Altus Strategies plc announced an updated JORC compliant mineral resource estimate (MRE) of more than a million gold ounces at the Tabakorole in southern Mali. RESOURCE ESTIMATE The company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project with exploration funded by Marvel Gold Ltd (51%). The MRE shows […]
Tag: precious metals
Galantas Gold appoints Brendan Morris as a director
Galantas Gold Corporation has appointed Brendan Morris as a director of the company. Mr Morris was made chief operating officer in May this year.
First Class expands Hemlo North acreage
First Class Metals Ltd (FCM) has expanded its flagship Hemlo North gold-base metal project and begun a key technical study in the Hemlo – Harte region of Ontario, Canada. LISTING The company staked a further 15 new mining cell claims contiguous to the existing project, expanding the asset by 3.7% to 86.62km2. Other work at […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]
Arkle reports ‘spectacular’ gold intersection at Mine River
Arkle Resources plc announced it had intersected exceptionally high grade gold and extended the drilling programme at the Mine River project in Wicklow / Wexford, Ireland. HOLE 7 The results are from the company’s sixth and seventh drill holes of its diamond drilling programme. Hole 7 is an easterly step out from the visible gold […]
Cora Gold signs new $25m term sheet for Sanankoro
Cora Gold Ltd has signed a new US$25 million mandate and term sheet with investment firm, Lionhead Capital Advisors Proprietary Ltd, to develop the Sanankoro gold project in southern Mali. MINE ECONOMICS The agreement is conditional on, among other matters, the completion of a definitive feasibility study before the end of June 2022. The term […]