European Green Transition plc said it had defined a new large zone and several drill targets at the Djupedal prospect, 2.5km northwest of the Olserum rare earth elements project in south Sweden. EXPANSION Channel samples over a 100m zone showed REE mineralisation, including three metres grading 1.58% total rare earth oxide and one metre grading […]
Tag: exploration & mining
Alba produces high-grade gold from Clogau tip
Alba Mineral Resources plc said it had produced high-grade gold of up to 17.22g/t from fines taken from the historic waste tip at its Clogau-St David’s gold mine in North Wales. REFINERY The trenching programme has to date seen nearly 33 tonnes of <20mm material excavated from the tip. Alba produced four concentrates from composite samples […]
Anglesey targets increased indicated resource
Anglesey Mining plc expects results from its three now completed infill drill holes to increase the indicated resource category at its 100% owned Parys Mountain polymetallic project. CONTINUITY The programme targeted the Northern Copper zone (NCZ) and Garth Daniel zone, where holes NCZ001 and NCZ002 were previously drilled. The final hole NCZ003 has intersected a […]
Golden Metal receives £186,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 1,727,630 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share, for £185,720.22. Following admission, the company’s issued share capital will comprise 106,777,165 ordinary shares of 1p each with voting rights. The exercise was prior to the end of […]
Corcel receives £400,000 of fundraise
Corcel plc has to date received £399,750 cash of April’s £1.3m fundraise. The company will issue 79,950,000 of tranche I shares, including 39,975,000 shares to director Geraldine Geraldo. The company will also issue 79,950,000 warrants. Corcel expects the balance of the tranche I funds of £400,000 and the tranche II funds of £500,000 in due course. […]
Golden Metal begins 2,000m drilling on Pilot
Golden Metal Resources plc has begun 2,000m diamond drilling on its 100% owned flagship Pilot Mountain tungsten project in Nevada, USA. HIGH IMPACT The phase I campaign focuses on strategic resource expansion at the main Desert Scheelite zone, which hosts the “largest known tungsten resource on American soil”. Drilling will also explore brownfield targets by searching known or […]