Pure Gold Mining Inc () () this week said it has enough funds to kick off exploration drilling at its Red Lake gold mine development project in Ontario, as it revealed it had raised C$12.3mln from an exercise of share purchase warrants.
Ltd () shares surged higher after it said investor Aeturnum has finalised all its due diligence workstreams and now intends to start further investment talks. In March, Aeturnum took a 19.9% stake in Asiamet and entered a period of exclusivity for a project level investment in the KSK contract asset, which kicked off technical and commercial due diligence work that is now complete.
() managing director Kerim Sener told investors the average monthly production at the firm’s Kiziltepe gold mine in Turkey is “currently running above target”, on track to deliver on its 2020 production target of 18,000 ounces of gold.
() revealed it has now recovered over 100 macro diamonds from bulk sampling operations at the Marsfontein development project in South Africa’s Limpopo Province.
Zanaga Iron Ore Company Limited () said it has completed a concept study to assess the viability of a floating dewatering, storage and offloading port facility at its project in the Republic of Congo, demonstrating the potential “to enhance significantly the economics of the Zanaga Project through the reduction of upfront capital costs and enhanced internal rate of return”.
() told investors that its feasibility study for the Bougouni lithium project, in Mali, has been accepted by the country’s Ministry of Mines and Petroleum.
() published an updated assessment of the reserves and resources at the Singida gold mining project in Tanzania, confirming a JORC compliant reserve of 243,000 ounces of gold.
() () told investors that concentrate processing has now restarted at its wholly-owned gold mine near Omagh, Northern Ireland.
( OTCMKTS:WHELF) said chemical analysis on a bulk sample from the Kainite harvest ponds at its Lake Way Sulphate of Potash (SOP) Project has revealed potassium grades above the modelled average.
(LON:CNR, ) revealed it has raised £6.6mln from a issue of shares and warrants to advance the La India Project towards production.
Bluebird Merchant Ventures PLC () said due diligence has been completed by its prospective South Korean lender and finance terms should be confirmed shortly over a US$5mln loan to be repaid from future gold production.
() told investors it has received binding commitments for a two tranche placement to raise A$3.25 million before costs, funding further exploration at the Napié Gold Project in Côte d’Ivoire, West Africa.
Amur Minerals Corporation () (), the nickel-copper sulphide mineral exploration and development company focused on the far east of Russia, said it has raised £0.5mln, before expenses, through a share placing to progress the development of its Kun-Manie project.
Bacanora Lithium PLC () said it expects to reopen the Hermosillo pilot…