Oriole Resources plc’s joint venture partner has restarted drilling at the Senala gold project in Senegal. PROGRAMME As part of its Year 4 earn-in, IAMGOLD Corporation has completed four holes for 401m at the Madina Bafé prospect to test the main northeast trending corridor. The Canadian company has refocused the remainder of its Year 4 budget towards […]
Tag: metals and minerals
Investor nominee Simon Gardner-Bond joins Cornish Lithium board
Cornish Lithium announced that Simon Gardner-Bond will join the board as nominee of South African investment company TechMet. Mr Gardner-Bond is TechMet’s chief technical officer and has a 20-year career as a geologist and mining analyst. He was senior metals and mining analyst at Investec Asset Management, helping to manage multi-billion dollar funds focused on […]
Horizonte raises £147.4m via placing
Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
Galantas drills parallel intercept at Cavanacaw
Galantas Gold Corporation reported a parallel high grade intercept from the second underground hole in its 4,000m drilling programme at Cavanacaw mine in Omagh, Northern Ireland. KEARNEY VEIN The second hole was drilled from the lowest level in the underground development at the Kearney vein. Two two intersections returned 26.7 g/t gold, 88.2 g/t silver […]
Power Metal notes start of test pitting at Alamo gold project
Power Metal Resources plc announced the start of a test pitting programme targeting coarse gold mineralisation at the Alamo project in Arizona, USA. PROGRAMME The permitted programme allows for the excavation of up to six test pits (three at Breccia Hill and three at Big Boulder Wash), and five percussion drill holes. The company said that the geological […]
Kavango identifies high priority Ni-Cu-PGE target at KSZ
Kavango Resources plc said it had identified 30km strike length of distinct magnetic Proterozoic gabbro at the Kalahari Suture Zone (KSZ) project in Botswana. REVISED MODEL The company added that the 30km strike length was now a high priority exploration target for the detection of possible large-scale nickel-copper-platinum group element (Ni-Cu-PGE) mineralisation. Strategic partner Spectral […]