Oriole Resources plc said it had conditionally raised £1.77 million before expenses, comprising £1.75m in an oversubscribed placing and £20,000 as director subscriptions. The fundraise was through issuing a total of 416,470,880 new ordinary shares, of which 4,705,881 was for the directors, at a price of 0.425 pence per share. The proceeds from the placing […]
Tag: metals and minerals
Caerus notes significant gold-copper at Kalavasos dump
Caerus Mineral Resources plc said it had identified significant copper and gold mineralisation in the dump evaluation programme and general exploration of the Kalavasos project in Cyprus. EVALUATION Gold grades in particular were in 85% of all samples collected and returned anomalous grades. The company added that subject to metallurgical test work, the grades were […]
Kavango renews LVR prospecting licences in KCB
Kavango Resources plc said it had renewed its prospecting licences PL082/2018 and PL083/2018, known as the LVR project, in the Kalahari Copper Belt (KCB), Botswana. ANALYSIS The joint venture between the company and local company LVR GeoExplorers (Pty) Ltd (LVR) has to date seen Kavango complete stage 1 of an earn-in to acquire 25% of […]
Condor identifies ‘highly significant’ Cacao vein system
Condor Gold plc has identified a “highly significant” fully preserved epithermal vein system over a 1,000m strike length with a 10m true width, at the Cacao prospect at La India project in Nicaragua. DRILL OBJECTIVES A total of 15 drill holes for 3,500m were completed to test whether the near surface gold mineralisation at Cacao […]
RRAL discovers historic mine workings in Victoria
Red Rock Resources Australasia Pty Ltd (RRAL) announced it had discovered 150-year-old workings and well-developed adits at its gold exploration licences in the Victoria gold fields in Australia. JOINT VENTURE The joint venture company, between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%) said it had started a re-entry programme at the […]
Power Metal starts lithium exploration at Authier North
Power Metal Resources plc has started initial exploration, through its subsidiary Power Canada, on the Authier North lithium property in Quebec, Canada. PHASE I The 2021 Phase I programme will include prospecting and mapping completed by a senior geologist with extensive Quebec lithium-pegmatite exploration experience. As part of the programme, at least 180 soil samples will be […]