Home » Posts tagged 'FTSE' (Page 3)
Tag Archives: FTSE
#KAV Kavango Resources Plc – KSZ TA2DD002 Downhole EM Conductor Identified
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to report the Company has successfully completed an initial downhole electromagnetic (“DHEM”) survey on Hole TA2DD002 to a depth of 780m. The DHEM survey has identified the upper edge of a conductive anomaly in the Proterozoic gabbro (the “Conductive Anomaly”).
The Company and external consultants have completed preliminary analysis of data gathered from the DHEM survey and also reinterpreted existing data from previous airborne surveys conducted by Kavango. The original modelling from this airborne data guided the decision to continue drilling Hole TA2DD002 into the Proterozoic.
Hole TA2DD002 was the second hole of the current drill campaign in the Company’s Kalahari Suture Zone (“KSZ”) Project.
Highlights
- DHEM survey of TA2DD002
- TA2DD002 completed to a depth of 1,001m, within 1 degree of original target
- 350m of continuous altered Proterozoic-age core recovered from 651m to 1,001m, the single largest amount ever retrieved from the KSZ
- Initial DHEM completed in early October to a depth of 780m (using the available winch)
- Spectral Geophysics (“Spectral”) has secured a 1,500m winch to complete a follow up DHEM survey to the bottom of TA2DD002
- Preliminary analysis of DHEM survey suggests:
- Late-time data from 760m to 780m indicates the Conductive Anomaly exists within 300m of the DHEM survey’s completion
- The Conductive Anomaly appears to reside within the Proterozoic gabbro
- Kavango will provide images of the DHEM interpretation on its website
- Reinterpretation of Kavango’s aeromagnetic model (the “Aeromagnetic Model”)
- The Aeromagnetic Model was completed in 2020, using data from the Company’s regional airborne surveys flown in 2018 and 2019
- The Aeromagnetic Model accurately predicted the intersection of TA2DD002 with the Proterozoic gabbro at 650m
- Reinterpretation of the the Aeromagnetic Model confirms that:
I. Proterozoic rocks are the source of the main magnetic anomaly identified from aeromagnetic surveys
II. The extent of Proterozoic can be mapped using aeromagnetic surveying
Next steps:
– Spectral to conduct DHEM survey to the end of TA2DD002
– DHEM survey to be conducted on KSZDD001, once Target Depth has been reached (drilling operations are ongoing here)
– Thorough analysis of all DHEM data, to include consultation with independent experts
– Updating of the Company’s magenetic susceptibility model, to take into account latest drilling results, with a particular focus on confirming potentially shallower Proterozoic depths
– A full update will be provided, on completion of the updated geophysical modelling of the northern (Hukuntsi) section KSZ
– Kavango to host a shareholder webinar to present full results with supporting images and maps (details to be confirmed)
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
“Hard work, intelligent application of geophysics, skilled drilling and a bit of luck have brought us to this point.
While the Proterozoic is now our primary exploration focus in Target Area A, it is important to note that the Karoo remains our main focus in Target Area B (where we are currently drilling Hole KSZDD001).
There is still much for us to do, but we have definitive exploration leads, backed by physical core data from the ongoing drill campaign . This data should help constrain future modeling and will hopefully significantly improve results to guide our evolving exploration strategy in the KSZ.
Now that Spectral Geophysics has secured a winch that is long enough to carry the probe to the bottom of TA2DD002, we eagerly await the outcome of the 1,000m downhole electromagnetic survey. We will report more on this, once we have completed thorough analysis of any data we gather. “
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.comand on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
#POW Power Metal Resources – FDR Australia – Wallal Project Final Licence Grant
Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an update from the Wallal Project (the “Project”) located in the prolific Paterson region of Western Australia where the Company is targeting major gold-copper discoveries.
HIGHLIGHTS:
– Power Metal now confirms that the final licence application at the Wallal project E45/5853 (Wallal West 1) has now been granted. The granted licences are:
E45/5853 – Wallal West 1
E45/5816 – Wallal Main
E45/5880 – Wallal West 2
– The Wallal West 1 licence fully encompasses the Western magnetic anomaly, which measures 5km by 5km, and is cross-cut by a northwest-southeast trending inversely magnetised dyke.
