Condor Gold plc has completed an 8,004m infill drilling programme on the high-grade La Mestiza open pit mineral resource at La India gold project in Nicaragua. MINERAL RESOURCE The programme tightened drill spacing to 25m along strike and 50m down-dip in the zones with the potential to support open pit mine development. Drilling is expected […]
Tag: metals and minerals
Power Metal welcomes co-funding for Wallal
Power Metal Resources plc said its conditional acquisition company had received government co-funding for up to A$165,000 (£86,000) for the Wallal gold-copper project in the Paterson region of Western Australia. CONFIDENCE The project is wholly owned by First Development Resources Pty Ltd (FDR Australia) which Power Metal is working to acquire. The licences, covering in total 572km2, include E45/5816 […]
Cora Gold final drill shows 3.4km ore body at Sanankoro
Cora Gold Ltd said that the final set of drill results from its largest ever 40,000m+ drill campaign showed continuous 3.4km long ore body in the Selin deposit at the Sanankoro gold project in southern Mali. RESULTS Intercepts from the results include: 18m @ 2.32 g/t Au from 86m in hole SC1051 18m @ 2.29 g/t […]
Altus receives first royalty payment from Caserones copper mine
Altus Strategies plc announced it had received its first quarterly royalty payment of US$1.34 million ($943,322 after tax), from its 0.418% net smelter return royalty (NSR) interest on the Caserones copper mine in Chile. GROWTH TRAJECTORY The Caserones mine is a large open-pit deposit within 17,000 hectares approximately 4,300m above sea level in Tierra Amarilla, […]
Power Metal completes Schreiber-Hemlo assets sale to FCM
Power Metal Resources plc has completed the sale to First Class Metals Ltd (FCM) of its 100% owned Schreiber-Hemlo interests in Ontario, Canada. WORKING CAPITAL Power Metal chief executive Paul Johnson said that the transaction was the first completed corporate disposal/spin-out for the company which would hold a significant interest in FCM. “Our corporate disposal/spin-out developments […]
Condor expects La India FS in early 2022
Condor Gold plc said that progress had been made on studies in support of a feasibility study (FS) expected during Q1 2022 for its La India gold project in Nicaragua. ADDITIONAL DRILLING The FS is for La India open pit and associated mine site infrastructure. Condor added that a review of the initial round of […]