Caerus Mineral Resources plc reported total hard rock resource estimate of 4.9 million tonnes at its joint venture copper-gold project with Bezant Resources plc in Troulli, Cyprus. DATA The input databases for the waste dumps and hard rock estimates included: – 72 diamond and open hole percussion drillholes, totalling 3,393.30 metres and 208 trench channels for 692.17m. […]
Tag: metals and minerals
Scotgold signs £3m loan with Fern Wealth
Scotgold Resources Ltd said it had entered into an agreement with Fern Wealth GmbH for up to £3 million to advance the Cononish gold-silver mine near Tyndrum in Scotland. FERN WEALTH The company added that the loan would be from a syndicate of high net worth investors. Fern Wealth is a wealth management company based […]
Hummingbird notes thicker mineralisation zones at Kouroussa
Hummingbird Resources plc said it had identified thicker mineralisation zones than originally believed as it reported further drill results at the Koekoe (KK) deposit at Kouroussa, Guinea. PROGRAMME The assay results are from a further 86 reverse circulation (RC) and 12 diamond drill holes which comprise 9,900m of a 24,000m infill 2021 drilling programme. The […]
Hummingbird on schedule for Kouroussa first gold pour
Hummingbird Resources plc said it had started civil works as remained on course to achieve first gold pour by the end of Q2 2023 at Kouroussa, Guinea. WORK PROGRAMME Chief executive Dan Betts added that the company would double its current production profile once the mine was in operation. Earthworks are nearly complete at the […]
Altus revenue reaches $1.7m from Newcrest royalties
Altus Strategies plc reported copper and gold royalty revenues of US$1.7 million (pre-tax) in the first quarter since acquiring the royalties portfolio from Newcrest Mining Ltd. INTERESTS The company currently owns 33 royalty interests including royalties on four producing mines of the Caserones copper mine in Chile, the South Kalgoorlie Operations (SKO) gold mine and […]
Cornish Tin raises £900,000
Cornish Tin Ltd said the entire allocation of shares for a fundraise had sold out after reaching £900,000 for its Great Wheal Vor project near Breage. Chief executive Sally Norcross-Webb added that the raise, opened at 10am today to those who had previously expressed interest, resulted in an oversubscription of more than 250%.