DGR Global’s share price jumped nearly nine per cent this week after the company delivered a JORC resource on material contained within a tailings dam at its Shamrock project in Queensland, Australia. The mineral resource estimate is comprised of 767,063 dry tonnes of material grading 0.58 grams per tonne gold and 11 grams per…
By Alastair Ford “We closed off on Monday on the US$10 million financing”, says Jeremy Martin, the chief executive of Horizonte Minerals. “It was a good achievement. Sixty per cent of the money came from Canada, from new institutions in Canada. So now we’ve got stock in the market over there we can market over…
Hole 7 at Solgold’s Cascabel project in Equador has now terminated at a depth of 1672.76 metres. Before the drill stopped turning however, the company encountered substantial intersections of copper-gold mineralized material on the southwest edge of the Central Magnetic Feature at a depth of just over 570 metres. The company also hit visible copper…
At Connemara Mining’s recent AGM, chairman John Teeling shared his optimistic outlook for zinc and gold exploration in Ireland. Connemara’s strategy is to identify highly prospective ground for zinc and gold exploration in Ireland, one of the world’s premier regions for zinc mineralization, and bring in joint venture partners to push exploration ahead. The market…
Yesterday morning Xcite Energy tested a low of 73.5p, a 52 week low, before reversing sharply and finishing the day up 9p or 11% at 90.5p. Volume was strong with nearly 9.6 million shares traded. The previous low for the year was 78p set in December 2011. Since then the company has upgraded its P2…
Another disappointing well result this week after the Chariot Oil and Gas bombshell, this time from Somalia’s somewhat aptly named Puntland region! Operator of the Shabeel well, Horn Petroleum Corp listed on the Canadian TSX, provided an update yesterday. The prospect is jointly owned by Red Emperor (20%) and Range Resources (20%) as well as…
Japan’s Q1 GDP has come in ahead of expectations at 1%, compared with 0.1% in the fourth quarter of 2011. The growth was partly driven by infrastructure spending relating to the reconstruction efforts in the Tsunami area and consumer incentives to buy fuel efficient cars. In contrast, the Bank of England downgraded UK growth from…
There have been some interesting share price movements in recent weeks in African focused oil and gas explorer, Chariot Oil & Gas. No accusations of corse, but the price movement the week before this weeks well result RNS is telling perhaps about leaks in AIM oil companies before news or perhaps it is just conincidental with…
WTI crude oil went below $93 a barrel yesterday and Brent crude oil dropped to $110 a barrel. In early February, WTI crude was trading above $110 a barrel, so the price has dropped an astonishing 15% in the last 3 months or so. Gold is trading at $1536, compared with $1612 at the beginning…
The fallout from the Greek election result continues unabated,with riskier assets continuing to be sold off and safe havens such as US Treasury bonds, UK gilts and the US dollar in demand. The euro continues its decline as an exit for Greece from the eurozone seems more likely than ever. With Greek politicians unable to…