– The granting of Wallal West 1 means that the entire Wallal Project land package has successfully been granted, which covers the Western, Eastern and Border anomalies.
– The Company now turns its focus to advancing exploration on the fully granted Project, progressing it to a drill-ready stage – which includes the Phase I passive seismic and 2D seismic reprocessing work programme currently underway with results expected shortly.
– In addition, with the successful award of AU$165,000 in co-funding monies from the Western Australia government for a drilling programme targetting the Eastern and Border anomalies, the initial administrative preparations have begun for the planned 2022 Q1 drilling campaign.
– Power Metal is progressing with the acquisition of the holding vehicle of the Wallal Project as outlined in the “Background” section below. A further announcement will be made in this regard shortly.
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
“With the grant of the final licence announced today, this exciting project takes another great leap forward. This news means Power Metal shareholders now have exposure to the complete Wallal Project as a granted package.
In our view the Wallal Project is a major strategic gold-copper exploration opportunity with the potential to host the large scale discoveries Power Metal is seeking within its portfolio.
Our Exploration Update on 13.09.21 outlined the important geological and geophysical similarities of the Wallal Project to Greatland Gold’s Havieron project, within the Paterson region.
Therefore we are to now turning our full attention towards advancing exploration and specifically towards the initial preparations for a deep-drilling campaign which is planned for early 2022. This will represent the first drill programme ever completed targeting these substantial geophysical anomalies.”
BACKGROUND
The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include Wallal Project (Wallal Main-E45/5816, Wallal West 1-E45/5853 and Wallal West 2 – E45/5880, all granted), Braeside West Project (one licence application) and the Ripon Hills Project (one granted licence).
On 28 April 2021 Power Metal announced a conditional acquisition of FDR Australia and this may be viewed through the following link:
On 30 September 2021 Power Metal announced the granting of the Wallal Main and Wallal West 2 licences and this may be viewed through the following link:
https://www.londonstockexchange.com/news-article/POW/fdr-australia-grant-of-wallal-licences/15156169
The latest exploration update released by the Company on 13 September 2021 may be viewed through the following link:
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
|
Power Metal Resources plc |
|
|
Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
|
|
|
|
SP Angel Corporate Finance (Nomad and Joint Broker) |
|
|
Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
|
|
|
|
SI Capital Limited (Joint Broker) |
|
|
Nick Emerson |
+44 (0) 1483 413 500 |
|
|
|
|
First Equity Limited (Joint Broker) |
|
|
David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
#POW Power Metal Resources – Kalahari Copper Belt – Operational Update
Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an operational update from the Company’s interests in the Kalahari Copper Belt (the “KCB”) held through the Kanye Resources joint venture (“JV”) with partner Kavango Resources (LON:KAV)(“Kavango”).
Power Metal holds a 50% ownership interest in the JV which includes ten prospecting licences in the KCB covering an area totalling 4,257km2. Kavango is operator.
HIGHLIGHTS:
· Environmental Management Plan (“EMP”) approved covering the Kanye Resources KCB Prospecting Licences (“PLs”) for a two year period.
· Exploration vectoring underway, towards initial target selection, including:
– Re-logging of physical core data from historic drill holes
– Ground magnetic geophysics survey underway on the southern limb of the Acacia target, in the JV’s South Ghanzi Project
– Work underway to optimise future soil-sampling programmes, to account for changing ground conditions across the JV’s PLs
– Initial drill strategy being finalised
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
“Environmental Management Plan approval is a vital step forward for the JV and something we have been keen to secure, opening up the ability to move forward with planned drill programmes.
The size and scale of the JV prospecting licences means we must take all necessary measures to refine exploration data, notably with regard to drill hole targeting, and so this work is being done expeditiously.
