Cora Gold Ltd today announced it would start its largest single drill campaign at its flagship Sanankoro gold project in the Yanfolila gold belt, southern Mali. The $3.7 million programme will be for an initial 22,000 metre reverse core, diamond drilling which has been awarded to Capital Drilling Mali SARL. Cora said it expected the drilling to reach […]
Tag: precious metals
GreenOre partner reaches second earn-in for Ayrshire
GreenOre Gold plc announced that its joint venture partner Koza Ltd has achieved the second earn-in on the Ayrshire gold prospect. JOINT VENTURE The Turkish company now holds an 80% interest in the project with GreenOre retaining 20%. All further spend will be conducted on a pro-rata basis. GreenOre said that the earn-in represented work […]
Power Metal losses narrow as global scope rises
Power Metal Resources plc reported it last year narrowed losses and increased its interests as it quickened the pace of its base and precious metals business. FINANCES In its audited results for the year to 30 September 2020, the company reported a loss of £1.4 million (2019: £1.6m). At the year end, Power Metal held […]
Red Rock new MRE shows higher gold grade at Mikei
Red Rock Resources plc announced a higher gold grade while ounces decreased in a new mineral resource estimate (MRE) at the Mikei gold project in Migori, Kenya. The company also now its first 14, mainly shallow, new drill hole locations which will be tested while it plans further programmes for infill and step-out drilling and […]
Power Metal raises £101,500 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £101,500 following notices to exercise warrants over 13,150,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 7,150,000 warrants at an exercise price of 1.0 pence per ordinary share of […]
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]