Hummingbird Resources plc announced it had a stronger cash position but poured less gold during the final quarter of 2020 from its operations in West Africa. The company faced problems last year including a military coup in Mali, extreme rain as well as the pandemic. bit.ly/2O77UKV It has forecast production for 2021 to be during […]
Tag: UK mining
Oriole acquires new Cameroon gold licences
Oriole Resources plc said it had expanded its Cameroon portfolio with five new gold licences and a further three granted to its partner. The five licences (Tenekou, Niambaran, Pokor, Ndom and Mbe) in Central Cameroon are located to the west of the regional capital, Ngaoundéré. They were granted through the company’s 90%-owned subsidiary Oriole Cameroon SARL. […]
Power Metal receives £125,450 in warrant exercise
Power Metal Resources plc said it had received subscription monies of £125,450 following notices to exercise warrants over 13,295,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 10,795,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 […]
Cadence reports strong tin-lithium results at Cínovec
Cadence Minerals plc reported strong results from 12 completed holes out of a 19-hole drill programme at the Cínovec project in Prague. The company holds approximately 12% percent of the equity in the Australian site operator, European Metals Holdings Ltd (EMH), which has started work on the thirteenth hole. Cínovec lies on the border crossing with […]
Cornish Metals receives $670,400 via warrant exercise
Cornish Metals Inc said it had received $670,400 after Barkerville Gold Mines, a wholly owned subsidiary of Osisko Development Corp, exercised 9,577,143 previously issued common share purchase warrants. The warrants were issued following Cornish Metals’ private placement financing completed on 3 February, 2020. As a result of the exercise, Barkerville now owns 53,833,333 common shares […]
RRAL granted three licences in Victoria gold fields
Red Rock Resources Australasia Pty Ltd (RRAL) said it had been awarded its first licences for a period five years in the gold fields of Victoria, Australia. LICENCES The licences include 133 km2 Blue Whale, south and east of Ballarat (EL007271); 74 km2 Blue Chip, west and south of Ballarat (EL007281); and 8 km2 Blue […]