Power Metal has a portfolio of four Botswana exploration interests. Drilling has already been undertaken in 2021 at the Molopo Farms Complex and Tati projects, and we aim to see drilling commence at the Ditau Camp and South Ghanzi KCB projects in the near term.”
OPERATIONAL UPDATE
Kavango has commenced a ground magnetic geophysics survey of the southern limb of the Acacia target (the “Ground Survey”), in the South Ghanzi Project. This survey will help tighten the interpretation of the electromagnetic (“EM”) data it acquired from airborne geophysics surveys flown in the spring.
The Ground Survey will be conducted over a 14km by 4.5km block and will cover 676.5 line kilometres, including 634.5km of traverse lines and 42km of tie lines. Line spacing will be 100m and readings will be taken continuously.
In parallel to this, Kavango has also commenced a detailed sampling exercise to confirm the geochemical anomalies identified across the JV PLs in the KCB.
Acacia (in PL036/2020) is now the JV’s highest priority target for possible drilling in the KCB. Kavango anticipates the Ground Survey and further soil sampling will enable Kavango to confirm initial drill collar locations.
Kavango expects to commence “fence” drilling of lines of shallow boreholes. This will likely involve a combination of reverse circulation and diamond drilling. This drilling will act as an orientation exercise and should act as a precursor to a much more comprehensive, subsequent drill campaign. The “fence” drilling will also enable Kavango to assess structural trends and any associated geochemical and/or EM anomalies.
In parallel to this, Kavango has also started work on re-logging regional historic drill hole data. At this stage, Kavango is keen to deepen its understanding of the local stratigraphy, lithology and geology in its main areas of interest.
Further updates will be provided in due course.
COMPETENT PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
|
Power Metal Resources plc |
|
|
Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
|
|
|
|
SP Angel Corporate Finance (Nomad and Joint Broker) |
|
|
Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
|
|
|
|
SI Capital Limited (Joint Broker) |
|
|
Nick Emerson |
+44 (0) 1483 413 500 |
|
|
|
|
First Equity Limited (Joint Broker) |
|
|
David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
#KAV Kavango Resources Plc- KCB: EMP Awarded & Operational Update
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the Company has been awarded an Environmental Management Plan that covers all of its Prospecting Licences (“PLs”) in the Kalahari Copper Belt (the “KCB”). These interests include PLs held within the Kanye Resources Joint Venture (“JV”) and the LVR JV.
Highlights
Ø Environmental Management Plan awarded
– EMP covers all the Company’s Prospecting Licences (“PLs”) in the KCB
– EMP valid for 2 years
Ø Final phase of field exploration underway, towards initial target selection
– Re-logging of data from historic drill holes
– Ground magnetic survey underway on the southern limb of the Acacia target, in the South Ghanzi Project (part of Kanye Resources)
– Work underway to optimise future soil-sampling programmes, to account for changing ground conditions across the Company’s PLs
– Initial drill strategy being finalised
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
“We would like to thank the Department of Environmental Affairs for the award of our Environmental Management Plan in the Kalahari Copper Belt. This is an important next step for the Company.
As operator of 12 prospecting licences, which cover over 6,300km2 of prospective ground for possible major copper/silver deposits, Kavango is now permitted to conduct drilling operations here for the next two years.
Our primary focus is currently on the promising Acacia target in the South Ghanzi Project. Work is ongoing on Acacia to optimise target definition, to maximise our chances of success.
This is a critical period for Kavango and we eagerly anticipate the next phase of exploration. “
Kavango’s interests in the KCB Kavango’s PLs in the KCB include:
The Kanye Resources JV
Ø 50 % working interests in 10 prospecting licenses held in a Joint Venture with Power Metal Resources (LSE:POW), which cover 4,257km 2 . Kavango is operator.
The LVR JV
Ø Earning in a 90% interest in prospecting licenses PL082/2018 & PL 083/2018, held in a Joint Venture with LVR GeoExplorers (Pty) Ltd (“LVR”), which cover 1,091km 2 . Kavango currently owns 25% of the LCR JV. Kavango is operator.
