Cora Gold Ltd said it was making excellent progress with the definitive feasibility study (DFS) ahead of £25 million funding for the Sanankoro gold project in southern Mali. WORK PROGRAMME Cora added that hydrogeological and geotechnical drilling programmes, as well as geotechnical test pits, have begun on site which lies in the Yanfolila gold belt. […]
Tag: gold
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Alba identifies four geochemical groupings at Clogau
Alba Mineral Resources plc said that analysis of drill core and in-mine rock samples has provided proof of four geochemical groupings at Clogau-St David’s gold mine in Wales. AURIFEROUS VEIN The assay analysis was of 2021 Phase II underground and surface drill core, 2019 drill core and additional in-mine rock samples. A total of 23 […]
Red Rock progresses Kenya gold exploration
Red Rock Resources plc has progressed exploration drilling at its gold licence interests in southwest Kenya. WESTERN LICENCE The company holds a 75% direct interest in Mid Migori Mining Company Ltd which controls a 723 koz JORC gold resource within two exploration licences in the Migori greenstone belt. The asset comprises the Mikei resource with […]
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]
Tertiary notes further high grade Pyramid sample results
Tertiary Minerals plc announced that results from recent surface sampling and mapping continued to return high grades at its Pyramid silver-gold project in Nevada, USA. RESULTS The company collected most of the new samples over a wide area along the recently established zone of silver mineralisation at North Ruth which has a strike length of […]