Ormonde Mining plc director Keith O’Donnell has resigned with immediate effect for personal and business reasons. Mr O’Donnell became a member of the company’s restructured board in November 2021. “Keith has over the past four years made a significant contribution to the business, including towards the development of our investment portfolio,” said chairman Brian Timmons. “He […]
Tag: Golden Rose – Newfoundland
Ormonde investee to increase Staghorn footprint
Ormonde Mining plc’s investee looks to increase its footprint and has also completed 1,988 metres’ diamond drilling at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. FOLLOW-UP TRU Precious Metals Corp exercised its initial option to acquire a 51% interest in the Staghorn property which represents around 11% of the overall project. […]
Drilling begins on ‘quality’ targets at Golden Rose
Ormonde Mining plc’s investee has started a 1,800-metre drilling campaign to test for the first time a “pipeline of quality exploration targets” at the Golden Rose copper-gold project in Newfoundland. REVIEW The company owns 36.3% of project owner TRU Precious Metals Corp while Eldorado Gold Corporation holds an option over Golden Rose. TRU’s programme is […]
Ormonde notes drill contract for Golden Rose
Ormonde Mining plc’s investee has awarded the drill contract to MCL Drilling for a 1,800m drill at the Golden Rose copper-gold project in Central Newfoundland Gold Belt in Canada. STAGHORN Licence holder and operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, plans to test for the first time a pipeline of exploration targets. […]
Ormonde-TRU positive on Golden Rose assays
Ormonde Mining plc’s investee has returned positive assays from exploration at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. MODEL The company highlighted “significant” copper values from the Jacob’s and King George prospects, of up to 3.7% copper. Owner-operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, also recorded anomalous values […]
Ormonde welcomes Golden Rose earn-in
Ormonde Mining plc investee has signed a definitive agreement with a third company to join the Golden Rose copper-gold project in Newfoundland, Canada. ACCELERATE TRU Precious Metals Corp. granted Eldorado Gold Corp an exclusive option to earn an 80% ownership interest in the joint venture. Under the terms Eldorado’s expenditure will total $7 million with […]