KCB Operational Update
Kavango has commenced a ground magnetic survey of the southern limb of the Acacia target (the “Ground Survey”), in the South Ghanzi Project (part of Kanye Resources). This survey will help tighten the Company’s interpretation of the electromagnetic (“EM”) data it acquired from the airborne surveys flown in the spring.
The Ground Survey will be conducted over a 14km by 4.5km block and will cover 676.5 line kilometers, including 634.5km of traverse lines and 42km of tie lines. Line spacing will be 100m and readings will be taken continuously.
In parallel to this, Kavango has also commenced a detailed sampling exercise to confirm the geochemical anomalies the Company has identified across its PLs in the KCB.
Acacia (in PL036/2020, as part of the Kanye Resources JV) is now the Company’s highest priority target for possible drilling in the KCB. Kavango anticipates the ground magnetic survey and further soil sampling will enable the Company to confirm initial drill collar locations.
The Company expects to commence “fence” lines of shallow drill holes. This will likely involve a combination of reverse circulation and diamond drilling. This drilling will act as a geological orientation exercise and should act as a precursor to a much more comprehensive, subsequent drill campaign. The “fence” drilling will also enable the Company to assess structural trends and any associated geochemical and/or EM anomalies.
In parallel to this, Kavango has also started work on re-logging regional historic drill hole data. At this stage, the Company is keen to deepen its understanding of the local stratigraphy, lithology and geology in its main areas of interest.
Further updates will be provided in due course.
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
Nick Emerson
#ECR ECR Minerals – Update on Drilling Progress at (HR4) ‘Cherry Tree’
ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to update shareholders on drilling progress at historic reserve number 4, otherwise known as ‘Cherry Tree’, which is part of the Company’s Bailieston Project.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which is operated under its Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “ I am delighted to announce a significant step forward for the Bailieston project, with the near completion of drilling at HR4 (Cherry Tree). With 1545 metres of diamond drilling completed as shown in Fig 1, MGA now have a more detailed understanding of the prospect, proving up the historic percussion drilling results that showed broad low-grade mineralisation zones with occasional high-grade intercepts.”
“Once the final HR4 drill hole has been completed, MGA will return to complete drilling at the HR3 ‘Byron’ area. In addition MGA are awaiting the final drill results from our recently completed diamond drilling at Creswick (EL6184). The final four drill holes are adjacent to the high-grade intercepts already reported from CSD003 (0.95m @ 9.93 g/t Au from 84.2m and 0.95m @ 23.58 g/t Au from 89.05m) (see announcement dated July 19 th 2021). I look forward to reporting further drilling results from HR3 and Creswick in the coming weeks.”
SUMMARY:
- A total of 1545 metres of diamond drilling has been completed to date at the Cherry Tree prospect. The company is currently drilling the final drillhole (BCTDD010) before moving back to complete drilling of the HR3 ‘Byron’ area.
- Visual examination of drill core BCTDD009 shows the most intense quartz-sulphidic vein drilled to date at Cherry Tree.
- Orientated diamond core has delineated sulphidic fault zones containing broad low-grade gold mineralisation emanating from a central anticlinal hinge zone.
DRILLING TO DATE
A total of 1545 metres of diamond drilling has been undertaken to date at Cherry Tree. Drilling has been completed using the Company’s owned and operated drill rig named ‘Midas’. This is the first time that diamond drilling has been done within this deposit. Previous shallow percussion drilling was done in the late 1980’s by earlier explorers where results showed broad low-grade zones of mineralisation accompanied by occasional high-grade (> 7 g/t Au) intercepts are present. The aim of the recent drilling by ‘MGA’ was to test the structural trends associated with the historic percussion drilling. For this aim, MGA has been successful.
