IN BRIEF: Alien Metals Starts Elizabeth Hill Airborne Magnetic Survey
Fri, 15th Jan 2021 18:09
Alien Metals Ltd - minerals exploration and development company - Says airborne magnetic survey starts over the Elizabeth Hill project in Western Australia.
The project covers the original mining licence M47/342 which hosts the Elizabeth Hill Silver Mine and associated prospects, and also exploration permit ELA47/4422 which the company has conditionally acquired and will be known as the Munni Munni North tenement going forward. The company is extremely pleased that we can announce the commencement of this program as it will add invaluable overall new interpretation to the entire project area and allow us to incorporate various historic results with this new data, says Chief Executive & Technical Director Bill Brodie.
East Africa provides update on Ethiopian Development
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VANCOUVER, BC, Jan. 13, 2021 /CNW/ - East Africa Metals Inc. (TSXV: EAM) (FSE: EA1) ( East Africa or the Company ) is pleased to provide an update on the status of development programs on the Company s Ethiopia projects.
EAM currently has three approved Mining Agreements with Ethiopia s Ministry of Mines and Petroleum (the Ministry ). The Terakimti Oxide deposit Mining License has been issued (news release dated December 7, 2017) and the Mining Agreements for the Mato Bula and Da Tambuk deposits have been approved and licenses issued (See Press Release dated May 21, 2019). For the additional prospective targets of interest that are located on ground outside of the existing mining licenses, the Company has received Extension/Inclusion Agreements from the Ministry to allow additional time to qualify targets, as they may complement existing License resources.
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Project Level Funding Proposal for Major Exploration Campaign,
& Gold Portfolio Update
Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali (the Bougouni Project or the Bougouni Lithium Project ) is pleased to announce the acquisition of the Fatou Gold Project in southern Mali ( Fatou or the Fatou Project ) (the Acquisition ). Fatou already has a historical compliant NI 43-101 Resource of over 350,000oz which is expected to increase based on a funded 9-month drilling programme.
In conjunction with the Acquisition, Kodal Minerals has received a subsidiary-level project funding proposal from AIM-quoted Riverfort Global Opportunities PLC and Riverfort Global Opportunities PCC (together, the Investors ) to provide up to US$2,500,000 to fund part of the Acquisition, implement a major exploration campaign at Fatou and fund exploration at the Company s additional gold projects in Mali and Côte d I
Panthera Resources “tremendous progress made over the course of the reporting period” 7:30 am
Panthera Resources PLC (LON:PAT), the gold exploration and development company with key assets in West Africa and India, has announced its unaudited interim results for the half year ended 30 September 2020.
Highlights
· Earnings for the reporting period of $2,224,437 or $0.03 per share, a substantial improvement on the previous corresponding period loss of $659,348 or $0.01 per share. The improvement resulted from the divestment of the Company’s interest in the Labola project to Moydow Holdings Limited (Moydow).
· Entered an agreement with Moydow to spinout our interests in the Labola gold project in south west Burkina Faso and the Kalaka gold project in south west Mali, whilst retaining a significant interest in Moydow.