Chesterfield Resources plc has applied for new licences while recent diamond drill holes intersected further mineralisation at the company’s copper project in Cyprus. LICENCES The four additional mineral exploration licences, targeting copper and gold, total a further 9.29 km² containing known mineralisation. The areas include “significant historic exploration, together with under-explored target areas” said the company. […]
Tag: metals and minerals
Kavango raises £38,977 via warrant exercise
Kavango Resources plc has raised £38,977.27 following notices to exercise warrants over 1,431,818 new ordinary shares of £0.001 each in the company. The warrant shares are being issued pursuant to the exercise of 1,250,000 warrants granted and announced on 15 April 2020 and 181,818 warrants granted and announced on 1 December 2020.
Power Metal stakes additional claims at Garfield
Power Metal Resources plc has staked eight further claims after identifying new copper anomalies at the Garfield copper-gold property in the Walker Lane mineral belt in Nevada, USA. ANOMALIES The findings are from analysis of recent satellite imagery of Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) and European Space Agency Sentinel-2 datasets. The two “strong” […]
Red Rock applies for gold exploration licences in Côte d’Ivoire
Red Rock Resources plc has applied for five gold exploration permits through wholly owned subsidiary LacGold Resources SARLU in Côte d’Ivoire, West Africa. LICENCES The licences cover a total area of 1,907.07km2 with each application located on a known regional shear zones where gold mines are operating. Red Rock said that all the applications have […]
Anglesey raises £768,000 via discounted placing
Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
Kavango renews five prospecting licences in KSZ
Kavango Resources plc said it had renewed five prospecting licences (PLs) in the company’s Kalahari Suture Zone (KSZ) project in Botswana. LICENCES The renewed licences are: – PL363/2018 – PL364/2018 – PL365/2018 – PL163/2012 – PL164/2012 Each licence runs for an additional two years and is due to expire on 30 September 2023. DRILLING Kavango added it had also recently […]