Refer to figure 1 link below for locations described in the following paragraphs.
https://www.ecrminerals.com/images/fig1_plan_bct_update_211021.png
GEOLOGICAL OVERVIEW
The Cherry Tree prospect was the subject of intense, shallow hard-rock mining from the 19th Century where miners selectively took out the narrow quartz filled fault veins. Historic records show these veins can often grade over 50 g/t Au. Mapping of historic workings at surface show a system of faults to strike in a WNW direction from a centralised anticlinal fold. This anticline links the HR3 (Byron) prospect, 2km to the NNW where first-pass drilling was undertaken by MGA in the first half of the current year. The Cherry Tree mines are located at a bend within this anticline (refer to fig1). It is likely that brittle deformation in fine grain sandstones within this bend led to development of the WNW fault zones and subsequent gold mineralisation. Gold is closely associated with arsenopyrite, thus arsenic is a good local pathfinder element for gold mineralisation.
DRILL HOLE SUMMARY
Drilling of the first diamond holes in Cherry Tree (BCTDD001, BCTDD002 and BCTDD003) have been reported previously (see announcements dated August 10th 2021). In summary, BCTDD001 was successfully drilled to identify the central anticline position. BCTDD002 and BCTDD003 were drilled to test the down-dip of a WNW fault system located in the central portion of the goldfield. Best results were from BCTDD003 (0.5m @ 11.02 g/t Au from 98.85m). Drilling has continued across WNW fault zones at different points along the anticline, with the current hole (BCTDD010) being near complete. Drilling shows broad zones of low-grade mineralisation.
Summary of all drill intercepts containing reportable levels of gold greater than 1 g/t Au for holes BCTDD004 – BCTDD008.
BCTDD004
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Comment |
|
63 |
64 |
0.12 |
1 |
|
|
125 |
126 |
0.17 |
1 |
Fault Zone |
|
130 |
131 |
0.12 |
1 |
Arsenopyrite |
|
144.5 |
145.5 |
0.18 |
1 |
Perpendicular QV |
|
177 |
178 |
0.18 |
1 |
QV |
|
198 |
199.1 |
0.13 |
1.1 |
Fault Zone |
BCTDD005
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Comment |
|
30.6 |
32 |
0.14 |
1.4 |
0.6m of core loss |
|
41.35 |
42.3 |
0.13 |
0.95 |
100ppm As pXRF* |
|
55.4 |
57.1 |
0.11 |
1.7 |
0.8m core loss |
|
80 |
81.1 |
0.13 |
1.1 |
|
|
103.2 |
104.2 |
0.12 |
1 |
QV |
|
127 |
128 |
0.21 |
1 |
QV with disseminated pyrite |
*pXRF (portable x-ray fluorescence-in house analysis)
BCTDD006
*Currently awaiting the results from the last 24 samples of this hole*
There are two broad zones of mineralisation within this hole.
- 42.1m – 48.6m (6.1m @ 0.63 g/t Au) or 3.89 grams over 6.1m (gram x length)
- 49.6m – 52m (2.4m @ 1.49 g/t Au) or 3.57 grams over 2.4m (gram x length)
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Comment |
|
32.3 |
33.1 |
0.13 |
0.8 |
QV (Fault) |
|
42.1 |
43 |
0.27 |
0.9 |
Fault Zone 1 |
|
43 |
43.9 |
0.12 |
0.9 |
Fault Zone 1 |
|
44.3 |
45.4 |
0.13 |
1.1 |
Fault Zone 1 |
|
45.4 |
46.5 |
1.74 |
1.1 |
Fault Zone 1 |
|
46.5 |
47.5 |
1.24 |
1 |
Fault Zone 1 |
|
47.5 |
48.6 |
0.22 |
1.1 |
Fault Zone 1 |
|
49.6 |
50.5 |
3.39 |
0.9 |
Fault Zone 2 |
|
50.5 |
51.1 |
0.48 |
0.6 |
Fault Zone 2 |
|
51.1 |
52 |
0.26 |
0.9 |
Fault Zone 2 |
|
59 |
60 |
0.13 |
1 |
|
|
60 |
61 |
0.4 |
1 |
|
|
89 |
89.8 |
0.15 |
0.8 |
QV (Fault) |
|
131 |
132 |
0.29 |
1 |
|
|
159 |
160 |
0.12 |
1 |
|
The following holes were drilled around the highest grade and broad mineralised intercepts found in BCTDD003. The mineralisation is associated with a fault zone that has been mined near surface at 1m wide).
