Chesterfield Resources plc said that assay returns from recent diamond drilling revealed a significant gold-mineralised system in the Westline target at its Troodos West project in Cyprus. INTERSECTIONS The company added that thick and locally high-grade gold intersections were evidence of a significant gold-enriched mineralised system which so far covered some 220m by 300m and […]
Tag: gold
Conroy agrees main terms with Demir for Clontibret
Conroy Gold and Natural Resources plc said it had agreed the main terms of the proposed joint venture (JV) with Turkish miner Demir Export on the Clontibret licence in Ireland. AGREEMENT The JV called Project Inis will involve Demir developing the gold deposit to construction ready status and bringing it into operation as a gold […]
Hummingbird resumes operations at Yanfolila
Hummingbird Resources plc announced that, following recent unrest, it had restarted its Yanfolila gold mine in Mali. PRODUCTION On 29 November, the company paused operations due to public disorder and illegal roadblocks. Hummingbird today said that the Mali government had intervened and restored order in the region. “All employees and contractors have been safely accounted […]
Galantas encouraged by new Cavanacaw surveys
Galantas Gold Corporation said that new geophysical surveys indicated the potential presence of gold-bearing structures near the Cavanacaw gold mine in Omagh, Northern Ireland. TEST GRIDS The company recently conducted induced polarisation (IP) gradient array surveys close to the mine to determine the value of the gradient array method not previously tried in the area. […]
Galantas narrows quarterly losses at Cavanacaw gold mine
Galantas Gold Corporation reported a net loss of US$1,173,276 for the third quarter of 2021, lower than Q2, for its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES In its unaudited third quarter results ended 30 September 2021, the Canadian company said that the loss, compared with Q3 2020: $776,956, was mainly due to […]
Condor completes La India geotechnical drilling
Condor Gold plc has completed 21 geotechnical drill holes for 2,551.50m for the feasibility study (FS) at its 100% owned La India gold project in Nicaragua. INFORMATION The company said that the programme needed a total of 2,551.50m of oriented core drilling supported by optical and acoustic televiewer scanning, as well as geotechnical lab testing […]