Chesterfield Resources plc said it had confirmed a high priority drill target from the discovery of a large new anomaly at its copper-gold-zinc-silver project in western Cyprus. The target, which the miner has named Olive, is a buried anomaly similar to the nearby historic Limni mine, which is recorded to have yielded 90,000 tons of […]
Tag: metals and minerals
Red Rock-Power Metal awarded more licences
Red Rock Australasia Pty Ltd has been granted two further gold exploration licences near the historic mining centre of Ballarat in the Victoria gold fields of Australia. OLD MINES The joint venture comprises Red Rock Resources plc holding a 50.1% interest and Power Metal Resources with 49.9%. Power Metal chief executive Paul Johnson and chairman […]
Power Metal secures 50.8% in NiS-PGMs Molopo project
Power Metal Resources plc announced it had completed the earn-in to a 40% direct interest in the nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. The miner’s agreement with Kalahari Key Mineral Exploration Pty Ltd began in 2019 based on Power Metals expending US$500,000 on exploration, notably drilling of […]
Red Rock raises £7,352 via warrant exercise
Red Rock Resources plc has received £7,352.94 following notices to exercise warrants over 980,392 new ordinary shares of 0.01 pence each in the company. The warrant shares are being issued pursuant to the exercise of 980,392 warrants into shares at an exercise price of 0.75 pence per share.
Galantas finds higher gold grade feed at Kearney vein
Galantas Gold Corporation announced a feed of higher gold grade from the Kearney vein than existing feed at Cavanacaw mine in Omagh, County Tyrone. INCREASE The Canadian miner added it continued to work with third parties to finance an expansion of the mine. The grade of the limited feed produced from underground, based on concentrate […]
Oriole confirms visible gold at Lawa prospects
Oriole Resources plc announced that visible free gold mineralisation had been identified in multiple holes at its 51%-owned Bibemi gold project in Cameroon. The miner’s current diamond drill programme for 3,080 metres in 28 holes is testing the depth extension of surface gold mineralisation identified at four key prospects: Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East. […]