BCTDD007
*Currently awaiting 17 assay results for this hole*
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Comment |
|
50.6 |
51.1 |
0.11 |
0.5 |
|
|
51.1 |
52.1 |
0.15 |
1 |
|
|
58.2 |
59 |
0.14 |
0.8 |
|
|
64 |
65.6 |
0.24 |
1.2 |
|
BCTDD008
*Only the first 17m of this hole has been assayed to date*
Another Fault zone present at the top of this hole: 5.4m @ 0.69 g/t Au or (3.71 gram metres)
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Comment |
|
0.3 |
1.1 |
1.14 |
0.8 |
Near surface faulting |
|
4.8 |
6 |
0.13 |
1.2 |
|
|
8.2 |
9.1 |
0.14 |
0.9 |
Fault Zone 1 |
|
9.1 |
10 |
0.14 |
0.9 |
Fault Zone 1 |
|
13.6 |
15.3 |
0.17 |
1.7 |
Fault Zone 1 |
|
15.3 |
16.3 |
2.92 |
1 |
Fault Zone 1 |
|
16.3 |
17.2 |
0.28 |
0.9 |
Fault Zone 1 |
BCTDD009
Drilling of BCTDD002, BCTDD003, BCTDD007 and BCTDD008 showed that the WNW fault is more open (dilated) as we drill further west away from the anticline. A solid sulphidic quartz vein over 2m wide was drilled through at 146.5m depth. Geological logging and sampling of BCTDD009 is currently in progress, see figure 2 link below for detailed image of BCTDD009 core samples.
https://www.ecrminerals.com/images/fig2_bctdd009_quartz.jpg
FORWARD LOOKING STATEMENTS
Whilst drill results to date at Cherry Tree have been disappointing of late, it must be emphasised that structural interpretation of the Cherry Tree deposit has only been achieved through completing diamond drilling across multiple fault zones. Drilling of the last hole (BCTDD009) is showing a remarkable improvement in vein quality and size as we drill west of the anticline. For the time being, pending results, the drill rig will be moved to more promising sites at the north end of the HR3 (Byron) reserve where soil sampling is revealing strong arsenic-antimony anomalies on surface.
MGA are also awaiting the final drill results from our recently completed diamond drilling at Creswick (EL6184). The final four holes were drilled adjacent to the high-grade intercepts in CSD003 (0.95m @ 9.93 g/t Au from 84.2m and 0.95m @ 23.58 g/t Au from 89.05m). MGA staff have begun to sample the soils surrounding the projected outcrop of this quartz vein. If the results are positive, it will assist in delineating the plunge of mineralisation, which it is hoped will provide MGA with a better selection of future drill targets.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, a director of ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
ECR Minerals plc |
|
Tel: +44 (0) 20 7929 1010 |
|
|
David Tang, Non-Executive Chairman |
|
|
|
|
Craig Brown, Director & CEO |
|
|
|
|
Email: |
|
|
|
|
Website: www.ecrminerals.com |
|
|
|
|
|
|
|
|
|
WH Ireland Ltd |
|
Tel: +44 (0) 207 2201666 |
|
|
Katy Mitchell/Andrew de Andrade Nominated Adviser |
|
|
|
|
|
|
|
|
|
SI Capital Ltd |
|
Tel: +44 (0) 1483 413500 |
|
|
Broker |
|
|
|
|
Nick Emerson |
|
|
|
|
|
|
|
|
|
Novum Securities Limited |
|
Tel: +44 (0) 20 7399 9425 |
|
|
Broker Jon Belliss |
|
|
|
|
|
|
|
|
|
Blytheweigh |
|
Tel: +44 (0) 207 138 3204 |
|
|
Public Relations |
|
|
|
|
Tim Blythe |
#MSMN Mosman Oil & Gas – Winters-2 Drilling Update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the Winters-2 well in Polk County, Texas.
