Red Rock Resources plc has recorded four important anomalous areas in the Masurura area at the Eastern licence as the company prioritises drill targets for its 100% owned Mikei gold project (MGP) in Kenya. SURVEYS The MGP comprises two prospecting licences, PL/2018/0202 and PL/2018/0203 covering 245 km2,over the Migori greenstone belt. The company first collected […]
Tag: gold
Caerus intersects significant gold-copper mineralisation at Pano Lefkara
Caerus Mineral Resources plc said that due diligence scout drilling had intersected significant gold oxide and copper-gold sulphide mineralisation at shallow depth on the Pano Lefkara licence in Cyprus. DRILL READY Drilling aims to confirm the results derived from historic exploration and ahead of starting a more detailed programme of work. Caerus has defined for […]
Arkle reports ‘spectacular’ gold intersection at Mine River
Arkle Resources plc announced it had intersected exceptionally high grade gold and extended the drilling programme at the Mine River project in Wicklow / Wexford, Ireland. HOLE 7 The results are from the company’s sixth and seventh drill holes of its diamond drilling programme. Hole 7 is an easterly step out from the visible gold […]
Cora Gold signs new $25m term sheet for Sanankoro
Cora Gold Ltd has signed a new US$25 million mandate and term sheet with investment firm, Lionhead Capital Advisors Proprietary Ltd, to develop the Sanankoro gold project in southern Mali. MINE ECONOMICS The agreement is conditional on, among other matters, the completion of a definitive feasibility study before the end of June 2022. The term […]
Galantas Gold director James Golla retires
Galantas Gold Corporation announced that James I Golla has resigned from the board of directors, effective immediately. He had been as a director of the company since June 2001. “My resignation is a result of my decision to retire and does not take away my enthusiasm for the Omagh project, which I believe will become […]
Power Metal confirms further bullseye Cu-Au anomaly at Paterson
Power Metal Resources plc announced it had identified a bullseye magnetic anomaly on its conditional copper-gold acquisition projects in the Paterson Region of Western Australia. LICENCES The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include the Wallal, Braeside West and the Ripon Hills projects. In April 2021 Power Metal […]