Greatland Gold PLC (AIM:GGP), shares soared on the news that Newcrest Mining will release pre-feasibility results from the Havieron copper-gold deposit in the Paterson area of Western Australia on Tuesday, 12 October 2021.
Caracal Gold plc (AIM:GCAT) welcomed an update on its ongoing exploration activities at its producing Kilimapesa Gold Mining and Processing Operations in Kenya, where it is advancing an initial shallow trenching programme on high priority targets on the newly targeted Southern Mineralized Zone ahead of the commencement of its planned RC and diamond drilling programmes later in the year. Highlight of the announcement include peak trench sample result of 40m at 4.85g/t gold including 7m at 7.6g/t from trench CART 0003 and individual samples of 1m at 15.08g/t; 1m at 14.09g/t and 1m at 12.89g/t in trench CART 0003.
Since the IPO in late August 2021, shares have risen 70% and with the constant news flow, look to have a bright future in the near term.
Robbie McCrae, CEO of Caracal, said, “Our focus at Caracal is on rapidly delivering on our strategy of becoming a +50,000oz p.a. producer and building a JORC compliant resource base of +3Moz within the next 12-18 months. Whilst we will continue to increase production at our Kilimapesa Gold Mining and Processing Operations, in parallel with this we will be focused on our aggressive acquisition strategy and on our exploration activities on our mining and prospecting licenses at Kilimapesa where the potential to increase our resource base is significant.
BlueRock Diamonds PLC,(AIM:BRD) the owner of South Africa’s Kareevlei mine, stated that it sold a stone weighing 7.1 carats for US$648,826 (roughly PS47,700) during a September tender.
Cora Gold Limited (AIM:CORA) announce the twelfth set of drill results from its largest ever +40,000m drill campaign at its Sanankoro Gold Project. The Company focussed the drill campaign on both resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The drill results have continued to be extremely encouraging throughout the campaign with high-grade results in generally shallow oxide ore.
Highlights of these latest results included, at Zone B1: 73m @ 2.24 g/t Au from 83m in hole SC0555 and 22m @ 3.73 g/t Au from 117m in SC0556. Whilst at Zone A: 34m @ 3.06 g/t Au from 61m in hole SC0521 and 59m @ 1.28 g/t Au from 60m in hole SC0523.
In the past six months, the share price is over 80% and with the company drilling its largest-ever drill campaign, we should see a continued news flow to the markets.
Bert Monro, CEO of Cora, commented, “To have two more holes of over 100 gramme metres, taking the total number of +100 gramme metre holes to 13 in this drill campaign, is extremely exciting and also very encouraging as we approach an updated mineral resource estimate (‘MRE’). The results continue to show good consistency of widths and grades in oxide ore which offers us further encouragement as we look towards the DFS which is already underway.”
Metal Tiger PLC (AIM:MTR) has completed its entitlement rights investments in Sandfire Resources. Metal Tiger subscribed to 3.3mln Sandfire share at a total cost A$17.8mln.
Panther Metals PLC (LSE:PALM) announced the commencement of diamond drilling on the Wishbone volcanogenic massive sulphide (“VMS”) prospect at the Obonga Project in Ontario, Canada.
Alien Metals Ltd (AIM:UFO) stated that drilling at the Elizabeth Hill silver project, in Western Australia’s Pilbara region, continued to show visible signs of mineralisation. Alien believes that visible sulphides as well as native silver were found in core and RC chips. This suggests that there is a larger polymetallic circle around the original high-grade Silver deposit.
Alba Mineral Resources plc (AIM:ALBA) put out an update on its development plans at the Clogau-St David’s Gold Mine. Drilling campaigns completed by Alba over the past 12 months at Clogau have successfully identified new development opportunities, both along strike and down dip of areas of known historic gold production.
Strategic Minerals PLC ( AIM:SML) has set a start date for its Leigh Creek copper mine project in the first quarter of 2022 after discussions with South Australia’s mines department (DEM).
Kavango Resources plc (LSE:KAV), announced the renewal of five Prospecting Licences (“PLs”) in the Company’s Kalahari Suture Zone (“KSZ”) Project
Great Southern Copper (GSC), which is focused on copper-gold exploration in Chile. It announced its intention to seek admission of its Ordinary Shares to trading on the main market of the London Stock Exchange. GSC has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.
GSC, which is focused on Tier-One assets in Chile’s largest copper producer, seeks to raise £3.5m.
Endeavour Mining PLC (LSE:EDV), announced that it has priced its offer of US$500mln bonds in its refinancing strategy. Fixed-rate senior notes due in 2026 will be paid semi-annually at a rate of 5.00%.
Prairie Mining Limited (AIM:PDZ)) entered into an Earn-in Agreement (EIA) with Greenfields Exploration Ltd (GEX) to acquire an interest of up to 80% in the Arctic Rift Copper project (ARC or Project) in Greenland.
Scotgold Resources Limited (AIM:SGZ) provided an update on mine production and processing performance at the Cononish Gold and Silver Project in Scotland, during September 2021.
Xtract Resources Plc (AIM:XTR) provided the geological results from drill holes BRDD-21-018 and BRDD-21-0189 from the Phase 2 diamond drilling programme at the Racecourse Copper-Gold Deposit on the Bushranger Project, located in the Lachlan Fold Belt (“LFB”) of New South Wales, Australia.
Thor Mining Plc (ASX.AIM:THR) announced the latest soil results from the Company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“The latest results from our surface geochemistry have defined eight new robust drill- ready targets at Sterling Prospect, Ragged Range.
These results confirm our geological model of shear hosted gold associated with the mafic-ultramafic contact.
The Directors believe that Ragged Range has significant exploration potential, with all the right ingredients to host significant gold deposits and we look forward to commencing our maiden RC Drilling program at the Sterling Prospect next week.”
Anglesey Mining PLC (LSE:AYM) has raised funds and begun work on the next stages of the Parys Mountain project in Anglesey. Placing shares at 3.4p will bring in £768,000. This is a discount of 5.6% from yesterday’s closing price. CEO Jo Battershill can subscribe to £53,000 worth of shares.
Trident Royalties Plc (AIM:TRR) was pleased to note the recent announcement by Lithium Americas Corp. regarding positive progress at the Thacker Pass Lithium Project, in Nevada, USA. Trident holds a 60% interest in a gross revenue royalty 2 over the entirety of the Project.
Lithium Americas has also released a significant update to the Thacker Pass Mineral Resource Estimate – more than doubling the size of the MRE – and set out technical inputs to the ongoing Feasibility Study and Project timelines.
Oriole Resources PLC ((LSE:ORR ) stated that multiple gold targets were identified in the eastern Central Licence Package (Cameroon). These targets were identified by gold assay results using 503 stream sediment samples from the three easternmost licenses.
Excellent Diamond Drilling Results from Assaleyta and Hesdaba including best intersections of 17.37m grading 3.59 g/t Au and 10.75m grading 26.27 g/t Au respectively
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