Further to the announcement made on 11 October, Mosman advises that Winters-2 was drilled to the target depth of 7,011 feet. Wireline logs, and side wall cores, and formation pressure tests were completed.
The report from on-site is that based on this data, the Winters-2 well has encountered potential pay in the Yegua and Wilcox sands. The well is being completed in the Third Wilcox which has a gross thickness of 54 feet (6,770-6,824 feet).
Information on flow rates will be made available when known, which will not be until after production facilities are installed.
The drilling rig will move to Stanley-5 location and that well is anticipated to commence drilling next week.
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#TYM Tertiary Minerals – Holding in Company
Tertiary Minerals plc (LON: TYM) (“Tertiary” or the “Company”) became aware that, based on a shareholder analysis undertaken as at 1 October 2021, Mr M Farooq had a holding of 73,173,424 shares, representing 6.18% of the Company’s total issued share capital, as at 1 October 2021. Mr M Farooq has not responded to date to requests from the Company to confirm his holding.
For more information please contact:
|
Tertiary Minerals plc: |
|
|
Patrick Cullen, Managing Director |
+44 (0) 1625 838 679 |
|
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
|
|
Richard Morrison |
+44 (0) 203 470 0470 |
|
Caroline Rowe |
|
|
Peterhouse Capital Limited Joint Broker |
|
|
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
Duncan Vasey |
|
UK Investor Magazine Podcast – Argo Blockchain, Bellway and UK Inflation with Alan Green
Alan Green joins the Podcast as we drill down into the biggest themes in markets and a selection of UK shares.
For this Podcast it would be hard to avoid the latest inflation data and what it means for a potential rate hike from the Bank of England this year. We explore what this could mean for markets.
Alan has been watching Argo Blockchain and we delve into the latest developments and whether the valuation is justified.
Having discussed Barratts last week we compare Bellway and their response to supply chain issues after a bumper set of results.
MoneySuperMarket is also paid consideration and we give our views on how the business should evolve if investors are to see shares reach recent highs again.
#MSMN Mosman Oil & Gas – Stanley-5 well update
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development, and production company, announces an update on the Stanley-5 well in Polk County, East Texas.
The well is now scheduled to be drilled after the current well at Winters is completed and the rig is relocated the short distance to Stanley-5.
Stanley-5 is a development well targeting the Yegua formation, at approximately 5,000 feet. Following the acquisition of Nadsoilco LLC in July this year, Mosman’s interest in this well will be c36.5%. Mosman will fund its share of the USD 350,000 drilling costs from existing cash resources.
John W Barr, Chairman, said: “Mosman is pleased with the current drilling activity that we had planned for this year to achieve the strategic objective of increasing production.”
Qualified Person’s Statement
The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside is now considered to be in the public domain.
Enquiries:
|
Mosman Oil & Gas Limited John W Barr, Executive Chairman Andy Carroll, Technical Director |
NOMAD and Broker SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
|
Alma PR Justine James / Joe Pederzolli +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
Joint Broker Monecor (London) Ltd trading as ETX Capital Thomas Smith 020 7392 1432 |
#ORPH Open Orphan – Inside the quarantine lab where Irish company infects humans with Covid
Step into the foyer of the Whitechapel Hotel in London and it seems no different from any other business. But venture further in, and it becomes clear that something very strange is going on in this former textile factory.
Biohazard signs on each floor warn observers not to enter. Next to the double beds in the bright and modern en-suite rooms are white trolleys containing swabs, vials, gloves and other medical paraphernalia. Peepholes on the doors are not there so that guests can look out into the corridor.
Instead, they are reversed for safety reasons.
This former hotel, a victim of the Covid pandemic, has been transformed into a 19-bed quarantine facility used to house volunteers taking part in human challenge studies – specialist clinical trials where people are infected with a virus or bacteria to see how they respond to experimental vaccines or treatments.
Link here for the article
Link here for the full Sunday Telegraph article