Red Rock Resources plc has applied for five gold exploration permits through wholly owned subsidiary LacGold Resources SARLU in Côte d’Ivoire, West Africa. LICENCES The licences cover a total area of 1,907.07km2 with each application located on a known regional shear zones where gold mines are operating. Red Rock said that all the applications have […]
Tag: gold
Anglesey raises £768,000 via discounted placing
Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
Alba defines near-term development targets at Clogau
Alba Mineral Resources plc said it had identified two clear opportunities for near-term development at the Clogau-St David’s gold mine in North Wales. TARGETS Following 12 months’ drilling, the targets have been defined both along strike and down dip of areas of known historic gold production. The first is the Llechfraith payshoot (LLP), below the […]
Altus starts 11,300m drill campaign at Diba gold project, Mali
Altus Strategies plc has begun a 11,300m to expand the mineral resource estimate (MRE) at its 100% owned Diba gold project in western Mali. TESTS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. The drill campaign comprises 10,000m reverse circulation (RC) and 1,300m diamond drilling (DD) and follows the […]
Oriole identifies multiple gold targets in eastern CLP
Oriole Resources plc has identified multiple gold targets in its three of the easternmost licences in its 90% owned Central Licence Package (CLP) in Cameroon. RESULTS The district-scale CLP comprises eight contiguous licences covering 3,592 km2 prospective for orogenic-style gold mineralisation. During Q2 2020, the company began a mapping and stream sediment sampling programme which gave initial […]
Altus notes more than 1 million gold oz at Tabakorole
Altus Strategies plc announced an updated JORC compliant mineral resource estimate (MRE) of more than a million gold ounces at the Tabakorole in southern Mali. RESOURCE ESTIMATE The company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project with exploration funded by Marvel Gold Ltd (51%). The MRE shows […]