Caerus Mineral Resources plc reported results of residual gold in dumps and in new targets at the Kalavasos project licences in Cyprus. KALAVASOS The project consists of five Kalavasos licences and the Pano Lefkara and Layia licences. The area includes several abandoned mines including Platies, associated waste dumps and exposed gossans. Caerus said that widespread ancient […]
Tag: gold
Conroy Gold JV starts drilling to extend Clontibret target
Conroy Gold and Natural Resources plc said 3,000m drilling had started at its joint venture Clontibret gold target in Ireland. PROGRAMME The company’s joint venture (JV) partner and operator Demir Export S.A. began the eight-hole programme at the end of April. Conroy Gold added that the programme aimed to extend the eastern gold lodes and […]
Caerus results indicate new Troulli mineralised zone
Caerus Mineral Resources plc said that recent drill results indicated an extension to copper-gold mineralisation at the Troulli project in Cyprus. PLANT DESIGN The company and its joint venture partner Bezant Resources plc received assays for eight out of ten recently completed drillholes. Caerus highlighted hole TRDD030 intersection of high-grade copper – gold mineralisation over a “notable […]
Galantas losses increase at Cavanacaw gold mine
Galantas Gold Corporation reported an increase in losses as administrative costs doubled for its gold project at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for year ended 31 December 2021 show net loss of CA$5,284,431 (2020: $3,228,452). General administrative expenses were $4,332,865 (2020: $2,065,277). Cash outflow from operating activities before changes in non-cash […]
Galantas extends metals licences for Irish subsidiary
Galantas Gold Corporation has been granted additional licences to increase its base and precious metals prospecting area in Ireland. FLINTRIDGE RESOURCES The Canadian company’s local operating subsidiary Flintridge Resources Ltd has expanded its two areas in Co. Leitrim, increasing the total exploration land package by 47.8km2 to 159.4km2. In October 2021, the Minister for the Environment, […]
Galantas to recruit overseas miners to bridge skills gap
Galantas Gold Corporation said the Government had granted it a visa licence to recruit eligible overseas mine workers for its Cavanacaw gold mine in Omagh, Northern Ireland. LABOUR MARKET The Canadian company added it had faced a tight labour market for experienced underground miners, and had focused on hiring and training local trainee miners. Galantas […]