Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]
Tag: metals and minerals
Galantas Gold reports director dealings
Galantas Gold Corporation reported director dealings relating to its chief executive officer Mario Stifano. The company said that on 17 May 2022, Mr Stifano bought 20,000 common shares of nil par value each at C$0.49. On 16 May 2021, he bought 50,000 common shares at an average price C$0.49, representing a combined total of 0.08% of […]
Cora Gold positive on second Sanankoro drill results
Cora Gold Ltd said its second set of results showed from its 2022 drill programme showed shallow oxide mineralisation of good widths and grade at its project at Sanankoro in southern Mali. RESULTS The company’s reverse circulation (RC) drilling highlights from Zone B North include: 17m @ 2.85 g/t Au from 81m in hole SC0616 […]
Kavango-Power Metal intercept main target at Ditau
Kavango Resources plc said it had appeared to have intercepted the magnetic anomaly at the projected target depth at the rare earth element-base-precious metals project at Ditau Camp in Botswana. TARGET i10 The 50-50 joint venture, under the name of Kanye Resources plc, is between Kavango as the operator and Power Metal Resources plc. Kavango […]
Anglesey raises £864,416 via placing-subscription
Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
FCM expects drilling to start soon at Pickle Lake JV
First Class Metals Ltd (FCM) said that drilling was soon due to start at its precious metals Pickle Lake property in North Hemlo in Ontario, Canada. PICKLE LAKE Pickle Lake comprises 33 single cell mining claims for which FCM has now received an exploration permit, ahead of earn-in partner Palladium One beginning a drill programme. […]