Cora Gold Ltd is nearing a revised mineral resource estimate as it announced the eleventh set of drill results from its largest ever drilling campaign at its Sanankoro gold project in southern Mali. RESULTS The company is targeting resource growth as well as infill drilling to convert existing inferred resources to the indicated category. SELIN […]
Tag: metals and minerals
Power Metal confirms large gold-in-soil anomaly at Tati
Power Metal Resources plc confirmed a large scale gold-in-soil anomaly at the Tati project located in the Tati greenstone belt near Francistown, Botswana. RESULTS The gold anomaly at the Sikukwe Zone was confirmed following laboratory assay testing results of soil and rock samples collected during the company’s Phase I exploration programme. The second batch of samples, including […]
Altus expects $1m from Caserones copper mine
Altus Strategies plc said it expected to receive more than US$1 million for its first royalty income payment this month, from its 0.418% net smelter return royalty interest on the Caserones copper mine in Chile. PRICES The royalty, before tax, is for the quarter ending 30 June 2021. The company said that, due to strong […]
Kavango intersects potential mineralisation at Hukuntsi
Kavango Resources plc said it had intersected what appeared to be sulphide and chromite mineralisation in the northern Hukuntsi section in the Kalahari Suture Zone (KSZ), Botswana. DATA The company said that diamond drilling on hole TA2DD002 is designed to intersect the Proterozoic (Tshane Complex) mafic/ultramafic intrusion that lies beneath Karoo sediments intruded by gabbros. […]
Oriole to start 1,650m phase II drilling at Bibemi
Oriole Resources plc said its team was on site to start Phase 2 diamond drilling before the end of September at its 90%-owned Bibemi gold project in Cameroon. PROSPECTS The planned 1,650 metre programme will target a 1km strike length at the southern end of the Bakassi Zone 1 prospect. The company’s first drilling at the […]
Horizonte secures export credit agencies’ approval for Araguaia
Horizonte Minerals plc has received approval from two export credit agencies (ECAs) for US$146.2 million of the senior debt facility to help fund the construction and development of its ferronickel project in Araguaia, Brazil. TRANCHES The ECAs are EKF, Denmark’s Export Credit Agency and Finnvera plc, Finland’s Export Credit Agency. The senior debt facility comprises […]