Condor Gold plc chairman Jim Mellon exercised warrants for £1 million to ensure the company has sufficient money during the sales process for La India open pit in Nicaragua. OFFERS The exercise over 6,666,667 new ordinary shares, each at an issue price of £0.15, was by Galloway Ltd, owned by Burnbrae Group Ltd which is, […]
Tag: precious metals
Ormonde encouraged by Golden Rose sampling results
Ormonde Mining plc reported “significant” gold-copper assay results from its investee’s prospecting and bedrock sampling in the Central Newfoundland gold belt. TIER-1 POTENTIAL TRU Precious Metals Corp used recent high resolution satellite and remote sensing data over the property to discover new gold and critical minerals targets at the Golden Rose project. Ormonde said that grab […]
Arkle to drill gold-bearing outcrop at Inishowen
Arkle Resources plc is this week due to start a four-hole drilling programme on the 46km2 gold licence in Inishowen, County Donegal. CONTINUITY The company will follow up work completed at the Meeneragh target and aim to test the main gold-bearing outcrop. Drilling, from two drill pads at -45 and -70 degrees, will focus on […]
Kavango to acquire 15% of gold explorer Pambili
Kavango Resources plc expects to acquire 15% of gold explorer Pambili Natural Resources Corporation by converting its $250,000 convertible loan and a $75,000 loan premium into shares. GOLDEN VALLEY In 2022 Pambili, previously solely focused on oil and gas, completed an earn-in investment of up to 75% of Golden Valley gold mine in Matabeleland, southern […]
Red Rock granted second gold licence in Côte d’Ivoire
Red Rock Resources plc has been granted a second gold licence, covering 380.94km2, in Côte d’Ivoire. INTEREST The initial four-year licence, awarded to the company’s subsidiary LacGold Resources SARLU, is in the departments of Yamoussoukro and others. Red Rock’s granted licences now total 725.44km2 with three more applications pending for licences in the north of […]
Scotgold appoints administrators in Australia
Scotgold Resources Ltd today appointed administrators to assume control of the company. SGZ Cononish Ltd, focused on the gold-silver project near Tyndrum, is expected to enter administration “in the coming days”. Scotgold said that the administrators would work with the board of directors during the administration period to “maximise the outcome for all stakeholders.” Daniel […]