Conroy Gold and Natural Resources plc said the first two completed holes of an eight-hole step-out drilling programme had intersected mineralisation at the Clontibret gold joint venture (JV) in County Monaghan, Ireland. DRILL HOLES The company’s JV is with Turkish miner and operator Demir Export. Demir drilled hole 1 to a down hole depth of […]
Tag: gold
Cora Gold retains Lionhead support for Sanankoro
Cora Gold Ltd said that its lead investor would continue its support even if the company missed the deadline for a definitive feasibility study (DFS) at the Sanankoro gold project in southern Mali. LIONHEAD In September 2021, Lionhead Capital Advisors Proprietary Ltd and Cora entered a US$25m mandate and term sheet to fund the development […]
Ormonde looks to Africa-Europe projects
Ormonde Mining plc said it was reviewing a range of new opportunities for base and precious metals, battery metals and precious stones in Africa and Europe. TRANSITION The company made the announcement in its final results for the year ended 31 December 2021 which showed a total comprehensive loss of €1.6 million, including €400,000 asset […]
Scotgold receives £2m in second tranche loan
Scotgold Resources Ltd said it had received the second tranche of the new loans of £2.015 million for Cononish gold and silver mine near Tyndrum in Scotland. LOAN The sum is from a loan procurement agreement with Fern Wealth GmbH from a syndicate of high-net-worth investors for up to £3m. Scotgold added it anticipated to […]
Galantas notes CEO’s early warrant exercise
Galantas Gold Corporation announced the early exercise of 83,333 warrants at an exercise price of CA$0.40 by its chief executive officer Mario Stifano. Following the exercise on 9 May, a total of 17,225,265, $0.40 warrants from the 14 May 2021 financing remain outstanding and are due to expire on May 14, 2023. Following admission, Mr Stifano’s interest will […]
Anglesey encouraged by first Parys infill drill results
Anglesey Mining plc said the first assay results were encouraging from the initial four holes of infill drilling at its polymetallic project at Parys Mountain on Anglesey, northwest Wales. INFILL DRILLING The company, exploring for copper, zinc, lead, silver and gold volcanic massive sulphide deposits at the site, conducted infill drilling of the White Rock […]