Caerus Mineral Resources plc said it ha signed an extension to the option agreement with Jubilee Metals Group plc for the waste-to-revenue Troulli – Kokkinapetra copper-gold project in Cyprus. JOINT VENTURE Caerus said that the extension was for a further 18 months during which it expected to decide on a joint venture (JV) with Jubilee […]
Tag: gold
Caerus signs JV for copper-gold licences in Cyprus
Caerus Mineral Resources plc has signed a joint venture agreement with Bezant Resources plc covering the Troulli, Kokkinapetra and Anglisides copper-gold licences in Cyprus. TERMS The JV began with immediate effect with Bezant’s financial contribution backdated from the start of diamond drilling at Troulli on 16 September 2021. The companies had committed an initial sum of […]
Oriole notes start of drilling on Hodine gold licence
Oriole Resources plc said drilling had started at its gold project interest in the Hodine exploration licence, Egypt. BUSINESS STRUCTURE The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai Mining, holds a 93% interest in the licence. Hodine is held by Red Sea Resources Ltd […]
Hummingbird on course to meet RGMPs
Hummingbird Resources plc said it was on course to conform fully to the World Gold Council’s responsible mining standards by 2022. PRINCIPLES The African-focused gold miner added it had received an external audited assurance report that it was adhering to the council’s Responsible Gold Mining Principles (RGMPs) A report from RSM Risk Assurance Services LLP […]
Altus finds further hard rock gold workings in Eastern Desert
Altus Strategies plc has discovered further hard rock artisanal gold workings from field reconnaissance at its 100% owned Gabal Al-Shalul and Wadi Jundi projects in the Eastern Desert of Egypt. CONFIRMATION The two projects comprise 1,044 km2 of Altus’ total landholding of 1,565 km2 in the Eastern Desert. The 14 hard rock artisanal gold workings […]
Altus intersects high grades at Diba gold project
Altus Strategies plc said it had intersected high grades from diamond drilling at the company’s 100% owned Diba gold project in western Mali. INTERSECTIONS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. Intersections (down-the-hole and not true widths) include: 21.9 g/t Au over 10.2m from 28m (including 72.2 g/t […]