Altona Rare Earths plc has appointed Luis Veloso as project manager for the Monte Muambe project in Mozambique. Mr Veloso, aged 38, is a qualified exploration geologist and environmental technician, and a board member of the Mozambican Geology and Mine Association. He has worked in Mozambique for the past 12 years, including spending 18 months […]
Tag: metals and minerals
Condor starter pits are ‘shovel ready’ at La India
Condor Gold plc said that the starter pits were “shovel ready” following final assay results for the 3,370m drill programme at La India, Nicaragua. ECONOMICS Operations have also discovered an “additional vein in the footwall.” The two starter pits are planned to exploit two high grade segments of the La India open pit to 35m […]
Oriole reports further ‘excellent’ results at Faré
Oriole Resources plc said it had received further excellent drill results from the Faré prospect in its Senala joint venture (JV) project, Senegal. RESULTS The news follows results earlier this week of up to 70m grading 1.46 g/t gold and 10m grading 1.69 g/t Au, respectively, at Faré and Madina Bafé. PHASE 1 Today’s published partial results are […]
Cora posts high-grade gold intercepts at Sanankoro
Cora Gold Ltd has reported multiple high-grade gold intercepts at Sanankoro gold project in southern Mali. RESULTS Cora said that results from the programme had been consistently extremely encouraging, with good widths and high-grade results in generally shallow oxide ore. A total of 328 holes have been drilled totalling over 36,648m from start of the […]
Power Metal raises £300,000 via insider warrant exercises
Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]
Altus to acquire landmark NSR interest in Caserones
Altus Strategies plc has entered into an agreement to acquire 0.418% net smelter return royalty (NSR) interest for US$34.1 million on the producing Caserones copper mine in the Atacama region of northern Chile. DEAL The company has also entered into a $29m loan facility agreement to part finance the acquisition. Altus said it expected the […]