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ARV Artemis Resources
12 May 2021
Capital Raise to Accelerate Drilling Campaign
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02373914
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02373921
.............................
ARV 10.5c up 9.3 %
https://hotcopper.com.au/threads/ann-10m-capital-raise-to-accelerate-drilling-campaigns.6055454/
SFR 7.80 up 2.9% <><>CBE 17 up 3%
.............................

Metal Tiger's Kalahari holding begins drilling in Botswana
Tue, 11th May 2021 12:21
(Sharecast News) - Natural resources investor Metal Tiger updated the market on its Botswana copper-focussed explorer Kalahari Metals on Tuesday, in which it currently holds a 50.01% interest, with Cobre holding the remainder.

The AIM-traded firm said drilling had now started on the Kitlanya East (KIT-E) project area in Botswana, following the successful mobilisation of both the reverse circulation (RC) and diamond core (DC) drilling rigs to site.

It said the joint venture board of KML had approved a "major" new drilling programme focussed on the discovery of copper and silver deposits on the Kalahari Copper Belt.

The drilling programme was targeting structurally-controlled trap-sites for prospective copper-silver deposits, identified in airborne electromagnetic and detailed magnetic geophysics, soil sampling and stratigraphic drilling, which shared commonalities to the Sandfire Resources T3 and A4 deposits located immediately north of the KIT-E project boundary.

It said the KIT-E drill programme would include stratigraphic DC drilling of around 800 metres into the core of the 'Perseverance Prospect', designed to test for prospective lower D'Kar Formation stratigraphy, alteration, mineralisation and the potential underlying mineralised reduction-oxidation contact with the Ngwako Pan Formation.

The programme would also feature focussed RC drilling of about 4,000 metres, designed to test for mineralisation associated with several structurally-controlled targets starting at the 'Endurance Prospect'.

"We are very pleased to report that following the efficient mobilisation of equipment and personnel to the KIT-E project site, drilling has now commenced at the start of an exciting new drilling programme, focussed on the discovery of new copper/silver deposits, located in close vicinity to existing mine infrastructure, which is currently under construction and commissioning, in the Kalahari Copper Belt," said Metal Tiger chief executive officer Michael McNeilly.

"This drilling program will significantly enhance our understanding of the Kit-E licence area and drive significant value for shareholders.

"We are hopeful that this work will continue Metal Tiger's successful track record investing in copper discoveries in Botswana and we look forward to sharing further updates and results as the programme progresses."

At 1609 BST, shares in Metal Tiger were down 1.22% at 26.67p.

Palladium One Mining Inc V.PDM

Palladium One Intersects 2.1 g/t Pd_Eq over 38 Meters in the Lower Zone and Expands the Upper Zone at Kaukua South, Finland ---- Newsfile 14 minutes ago

Toronto, Ontario--(Newsfile Corp. - May 11, 2021) - Drilling continues to intersect impressive widths and grades of Platinum Group Elements ("PGE") including 38 meters at 2.1 g/t Palladium equivalent ("Pd_Eq") (Hole LK21-062) in the Lower Zone at Kaukua South, on the Läntinen Koillismaa ("LK") PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or the "Company") today. Drilling has also expanded the strike length of the Upper Zone having intersected robust mineralization which returned 51 meters @ 0.9 g/t Pd_Eq (Hole LK21-064).

46 holes (9,469 metres) have been drilled as part of the 17,500-meter Phase II Resource Definition drill program at Kaukua South, including today's results 34 have been released, while results for 12 holes await assays. Additionally, assay results are pending for 12 drill holes at the Haukiaho Zone, where the Company completed infill drilling in advance of a NI43-101 resource estimate. Drilling is currently in hiatus for the spring thaw and is schedule to resume in later May.

When drilling resumes the intent is to target open pit resource definition of the Lower mineralized zone (down to 300 meters) on the western side of Kaukua South, and to extend mineralization immediately south of the existing Kaukua NI43-101 Open Pit constrained resource estimate.

"Our understanding of an Upper Zone of mineralization continues to expand and so does our realization that it could add a significant amount of resources to the planned NI43-101 resource estimate.

The Upper Zone lies in the hanging wall of the high-grade Lower Zone which has been the primary focus of the Phase II drill program.

The Upper Zone's position could have a significant positive economic influence on the any future open pit scenario; and as evidenced by hole LK21-064 it can locally carry substantial grades," said Derrick Weyrauch, President and CEO.

Highlights

Results to date are highly encouraging and show a clear path toward a maiden open pit resource at Kaukua South.
Drilling demonstrates significant continuity of open pit grades and widths in both the Upper and Lower Zones at Kaukua South.
2.06 g/t Pd_Eq over 37.9 meters in hole LK21-062 (Lower Zone)
1.22 g/t Pd_Eq over 70.5 meters in hole LK21-064 (Lower Zone)

Drilling in Kaukua south has consistently returned grades and widths, over 2 kilometers of strike length, similar to those in the Kaukua NI43-101 Open Pit constrained resource estimated immediately to the northwest. more .....

https://stockhouse.com/news/press-releases/2021/05/11/palladium-one-intersects-2-1-g-t-pd_eq-over-38-meters-in-the-lower-zone-and

ENERGY page 30

In a notice published yesterday,
April 19, Victoria Oil & Gas (VOG),
announces that a settlement agreement was reached with electric
utility ENEO concerning its longstanding case with Gaz du Cameroun
S.A. («GDC»). «On 16 April 2021, GDC
signed a settlement agreement with
Eneo which will result in the payment
of the gross amount to GDC, within 30
days of the signing, of approximately
2.74 billion FCFA (Central African
CFA franc: circa US$5 million). This
settlement relates to the Take-orPay invoices for October, November,
and December 2019 plus associated
interest (…) The payment to GDC will
represent full and final settlement for
all amounts invoiced to Eneo,» VOG
writes.
«We are very pleased to have settled
another legacy issue without recourse
to time-consuming and expensive
litigation or arbitration, as such legal
costs have been crippling the company
in recent years. Arbitration would be
under Cameroonian law and could
take several years,» commented Roy
Kelly, VOG CEO.
Recently, during an interview with
Business in Cameroon, ENEO CEO
Eric Mansuy indicated that his
company’s dispute with GDC was
being settled amicably. However, he
provided no additional details.
The dispute came to public attention with a note published on July
3, 2020, by VOG. In the note, VOG
announced the termination of its
gas supply contract [ for operations
at the 50MW Logbaba power plant]
with electric utility Eneo. The British
oil and gas operator also threatened
to take legal action if the electricity
producer did not pay the XAF9.3 billion in unpaid bills it was still owing
by end of June 2020. Meanwhile, for
most of the stated period, GDC never
supplied ENEO.
«It should first be noted that this dispute is not about invoices, but about
the conditions for gas supply resumption and electricity production at the
Logbaba site. This is what the dispute
is all about,» Eric Mansuy explained
during an interview at the time.
«Let me tell you, generally, in the
electricity sector, disputes are settled
amicably, with public authorities’
assistance usually. Gaz du Cameroun’s
approach, in this case, is in stark
contrast with the usual practices because we must all ensure that the sector is developed,» said Eric Mansuy.
The April 16, 2021, agreement shows
that Eric Mansuy succeeded in
bringing GDC management to the
negotiating table.

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