Power Metal Resources plc’s investee has identified a significant multi-line electro-magnetic (EM) anomaly at the nickel-copper Pickle Lake project in the Schreiber-Hemlo belt, Ontario, Canada. JOINT VENTURE The project, formerly known as Pezim II, is a joint venture (JV) between First Class Metals Ltd and Palladium One. In September 2021, Power Metal sold its Schreiber-Hemlo […]
Tag: metals and minerals
Altus intersects high grades at Diba gold project
Altus Strategies plc said it had intersected high grades from diamond drilling at the company’s 100% owned Diba gold project in western Mali. INTERSECTIONS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. Intersections (down-the-hole and not true widths) include: 21.9 g/t Au over 10.2m from 28m (including 72.2 g/t […]
Power Metal raises £10,500 through warrant exercise
Power Metal Resources plc raised £10,500 after receiving a notice to exercise warrants over 1,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Cononish production steady as planning begins for 2022
Scotgold Resources Ltd said it had maintained the rate of gold production at the Cononish gold-silver mine in Tyndrum, Scotland. OPERATIONS The company has also completed the first ball mill reline and started preparing plans for 2022 PRODUCTION “Around 64 tonnes of concentrate were produced during October,” said the company in a statement. “The concentrate […]
Altus starts 35,000m drill programme at Tabakorole
Altus Strategies plc has started a combined 35,000m reverse circulation (RC), air core (AC), and auger drilling programme at the Tabakorole gold project in southern Mali. MINERAL RESOURCE The company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the joint venture project with exploration funded by Marvel Gold Ltd. A […]
Power Metal exercises option to acquire Pilot
Power Metal Resources plc has acquired the Pilot Mountain tungsten-copper-silver-zinc project in Nevada, United States. GOLDEN METAL The company’s subsidiary Golden Metal Resources Ltd signed the option at the end of August, adding the acquisition to its other projects of Garfield and Stonewall and the right to earn 100% of Golconda Summit. The deal sees Power […]