Empire, Sovereign, Cora, Kavango
Empire Metals has started a major drilling campaign at the Pitfield Project in Western Australia.The programme is designed to evaluate the extent of the giant TiO2 mineral system at Pitfield, expand the Cosgrove Mineral Resource Estimate, and enhance the confidence levels associated with the MRE at Thomas, it said.
total of 754 drill holes are planned:683 Air Core drillholes for approximately 34,150 metres, and71 Reverse Circulation drillholes for approximately 7,100 metres,totalling 41,250 metres of drilling.Shares were at 36.90p.Cora Gold has conditionally raised gross proceeds of £2 million by way of a successful subscription for 33,333,333 Retail Offer Shares at the Issue Price of 6p/share.The offer, it said, was significantly oversubscribed.The scrip and retail offering will raise gross proceeds of £15.7 million which will be used to advance Cora's flagship Sanankoro gold project in southern Mali.Kavango Resources has released a NI 43-101- technical report for its Karakubis project in the Kalahari Copper Belt, Ghanzi District, Western Botswana. Kavango's KCB portfolio comprises a contiguous 5,200km² licence position, located on-strike from MMG's Khoemacau and Sandfire's Motheo copper-silver mines.Diamond drilling at the Karakubis prospect has already intersected copper mineralisation in all seven initial drill holes, supported by spot pxrf readings in excess of 1% copper and evidence of significant hydrothermal alteration.Shares were at 0.84p.Sovereign Metals has signed a non-binding Memorandum of Understanding with Traxys North America, for the marketing and sale of graphite products from the Kasiya rutile-graphite project in Malawi.This is the first step towards a binding Marketing Agreement for approximately 40,000 tpa in Stage 1 , increasing to up to 80,000 tpa as the project expands.
Empire Metals Kavango Resources Sovereign Metals Traxys North America Kasiya Project Pitfield Project Sanankoro Project Karakubis Project
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