Power Metal Resources plc said it had staked an additional nine claim blocks at its Alamo gold project in Arizona, increasing the site by 23.5% to 946 acres. NUGGETS Power Metal said it decided to enlarge the project following a successful reconnaissance programme during August 2020. In January 2020, the metals and minerals exploration company […]
Tag: precious metals
Condor Gold closer to La India mine construction
Condor Gold said it has taken its wholly owned La India gold mine project in Nicaragua to the next stage by starting a ground investigation programme. The exploration company will conduct 20 geotechnical drill holes and 58 test pits on the tailings storage facility (TSF), water retention reservoir and processing plant site. The geotechnical drilling […]
Power Metal starts drilling at Molopo
Power Metal Resources plc has started drilling the first of four planned holes for nickel sulphide and platinum-group metal (PGM) mineralisation at Molopo Farms Complex (MFC), Botswana. The Phase 1 drilling programme is for an initial planned 2,505m across four diamond core drill holes. Planned target hole depths vary from 525m to 710m. Hole 1 […]
Galantas reviews licence options as it narrows losses
Galantas Gold Corporation said it was reviewing its licences and operations as the company released its half year results for Cavanacaw gold mine in Omagh, Northern Ireland. PROJECT OPTIONS In its report, the Canadian miner also said it was looking at options of a sale, joint venture or partnership or other options with third parties […]
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]
Power Metal targets major finds and financial independence
Power Metal Resources announced its future strategy was to make one or more major metal discoveries and work towards financial independence. ASSETS The company, which focuses on cobalt, copper, gold, lithium, nickel and PGMs, recently raised £1 million taking its total assets to £3.04 million. Power Metal is involved in five main projects and two […]