Landore Resources Limited (LON:LND) saw its shares surge on Wednesday after it said its infill drill programme discovered “widespread gold mineralisation” between the BAM East and BAM gold deposits at its Junior Lake property in Ontario.
The AIM-listed miner said it had drilled every 100 metres from 1200E to 1900E in the 900-metre gap between the BAM East Gold Deposit and the original BAM Deposit, and had intersected widespread gold mineralisation within a similar lithological package to the two deposits with multiple instances of visible gold
Landore also reported full-year results on Friday, and Bill Humphries, chief executive. said then:“The fact that BAM gold mineralisation delineated to date remains open both to the East and West and down dip/plunge clearly demonstrates this discovery's huge potential."
W Resources PLC (LON:WRES), the tungsten, copper and gold exploration and development company, was also a feature on Friday after it said the development of its La Parilla asset is well-timed.
During the course of 2017, European ammonium paratungstate (APT) rose by more than 60% to current price levels, creating very solid market conditions to bring W Resources' tungsten mines on stream, the company noted in its full-year results statement.
Meanwhile, on Thursday, NQ Minerals PLC (AQSE:NQMI) (OTCQB:NQMLF) said it expects its flagship Hellyer tailings project to transform the Australia-based exploration and mining company into a near-term producer during 2018.
Reporting results for the full-year ended 31 December 2017, NQ said the refurbishment process of the project is now well past the halfway mark, and all critical components, manufactured equipment and replacement parts have been ordered along with the required labour to move the project into production.
Ariana Resources plc (LON:AAU) was a focus after it announced a Joint Ore Reserves Committee resource update for the Kepez prospect, which is part of the Red Rabbit joint venture.
The new estimate represents a roughly 270% increase on a gold-only basis from the previous estimate of around 8,800 oz gold.
Mining and natural resources investor Metal Tiger PLC (LON:MTR) released results for what it described as “a year of great progress”.
In the statement, for the 12 months ended December 31, the company highlighted investment gains of £5.45mln (including both realised and unrealised), and, it increased net cash by £1.45mln.
Elsewhere, Strategic Minerals PLC (LON:SML) (USOTC:SMCDY) said its wholly-owned subsidiary, Southern Minerals Group (SMG), operator of the Cobre magnetite stockpile in New Mexico, has agreed in principle a future plan for supply arrangements with its largest customer.
The AIM-listed firm noted that SMG’s client continues to progress its applications for environmental planning but has not, as yet, received approval.
Greatland Gold PLC (LON:GGP) told investors that it is set to secure a licence, after it won a government conducted ballot.
The company’s licence application now takes preference, and, the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) has recommended the licence to be granted to the company.
And Rambler Metals and Mining PLC (LON:RMM) said it saw a sharp uptick in copper production in April following completion of a new ventilation system at the Ming mine in Newfoundland.
Ventilating problems affected production in the three months to March, with revenues of US$6.2mln compared to US$8.4mln in the previous quarter and US$5.7mln a year ago.