The results are indicative of a large-scale gold deposit, similar to the Mt Wright gold mine, which is in turn part of the 10mln ounce-plus Ravenswood complex.
AfriTin Mining Limited (LON:ATM) celebrated the first shipment of tin concentrate from the Uis tin mine in Namibia in twenty years as it makes strides towards a “revenue-generating phase” for the company.
Shares surged as W Resources PLC (LON:WRES) announced it has kicked off tungsten and tin production at its La Parrilla mine in Spain, with its boss saying he is “pleased with the initial concentrate grades”.
Ormonde Mining plc (LON:ORM) told investors that sales of 20-tonne shipments of tungsten concentrate produced from the Barruecopardo mine in Salamanca, Spain, have recently completed with international buyers.
MetalNRG PLC (LON:MNRG) switched commodities to buy 75% of a Romanian company that owns the rights to an oil and gas concession for the next fifteen years, as well as appointing a new executive director to deliver the project.
IronRidge Resources Ltd (LON:IRR) returned multiple high-grade reverse circulation (RC) drilling intersections from the latest drilling programme at the Ewoyaa, Abonko and Kaampakrom projects in Ghana, West Africa
Strategic Minerals PLC (LON:SML) received £248,155 in research & development (R&D) tax relief from Her Majesty’s Revenue and Customs (HMRC) relating to exploration work at its Redmoor tin and tungsten project in Cornwall.
Ncondezi Energy Limited (LON:NCCL) received support “in principle” for a restructuring of an outstanding US$4.3mln loan plus interest.
Rainbow Rare Earths Ltd (LON:RBW) released results from a historic drilling programme at Kiyenzi in Burundi.