Proactive weekly mining round-up: Greatland Gold, Ironridge Resources, Bushveld Minerals.
A snapshot of some of the week s mining news and announcements
Greatland Gold PLC (LON:GGP), the precious and base metals exploration and development company, has announced “excellent results” from the drilling campaign at the Havieron deposit.
The latest results from the project, located in the Paterson region of Western Australia, further highlight the potential for extensions to the initial resource published last December, Greatland said in its stock market release.
IronRidge Resources Limited (LON:IRR) said it raised £12mln in an oversubscribed fundraising to help bankroll the development of its lithium and gold projects in the African nations of Ghana, Côte d Ivoire and Chad. The company raised the funds through the subscription and placing of 60mln new shares at a price of 20p each, a 6.3% discount to its closing price on Monday.
Empire Metals Mike Struthers updates investors on drilling at Eclipse and Jack’s Dream
Empire Metals Ltd s (LON:EEE) Mike Struthers talks to Proactive London about the next stage of drilling at both their Eclipse gold project and Jack s Dream.
The Eclipse gold project, which is located 55km north-east of Kalgoorlie, Western Australia includes the resource drilling at the Eclipse Mine target, where 200 metres of diamond drilling in three holes will be undertaken to duplicate selected recent reverse circulation drillholes for resource estimation purposes.
At the Jack s Dream discovery, Empire will also undertake expansion drilling where 1,700 metres of reverse circulation drilling will focus on infill drilling adjacent to wide intersections of mineralisation and high-grade intercepts.
Dish Of The Day:
Emmerson (AIM:EML) has moved from the Standard List to AIM. The Company’s current market capitalisation is approximately £46m, based upon its share price at close of business on 24 March 2021 of 6 pence per Ordinary Share. Raising £5.5m on admission. Emmerson is a potash development company focused on the development of the Khemisset Potash Project located in Northern Morocco, approximately 90km from the capital city, Rabat, and the planned bulk port of Kenitra Atlantique and 175km from the port of Mohammedia. The Project has a JORC Resource Estimate (2019) of 537Mt @ 9.24% K2O and exploration potential with a development pathway targeting a low capital expenditure and high margin potash mine.