Oriole Resources plc said that recent results from a completed soil sampling programme showed continuity of a gold system at its 90% owned Bibemi project in Cameroon. PROGRAMME Soil sampling was completed for 1,455 samples over the southern half of Bibemi, extending and infilling historical regional sampling grids. Results have returned up to 271 ppb […]
Tag: gold
Red Rock encouraged by Mikei drill results
Red Rock Resources plc said it was extremely encouraged with initial results from its exploration drill programme in the mid-KKM prospect at the Mikei gold project, Kenya. PROGRAMME In its 2021 Phase 1 reverse circulation drilling, the company completed 20 drill holes for 2,093 metres. Today’s results are from nine holes and comprise the first […]
Red Rock acquires gold projects in Burkina Faso
Red Rock Resources plc has acquired two prospective exploration projects covering 348 km2 in the prolific Boromo and Banfora Greenstone Belts, southwest Burkina Faso. BILBALE AND BOULON The company said that Bilbale (183.62 km²) and Boulon (164.28 km²) had artisanal activity which showed evidence of the presence of high grade gold. The assets are held by […]
Conroy signs JV with Demir for Irish gold licences
Conroy Gold and Natural Resources plc has signed a joint venture (JV) agreement with Turkish miner Demir Export for the licences along the 65km gold trend in the Longford-Down Massif, Ireland. RESOLUTION The move follows a resolution on the agreement passed by Conroy shareholders at an extraordinary meeting held on 22 December 2021. The JV […]
Scotgold to extend Cononish mine life and aim for mid-tier status
Scotgold Resources Ltd recorded an increase in pre-tax losses but aims to develop Cononish mine into an 18-year operation and build a mid-tier mining company in Scotland. FINANCES In its results for the year ended 30 June 2021, the Australian-owned company recorded pre-tax losses of $4,980,942 (June 2020: $2,504,134) with revenue of £299,807. COMPELLING ECONOMICS […]
Altus acquires gold royalties from Newcrest
Altus Strategies plc has completed the first close of a gold royalty portfolio of interests in Australia and Africa. STRATEGIC JOINT VENTURE The package comprises up to 24 royalties and royalty interests from Newcrest Mining Ltd and certain of its group companies. The acquisition is through a strategic joint venture between Altus and specialist mining […]