Altus Strategies plc said it had intersected a significant gold zone from reverse circulation (RC) drilling at the Lakanfla Central prospect on the Lakanfla licence, western Mali. LAKANFLA Lakanfla is 5km east of the company’s Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit. The Diba & Lakanfla project (100%) covers […]
Tag: gold
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]
Oriole progresses exploration at Wapouzé
Oriole Resources plc said it continued exploration ahead of identifying drill targets at its 90%-owned Wapouzé gold project in Cameroon. PROGRAMME RESULTS During Q4 2021, the company completed a soil sampling programme over the southwest extent of the Wapouzé licence. Oriole also completed five trenches for 2,524m over previously-identified soil anomalies at the Bataol Zone […]
Oriole drilling delivers bonanza gold grades at Bibemi
Oriole Resources plc announced bonanza gold grades from the completed Phase III diamond drilling programme at its 90%-owned Bibemi gold project in Cameroon. RESULTS The programme focused on infill and extensional drilling for 1,385.4m in nine holes at the Bakassi Zone 1 prospect which is one of four at the project. The company said that results […]
Chesterfield to drill further at Westland trend
Chesterfield Resources plc said it had started planning additional drilling on the Westline gold system and further exploration on the Limni South gold oxide project in Cyprus. CAMPAIGN The company’s field geologists are also planning a methodical mapping and sampling campaign. This will test the prospectivity of “several promising licence blocks” on the company’s 95km2 holding.
Hummingbird JV nears completion of Dugbe FS
Hummingbird Resources plc said that Pasofino Gold Ltd expects to complete the feasibility study (FS) in April 2022 for the Dugbe joint venture (JV) gold project in Liberia. GOLD RECOVERIES The FS confirms gold recoveries of between 85% and 91%, depending on whether carbon-in-leach (CIL) or CIL with flotation circuit is selected. Hummingbird added that […]