Ormonde Mining plc director Keith O’Donnell has resigned with immediate effect for personal and business reasons. Mr O’Donnell became a member of the company’s restructured board in November 2021. “Keith has over the past four years made a significant contribution to the business, including towards the development of our investment portfolio,” said chairman Brian Timmons. “He […]
Tag: Ormonde Mining plc
Ormonde uneasy on Portsoy option value
Ormonde Mining plc has given a mixed reaction to its 18.9% investee Peak Nickel Ltd’s option offer for Winshear Gold Corp to acquire the Portsoy licence in Aberdeenshire. CHALLENGING If exercised, the Canadian explorer would need to complete a £3 million drilling programme for 1,000m over five years, with a minimum annual spend of £300,000. […]
Ormonde investee to increase Staghorn footprint
Ormonde Mining plc’s investee looks to increase its footprint and has also completed 1,988 metres’ diamond drilling at the Golden Rose copper-gold project in the central Newfoundland gold belt, Canada. FOLLOW-UP TRU Precious Metals Corp exercised its initial option to acquire a 51% interest in the Staghorn property which represents around 11% of the overall project. […]
Drilling begins on ‘quality’ targets at Golden Rose
Ormonde Mining plc’s investee has started a 1,800-metre drilling campaign to test for the first time a “pipeline of quality exploration targets” at the Golden Rose copper-gold project in Newfoundland. REVIEW The company owns 36.3% of project owner TRU Precious Metals Corp while Eldorado Gold Corporation holds an option over Golden Rose. TRU’s programme is […]
Ormonde notes drill contract for Golden Rose
Ormonde Mining plc’s investee has awarded the drill contract to MCL Drilling for a 1,800m drill at the Golden Rose copper-gold project in Central Newfoundland Gold Belt in Canada. STAGHORN Licence holder and operator TRU Precious Metals Corp, in which Ormonde owns 36.3%, plans to test for the first time a pipeline of exploration targets. […]
Ormonde acquires 100% of Zamora gold licences
Ormonde Mining plc has secured a three-year renewal for and regained full ownership of its two gold exploration licences in the Zamora province, western Spain. INTERESTS The company’s local subsidiary previously held 48.7% of Antofagasta and Cueva Negra while Shearwater Group plc held 51.3%. Acquisition of its partner’s share for €50,000 will be paid with five […]