Condor Gold plc has outlined two mining scenarios following SRK Consulting’s preliminary economic assessment (PEA) on its 100% owned La India gold project in Nicaragua. SCENARIOS Scenario A involves mining from four open pits, termed La India, America, Mestiza and Central Breccia Zone (CBZ), which targets a plant feed rate of 1.225 million tonnes per […]
Tag: metals and minerals
WGE intersects gold-silver at Stronchullin
Western Gold Exploration Ltd (WGE) intersected gold and silver at its Stronchullin prospect within the 3,253‐hectare property in Knapdale, Argyll. POTENTIAL The 2021 drilling programme is a follow-up to scout drilling completed in 2017‐2018 and deep overburden geochemical surveys undertaken in 2020. WGE reported an intersection in hole SD20‐13 of 19.20 g/t gold and 1.19 […]
Ascent targets H2 for first agreement on ESG mining
Ascent Resources plc said it was making progress on multiple fronts following last year’s restructuring of its board, strategy and portfolio of interests in Cuba and Slovenia. FINANCES In its interim results for the six months ended 30 June 2021, the company reported revenue of £nil with closing cash at £766,000 (H1 2020: £304,000). Losses for the period were […]
Altona to drill at Monte Muambe
Altona Rare Earths said it expected to start during September at its Monte Muambe project in northwest Mozambique. LISTING The company added that groundwork operations had started ahead of schedule and on 31 August the project manager and his team were in situ. Exploration drilling is expected to begin before the end of September, in […]
Altona raises £1.25m from placing
Altona Rare Earths plc has raised £1.25 million before expenses from a “significantly over subscribed” placing. Funds raised will be used for evaluating and developing projects in Africa.
Tungsten West appoints three new directors
Tungsten West Ltd has appointed three new directors and announced the ending of fourth directorship. Companies House recorded that Grace Elanor Stevens, David Connal Cather and Australian consultant Robert Norman Ashley have been named as directors. Stephen Leslie Fabian’s role as a director at Tungsten West has ended.