Power Metal Resources plc announced that diamond drilling had started on the third hole at its nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. Site operator Kalahari Key Mineral Exploration Pty Ltd began drilling hole KKME 1-11a as part of a planned 2,505 metre programme. Power Metal said that […]
Tag: extractive industries
Alba’s Llechfraith drill hole exceeds expectations
Alba Mineral Resources plc said that its final hole reached 46% deeper than the previous hole at the newly identified vein system in Clogau-St David’s gold mine, North Wales. The junior miner added that its initial geological modelling indicated that the total tonnage estimation for the newly identified lode structure was between 24,000 to 27,000 […]
Galantas restarts blasting at Omagh gold mine
Galantas Gold Corporation announced it had restarted limited underground blasting at Omagh gold mine at Cavanacaw in County Tyrone, Northern Ireland. The Canadian miner is developing the Kearney gold vein which is expected to produce a feed of higher gold grade for the processing plant than the current feed, which comes from low grade stock. […]
Power Metal raises £7,000 through warrant exercise
Power Metal Resources plc has received subscription monies of £7,000 after receiving notices to exercise warrants over 1,000,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 1,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 […]
Oriole confirms enhanced gold anomalies at Senala
Oriole Resources plc has confirmed enhanced gold-in-soil anomalies in the latest results from its Senala project in Senegal, West Africa. Operator and Oriole’s joint venture partner, IAMGOLD Corporation, is due to begin a further drill programme to test anomalism identified along the strike length from previous drilling at Faré North and at Faré Far South. The […]
Altona appoints Simon Tucker as NED
Altona Rare Earths plc (formerly Altona Energy) has appointed Simon Tucker as non-executive director. Simon Tucker, aged 50, is an international businessman currently chief executive of AIM-listed SRT Marine Systems plc, chairman of Tan Delta Systems Ltd and an investor / shareholder in various other early and mid-stage private companies. He has been a director […]