Gold is now trading at near an all-time high and looks set to continue going up as central banks and investors around the world add gold to their coffers.
Caracal Gold plc (LSE: GCAT) has appointed Mr Franck Bizouerne as Group Mineral Resource Manager, effective from 1 April. A senior geologist with over 22 years of experience and an expert in greenfield exploration, in particular, gold but also lithium and base metals across the African continent, the mining veteran brings a wealth of experience to the East African gold player.
BlueRock Diamonds PLC, (AIM: BRD) sold four gem-quality stones in its February tender totalling US$460,000. Notably, the average tender price of the total parcel of $638 per carat was significantly above the 2021 average of $ 465 and follows BRD’s strong January 2022 tender, which had an average price of $565.
Power Metal Resources plc (LON: POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces its consolidated audited results for the year ended 30 September 2021, for the Company and its subsidiaries.
Kavango Resources plc (LSE: KAV), announced receipt of a preliminary independent Petrology Report for Holes TA2DD002 & KSZDD001, drilled in the Kalahari Suture Zone (“KSZ”).
Kavango sent ten samples to SJT MetMin Services Pty (“SJTMetMin”), an experienced petrological and mineralogical consultant, taken from intersections of the Karoo intrusives and the Proterozoic gabbro from Exploration Holes TA2DD002 and KSZDD001. Both holes were successfully drilled to a depth of 1,000m.
Greatland Gold PLC (AIM: GGP) shares could almost double in price according to a target established by stockbroker Canaccord Genuity. This has been in response to Thursday’s upgrade of resources at the Havieron Project in Australia. Canaccord reiterated a speculative buy recommendation and set a target price of 25p (current price 14p), as a note. This sets the stage for future gold upgrades.
Updated Mineral Resource substantially increases Havieron Resource and Reserve; Mineral Resources (including Ore Reserves) increase to 5.5M oz Au and 218kt Cu or 6.5M oz AuEq1, an increase of 2.1M oz AuEq1 since the last Mineral Resource update Probable Ore Reserves now stand at 2.4M oz Au and 109kt Cu or 2.9M oz AuEq1, compared to the 1.7M oz AuEq1 in the Initial Ore Reserve estimation
TPI provides its latest research note on Cora Gold Limited (AIM: CORA)
Cora Gold Limited (AIM: CORA) updated the market on its exploration activity at its portfolio of gold assets in southern Mali. Results included a new surface gold discovery at its flagship Sanankoro Gold Project in previously unexplored areas, and gold assay results from selected rock samples at the Bokoro II deposit, which neighbours Sanankoro, returned up to 0.85 g/t gold. The positive results support future follow up exploration work on the permit areas at Sanankoro s.
Sovereign Metals Limited (ASX: SVM; AIM: SVML) announced that it has entered into a non-binding Memorandum of Understanding (MoU) with Hascor International Group™ for the potential supply of 25,000 tonnes of natural rutile per annum from the Company’s Kasiya Rutile Project (Kasiya) in Malawi to Hascor’s processing plants and clients across five continents.
Mila Resources (LSE: MILA) announced a drilling update from its Kathleen Valley Gold Project in Western Australia. The second hole drill hole intersected ~9.3m wide mineralised sulphide zone from 195.68m, which contains 2m of Bellevue Style quartz-sulphide lodes discoveries. Kathleen Valley is situated next to Bellevue Gold one of the highest-grade gold discoveries in the world, making this a particularly exciting find.
Alien Metals (AIM: UFO) has provided an update on assay results from its Phase 3 drilling programme at the Group’s Hancock Iron Ore project, part of its Hamersley Iron Ore Project in Western Australia.
With 17 of the 46 reverse circulation (‘RC’) holes returning high-grade intersections that enhance last month’s results from a series of bulk sample grabs which produced an average grade of 62.2% Fe along with a low level of impurities, this confirms not only the existence of significant extensions to the existing Inferred Resource but also contributes important in-fill data for the Ridge C and E-resources.
Zak Mir takes a look at First Class Metals, listing soon on the standard market LSE
AfriTin Mining Limited (AIM: ATM), an African tech-metals mining company within Namibia, is pleased to announce the discovery of spodumene, a lithium-bearing mineral, within its fully permitted mining license ML 129, situated 11 kilometres SW of the Company’s flagship asset, the Uis Tin Mine.
ECR Minerals plc (LON: ECR), provided results from hole BH3DD019, drilled into the north end of the Maori Reef within HR3 at Bailieston, Victoria, Australia. ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which is operated under its Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
Alien Metals Ltd (AIM: UFO), provided an update on assay results from its Phase 3 drilling programme at the Company’s Hancock Iron Ore project, part of its Hamersley Iron Ore Project, Western Australia.
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: We are again delighted with the outcome of this third drilling programme at Hancock, with some excellent high-grade intersections adding more confidence to our existing resource as well as assisting in our understanding of the high-grade units’ spatial relationship in the ridge systems.
Power Metal Resources plc (LON: POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio. Announces an update in respect of the Kalahari Key Mineral Exploration Pty Limited (“KKME”) option held by Kavango Resources plc (LON: KAV) (the “Option”).
The Option was extended by four days as announced on 25 February 2022, and a further extension has now been agreed with the new Option expiry date set to 18 March 2022.
Xtract Resources Plc (AIM: XTR) reported on further work completed in the area inclusive of the southern extension of Racecourse and the Ascot prospects on the Bushranger copper-gold porphyry exploration project. Seven further exploratory drill holes have been completed on the project, which were all located in the southern area between the Racecourse and Ascot prospects.
Panthera Resources Plc (AIM: PAT), announced that the Bassala licence has been extended for a further three years. Having met all of the requisite statutory obligations, the Company’s joint venture partner applied for a three-year extension to the entirety of its Bassala exploration licence. Following the approval by the Direction Nationale de la Géologie et des Mines and the Ministère des Mines de l’Énergie et de l’Eau, the Bassala exploration licence extension has been confirmed.
Kavango Resources plc (LSE: KAV), announced the completion of Hole KSZDD002 (the “Borehole”) to target a depth of 650m and a successful Downhole Time Domain Electromagnetic (“DHEM”) survey to 640m. Based on visual inspection of the drill core, direct Magnetic Susceptibility and Conductivity measurements are taken along the core, and the DHEM survey data, there are four critical developments.
Alien Metals Ltd (LSE AIM: UFO) advised that the Company has received a ‘no objection’ letter from the Australian Foreign Investment Review Board (“FIRB”) in relation to the Company’s acquisition of a 100% interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia.
The ‘no objection’ from FIRB was one of the key conditions precedent to the Acquisition, as referenced in the Company’s announcement on 21 January 2022, with the Company planning to satisfy the remaining conditions in the coming weeks.
