide copper-gold (IOCG) target at the Great Red Spot (GRS) in the northern (Hukuntsi) section of the Kalahari Suture Zone KSZ), Botswana. IOCG SYSTEMS The exploration company added that the IOCG target exhibited similar geophysical signatures to the Olympic Dam […]
Oriole awaits results of 1,980 samples from Cameroon
Oriole Resources plc said it expected results during Q3 2022 of 1,980 samples from its 90% owned Central Licence Package (CLP) and Bibemi gold projects in Cameroon. CLP The CLP project (3,592km2), located in the centre of Cameroon, comprises eight contiguous licences (five defined as Eastern CLP and three as Western CLP). Oriole completed the […]