Metals & Minerals News

Hummingbird looks to improve on Q1 operations

Hummingbird Resources plc said it expected operations to improve following first quarter results from its gold expoloration and mining portfolio in West Africa. PRODUCTION The company previously forecast lower Q1 2022 production which was recorded at 15,548 oz gold (Q4 2021: 18,181oz). This was due mainly to the planned essential maintenance work on the processing […]

Metals & Minerals News

Power Metal granted Cherished Hope licence

Power Metal Resources plc has been granted a third prospecting licence, containing the historical Cherished Hope mine, in the Tati Greenstone Belt near Francistown, Botswana. ANOMALIES The company’s subsidiary, Tati Greenstone Resources Pty Ltd, holds the 16.14 km2 licence, which also holds a large gold-in-soil anomaly. Prospecting licence 049/2022 adds to the company’s existing PL126/2019 and PL127/2019. […]

Metals & Minerals News

Scotgold misses Q1 production guidance at Cononish

Scotgold Resources Ltd recorded Q1 production lower than guidance at the company’s gold and silver Cononish mine, near Tyndrum in Scotland. PRODUCTION Gold production totalled 1,257 gold ounces (guidance of 1,400 – 2,200 oz) and process plant feed throughput was some 3,000 tonnes. Circa 8,600 tonnes of ore was mined and transferred to run of mine […]

Metals & Minerals News

Tertiary fails to find significant results at North Ruth

Tertiary Minerals plc said that drill results had to date failed to show significant mineralisation at depth at the North Ruth target in the Pyramid silver-gold project in Nevada, USA. PROGRAMME The company conducted soil and rock chip sampling and trenching throughout 2021 which established “wide intervals of significant silver and associated gold mineralisation” at […]

Metals & Minerals News

Power Metal subsidiary develops Australia targets

Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]