First Class Metals Ltd (FCM) said that drilling was soon due to start at its precious metals Pickle Lake property in North Hemlo in Ontario, Canada. PICKLE LAKE Pickle Lake comprises 33 single cell mining claims for which FCM has now received an exploration permit, ahead of earn-in partner Palladium One beginning a drill programme. […]
Tag: gold
Galantas on course for production at Cavanacaw
Galantas Gold Corporation said it remained on course for production next month and reaffirmed the potential for higher widths of mineralisation at Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s results from four holes of its 4,000m drill programme from the underground development at the Kearney vein include: – FR-DD-22-UG-183 intersected a new […]
Power Metal restructures Australia subsidiary
Power Metal Resources plc has restructured its subsidiary with interests in Australia by acquiring 100% of Pardoo Resources Pty Ltd holding gold-copper interests in the Paterson Province. STRUCTURE Power Metal owns 83.33% of First Development Resources (FDR UK). Pardoo is an Australian exploration holding company which holds projects in trust for First Development Resources Pty Ltd (FDR Australia). In 2021, […]
Caerus notes ‘ready-made’ drill targets
Caerus Mineral Resources plc reported high grade gold assays made for a target ready to drill at its Kambia – Kapedes copper-gold project in Cyprus. KAMBIA The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time during the 1930s. […]
Cora identifies new gold discoveries at Sanankoro
Cora Gold Ltd said it had identified two new gold discoveries from the first results of the 2022 drill programme at Sanankoro in southern Mali. DEVELOPMENT The campaign comprised 11 aircore shallow holes for 897m and 78 reverse circulation holes for a total 6,992m. Operations included 4,958m at Zone B North; 1,092m at Selin South, […]
Caerus Mineral CEO Martyn Churchouse to step down
Caerus Mineral Resources plc announced that chief executive officer Martyn Churchouse will step down from the post. He will be succeeded by Charles Long on 16 May 2022. Mr Churchouse will remain in a senior consulting role to ensure continuity and advancement of the company’s joint venture with Bezant Resources plc for the Troulli copper-gold project […]