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Mining Sector: Herencia up after extraordinary results at Picachos

Herencia Resources’ (LON:HER) shares were up in late trading after it revealed further excellent assay results from its Picachos copper project in Chile including an exceptional intersection of 117m of plus 1.1% copper. The company said that assay results from stage II drilling continue to provide impressive results with diamond hole DD14003 encountering 117m at […]

Serabi Gold corporate update video

Serabi Gold’s latest corporate update video from its Palito gold mine has been issued today and is available for viewing on its website at www.serabigold.com or at: http://www.brrmedia.co.uk/event/133285?popup=true At 1:05pm: (LON:SRB) Serabi Mining PLC share price was +0.01p at 3.63p Story provided by StockMarketWire.com

Mining Sector: Alba and Regency buoyed by Horse Hill-1 estimates

Alba Mineral Resources (LON:ALBA) and Regency Mines (LON:RGM) were two of the sector’s biggest risers after they confirmed significant increased estimates at the Horse Hill-1 discovery. They said that that following the analysis and integration of subsurface data from the discovery well, the calculated estimates of the discovered most likely gross oil initially in place […]

SolGold placing raises £1m

SolGold has raised around £1m, gross, through a placing of 33,591,828 new ordinary shares at 3p apiece with institutional and other investors. The Placing was managed and completed by SP Angel Corporate Finance LLP and GMP Securities Europe LLP. The proceeds will be used for the continued exploration of the company’s Cascabel project in Ecuador […]

Alba reveals increased estimates at Horse Hill-1

Alba Mineral Resources has confirmed significant increased estimates at the Horse Hill-1 discovery. Alba says that following the analysis and integration of subsurface data from the discovery well, the calculated estimates of the discovered most likely gross oil initially in place within the overall Upper Portland sandstone conventional reservoir in the HH-1 and Collendean Farm-1 […]

Central Rand Gold fundraising

Central Rand Gold is raising £1.02m through a placing of 5,000,000 new ordinary shares and the offer for subscription of 5,200,000 new ordinary shares at 10p apiece. Additionally Redstone Capital Limited is exercising 1,800,000 warrants over 1,800,000 ordinary shares at 8.78p per ordinary share. The funds from the placing, subscription and the exercise of the […]

CoAL’s Mooiplaats sale delay

The sale of Coal of Africa’s Mooiplaats Colliery will be delayed. CoAL announced on 6 November that Blackspear Capital had agreed terms with a financial and operational partner to fund Blackspear’s acquisition of the Mooiplaats. However, the due diligence being performed by Blackspear’s partner, which was expected to be completed by the end of November, […]

Mining Sector: Altona Energy up on ‘exciting progress’

Altona Energy (LON:ANR) was one of the sector’s biggest risers after shareholders at the annual general meeting were told that the company was undergoing an evolution which saw it moving away from being a passive partner in the Arckaringa project. Executive chairman Michael Zheng will say: “We are very excited with the progress the Company […]

Mining Sector: Alexander plunges as AmmLeach option lapses

Alexander Mining’s (LON:AXM) shares plunged after it confirmed that a mid-tier mining company’s option on the AmmLeach zinc processing technology has lapsed. The mining company was granted an exclusive three months’ option period to complete due diligence on technology in September. Alexander said it had been told by the company that decision not to exercise […]

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