Page 600 - Small Caps News Today

Aurania: Dynamics dramatically altered by upsurge in gold price Mining expert Christopher Ecclestone talks to Proactive London about Aurania (CVE:ARU- OTCQB:AUIAF) after his initiation of coverage just under a year ago, now taking a look at Auranias exploration programme and the recognition of this new district due to the successes of near neighbours such as Solaris. He says the dynamics have been dramatically altered by the upsurge in the gold price in 2020 and the copper price in 2021. And ma...

Carnavale Resources completes purchase of Barracuda Platinum-Palladium-Nickel-Copper Project The company has been granted ministerial consent for the transfer of the licence, which is around 60 kilometres east of Mt Magnet. $2.1 million was raised in a placement to complete the purchase and fund initial exploration. Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has been granted ministerial consent for the transfer of 100% of the Barracuda Platinum-Palladium-Nickel-Copper Project near...

Queensland Pacific Metals upscales SPP to $5 million due to overwhelming demand The company received $10.6 million in valid subscriptions for the proposed $3 million SPP leading to the decision to upscale. Funds will be used for initiatives that will assist in accelerating the TECH Project. Queensland Pacific Metals Ltd (ASX:QPM) has upscaled its share purchase plan (SPP), which closed early on April 14, to $ 5 million following an overwhelming response from its shareholders. The co...

The short to medium term focus will be on maturing this asset further to commercialisation, analysts said Union Jack Oil PLC (LON:UJO) was given a reiterated ‘strong buy’ recommendation from broker SP Angel after it said well testing operations are expected to begin in May. Keeping its price target at 176p, the broker said analysis of the recent drilling campaign gave investors “clear line of sight” on the much-anticipated extended well tests on both the WNB1Z and WNA-2 appraisal wells....

Tietto Minerals highlights further high‐grade infill drill results from APG deposit Tietto Minerals Ltds (ASX:TIE) Mark Strizek talks Proactives Andrew Scott through further high‐grade gold results theyve announced from infill drilling at the Abujar‐Pischon‐Golikro (APG) deposit - part of its 3.02 million ounce Abujar gold project in Côte d’Ivoire. The 40,000 metre program is ongoing which is targeting the upgrade of inferred resources outside of the recently declared AG ore reserve...

K2flys Brian Miller updates on record March quarter and strongly supported A$7.25 million raise K2fly Ltds (ASX:K2F) Brian Miller speaks to Proactives Andrew Scott soon after announcing theyve completed a strongly supported share placement to raise A$7.25 million. He says the raise was supported by new high-quality institutional investors and sophisticated investors with specific experience and knowledge in the resources sector. Quick facts: K2fly Ltd Proactive NO INVESTMENT ADVICE The Company ...

Filta Group adds new customers, says encouraging trends continue in 2021 The board is not recommending the payment of a dividend at the moment but expects to be able to resume the payment of dividends in respect of 2021 if market conditions continue to improve. Stadia are among Filta Groups biggest customers Filta Group Holdings PLC (LON:FLTA) said it added 935 and 750 new customers in the US and UK respectively in 2020 despite the Coronavirus (COVID-19) pandemic. The kitchen serv...

Fury Gold Mines sees strong potential to expand the current resource at Eau Claire with new drill results hitting high-grade gold The company intersected 59.3 g/t gold over 1 metre and 8.9 g/t gold over 3 metres just east of the current resource The deposit contains an inferred resource of 204,000 ounces grading 11.8 g/t gold at a 2.5 g/t cut-off grade Fury Gold Mines Limited (TSE:FURY) (NYSEAMERICAN:FURY) (FRA:AUN1) released additional results from its drill program at its Eau Clai...

Ironridge Resources increase scale of ongoing drill programme at the Ewoyaa Lithium Project Mining analyst Ryan Long presents his research on Ironridge Resources (LON:IRR). Long explains the increased scale of its ongoing, Phase Four, drill programme at the Ewoyaa Lithium Project, located in Ghana, following excellent initial results. He details the reverse circulation (RC) drill programme which is focused on testing several targets that have not previously been drill tested. Price: 21.8 G...

IronRidge is also working up a highly attractive gold project in Cote DIvoire IronRidge Resources Ltd (LON:IRR) reported additional high-grade lithium pegmatite drill intersections, including multiple drill intersections over 2% lithium oxide, at new targets adjacent to the Ewoyaa lithium project in Ghana. IronRidge has already defined a JORC compliant mineral resource estimate of 14.5mln tonnes at 1.31% lithium oxide (Li2O) in the inferred and indicated categories. Among the highlights from t...