It was another busy week for London’s small-cap miners.
Metal Tiger reported encouraging drilling results from the Reung Kiet lithium project in Thailand
(image via @metaltigerplc Terry Grammer and Rick Rule
@Sprott Symposium river cruise)
Proactive weekly mining highlights: AfriTin Mining, Bushveld Minerals, Pure Gold Mining
Polymetal has exchanged US$10mln worth of convertible loan notes in Chaarat Gold Holdings (LON: CGH) for just over 14.6mln shares, which Chaarat chief Artem Volynet’s said was as “an endorsement” of the company’s strategy.
Chaarat also said it is confident of meeting its targets at the Kapan mine in Armenia by the end of the third quarter.
Pure Gold Mining Inc (LON: PUR) (OTCMKTS: LRTNF) reported more positive news Tuesday as it revealed latest surface drilling at the Madsen Red Lake project had resulted in several bonanza grade gold finds.
Arc Minerals Ltd (LON: ARCM) will only pay 16% of the cash costs for the drilling programme at its Zamsort copper-cobalt project in Zambia after agreeing a drill-for-equity deal with the local contractor.
Metal Tiger Plc (LON: MTR) said drilling results from the Reung Kiet lithium project in Thailand confirm wide intersections of lepidolite hosting pegmatite below the shallow historical open pit.
Power Metal Resources PLC (LON: POW) took an option over 70% of a licence to the north and east of the Tondo cobalt-copper mine in the DRC.
Bacanora Lithium PLC (LON: BCN) says the first of the three approvals required for Chinese firm Ganfeng to take a strategic stake has been granted.
Metal Tiger Plc’s (LON: MTR) 59%-owned Kalahari Metals Ltd has received environmental approval for the Okavango copper project in Botswana, paving the way for drilling to start.
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