First Class Metals plc has made the final cash payment to secure 100% of the Kerrs gold property option in Timmins mining camp, northeastern Ontario. CLN The company completed the acquisition ahead of the three-year target, as stated in April 2024. The project comprises 36 units covering some 665 hectares, and has a historic NI […]
Tag: inferred resource
Oriole increases inferred MRE at Mbe
Oriole Resources plc reported an increased inaugural JORC inferred mineral resource estimate to 1.23 million oz contained gold for the Mbe orogenic gold project in Cameroon. STATUS The figure, from independent consultants Forge International Ltd, is for the MB01-N and MB01-S deposits combined. The pit constrained inferred MRE for MB01-N is of 10.5 million tonnes […]
Cornwall Resources starts Redmoor infill drilling
Cornwall Resources Ltd has started resource infill drilling as part of the prefeasibilty study for its Redmoor tungsten-tin.copper project in the southeast of the county. MRE The company began on 28 March to drill hole CRD042, which is the first of eight planned holes from pad four, for a total 3,850 metres over six months. […]
Redmoor inferred MRE increases by 49%
Cornwall Resources Ltd recorded a 49% increase in the JORC inferred mineral resource estimate, from 2019, for its Redmoor tungsten-tin-copper-silver project in the southeast of the county. ROBUST The results include 0.49% tungsten trioxide as “Europe’s highest-grade, undeveloped, tungsten project compared to other CRIRSCO*-compliant projects” and “amongst the highest grade globally”. Parent company Strategic Minerals plc reported […]
Galantas surface drilling targets inferred resource
Galantas Gold Corporation will begin new surface drilling to target inferred resource and potentially increase ounces at Cavanacaw mine in Omagh, Northern Ireland. MINE PLAN The Canadian company yesterday received permission from Fermanagh and Omagh District Council’s planning committee to drill eight exploration holes in early July. These will target gaps and areas of the […]
Oriole’s orogenic gold MRE is ‘first’ for Cameroon
Oriole Resources plc reported an inaugural inferred JORC mineral resource estimate (MRE) of 305,000 Troy ounces grading 2.19 g/t gold for Bakassi Zone 1 at Bibemi in Cameroon. EXPLORATION Forge International Ltd compiled the revised resource and exploration target at Bakassi Zone 1, one of four prospects at Oriole’s 90%-owned project. Oriole said that the […]