Galantas Gold Corporation proposes to expand its operations by creating a combined company with RDL Mining Corp to advance the Indiana gold-copper operating mine project in Chile. FUNDRAISE The Canadian company is currently focused on the Cavanacaw gold mine in Omagh, Northern Ireland and the Gairloch gold-bearing volcanogenic massive sulphide deposit in the northwest Highlands […]
Tag: volcanogenic massive sulphide (VMS)
Metals awarded Dupax VMS licence
Metals Exploration plc has been granted a 3,100 hectare exploration licence, hosting a volcanic massive sulphide target, over the Dupax project area in Northern Luzon, Philippines. DRILLING Tenement EP-000168 lies some 20 km southwest of Metals’ Runruno ore processing facility in Quezon, Nueva Vizcaya. An induced polarisation ground geophysics survey has already started over rock […]
Panther signs ‘transformational’ Ontario options
Panther Metals plc has signed two options for the high-grade zinc, copper and precious metal volcanogenic massive sulphides Winston project, 50km east of Thunder Bay in Ontario, Canada. MINE LIFE The site comprises the two deposits of Pick Lake and Winston Lake, the Winston Lake mine site infrastructure and “highly prospective” exploration targets. The company […]
Power Metal survey defines anomalies at Block 8
Power Metal Resources plc has defined five named anomalies from gravimetry geophysical survey results and fieldwork over the Al Mansur prospect at Block 8 in the Hazm area, northwest Oman. TARGETS The company’s subsidiary Power Arabia is undertaking exploration work as part of an earn-in agreement for a 12.5% stake in the project held by Alara […]
Panther extends exploration period for Obonga
Panther Metals plc has secured an additional year to meet exploration commitments over the Obonga volcanic massive sulphides-graphite project in Ontario, Canada. TVRs The company holds an option to acquire 100% of the project, which covers more than 90% of the Obonga Greenstone Belt and contains four prospects of Wishbone, Awkward, Survey and Ottertooth. The […]
Panther confirms 1.2km gold trend at Dotted Lake
Panther Metals plc has confirmed a 1.2km long open-ended gold trend from diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. CORRELATION The company’s first phase I drill core assays also showed an intersection of “high grade zinc/gold volcanogenic massive sulphide-style mineralisation”. Drill hole DL24-001 returned “highly anomalous […]