Power Metal Resources plc announced it had signed an earn-in agreement for a new gold property in the United States. The miner’s new wholly-owned subsidiary Golden Metal Resources Ltd signed an agreement to take out an option to acquire up to 100% of the Golconda Summit gold property in central Nevada, USA. Power Metal’s other […]
Tag: metals and minerals
WGE advances Stronchullin exploration drilling
Western Gold Exploration Ltd (WGE) said exploration continued to advance at the Stronchullin prospect in Knapdale, Argyllshire. CAMPAIGN The Canadian company’s campaign comprises eight diamond drill holes of 150 to 200 metres depth for a total 1,360m, to evaluate the quartz-gold-silver-base metal veins in the vicinity of the historic gold mine. Drilling began in early […]
Power Metal aims to become ‘stand-out performer’
Power Metal Resources plc has increased its assets, investments and working capital to grow its portfolio across Australia, Africa and North America. FINANCES In its unaudited interim results for the six months ended 31 March 2021, the junior miner recorded £2,692,474 raised through warrant exercises and held net assets of £4.6 million (30 September 2020: […]
Red Rock hopes high for Luanshimba drilling
Red Rock Resources plc said it had nearly completed preparations for a drill campaign at its 80%-owned copper and gold targets at the Luanshimba project in the Democratic Republic of Congo. The project, situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, is in a 420 hectare prospecting licence (PR13513) in the […]
Power Metal takes next step to Paterson acquisition
Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]
Cora Gold results shed light on Selin’s less known areas
Cora Gold Ltd said its third set of drill results showed strong findings in areas with little historic data at Selin prospect of the Sanankoro gold project, southern Mali. In March 2021, the junior miner began its largest drilling campaign to date of up to 35,000m, which it aims to complete by the end of […]