Proactive mining weekly highlights: Oracle Power, Thor Mining, IronRidge Resources, Base Resources...

A round-up of another busy week for London's small cap miners

Power Metal Resources -

Power Metal Resources PLC (LON:POW) said on Friday that work to enlarge the Alamo Gold Project in Arizona, USA is set to start next month and that laboratory results indicate its 70%-owned Kisinka project in Congo contains sizeable copper and cobalt values.

Power Metal also announced that drilling of a second hole has started in Botswana at the Molopo Farms Complex, which is prospective for nickel and PGMs, and that a drilling contract has been signed for the Haneti nickel project in Tanzania.

Ncondezi Energy Limited (LON:NCCL) reached agreement with partner China Machinery Engineering Corporation (CMEC) for a US$1.8mln programme of accelerated development works at their power project in Mozambique.

Oracle Power PLC (LON:ORCP) has acquired two highly prospective gold projects in Western Australia. 

Thor Mining PLC (LON:THR) said it has executed an agreement to acquire an interest in the Alford East copper-gold project, in South Australia.

Panther Metals PLC (LON:PALM) is acquiring the Merolia gold project near Laverton, Western Australia, from White Cliff Minerals Ltd for cash and shares.

Trident Royalties PLC (LON:TRR) completed its acquisition of the Spring Hill royalty from Thor Mining PLC (LON:THR).

Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) has observed broad copper oxide and sulphide mineralisation at shallow depths in the first seven drill holes at Big One Deposit within the core Mt Oxide Project in northwest Queensland.

IronRidge Resources Limited (LON:IRR) has extended the Dorothe, Echbara and Am Ouchar licences in Chad by four-years. IronRidge also this week appointed Amanda Harsas as full time chief financial officer with immediate effect.

Oriole Resources PLC (LON:ORR) told investors that the drill rig and equipment for a planned exploration programme at the Bibemi gold project in Cameroon is now being mobilised to site.

ECR Minerals PLC (LON:ECR) said its subsidiary Mercator Gold Australia (MGA) has taken delivery of a new drill rig and is preparing to start a programme on the HR3 prospect, in the Bailieston project area.

Sunrise Resources PLC (LON:SRES) has completed the processing of a 100 ton bulk sample of perlite taken from its CS Pozzolan-Perlite project in Nevada, USA.

Base Resources Limited (LON:BSE, ASX:BSE) told investors its Kwale operations in Kenya exceeded expectations in the first full year of mining in the South Dune.

Europa Metals Ltd (LON:EUZ) has released the findings of a preliminary economic study for the Toral lead-zinc-silver mine project, in north west Spain, proposing a significantly larger mining operation, envisaging a 700,000 tonnes per annum operation over a 12-year life.

Emmerson PLC (LON:EML) told investors it has now completed all of the workstreams required for an environmental and social impact assessment (ESIA) for the Khemisset potash project in Northern Morocco.

African Gold Group, Inc. (CVE:AGG) said updated results from its Phase 4 in-fill drilling campaign at the Kobada Gold Project in Mali has extended the depth of the oxide-sulphide boundary from 120 metres (m) to 190 m at the northern extensions of the main shear zone.

AEX Gold Inc. (LON:AEXG) (CVE:AEX) posted results for the third quarter ended September 30, 202, which it's boss said demonstrated the significant increase in activity across its portfolio as its business transitions towards development.

W Resources PLC (LON:WRES) has appointed an executive director on the ground in Spain to oversee the La Parrilla tungsten and tin project, and appointed a new chief financial officer.


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Arizona Silver Exploration Chairman Mike Stark excited about outlook for 2019

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on 28/2/19

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