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Exploration News

International Frontier formalises partnership with Mexican govt over Tecolutla JV

By: Henry Lazenby     Updated 6 hours ago TSX-V-listed International Frontier Resources (IFR) announced Friday that Tonalli Energia met all the terms and conditions and signed a license contract with the Mexico Comision Nacional de Hidrocarburos (CNH) for the Onshore Oil and Gas Development Block 24 (Tecolutla), granting Tonalli the... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

By: Henry Lazenby     26th August 2016 The Vancouver- and Santiago-based teams of junior explorer Wealth Minerals has since February put together the largest brine property package in Chile of any junior mining company in the hopes of capitalising on the rising tide of the energy metal. On Wealth’s team is Marcelo Awad, a former... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

Govt cofunding boost for Marindi project

By: Creamer Media Reporter      26th August 2016 The Caranbirini zinc/lead project, which ASX-listed Marindi Metals is developing in the Northern Territory, has received A$100 000 in cofunding from the federal government for exploration activities, including geophysics and analysis of historical drill-holes. Caranbirini is near Glencore’s... 

Former director of Minotaur JV partner charged for insider trading

By: Creamer Media Reporter      26th August 2016 A former director of Golden Fields Resources, which was a joint venture (JV) partner with ASX-listed explorer Minotaur Exploration at the Eloise copper project, in Queensland, has been charged with two counts of insider trading. The Australian Securities and Investments Commission (Asic) alleges... 

Noront expands RoF land-holdings, outlines exploration and development strategies

By: Henry Lazenby     26th August 2016 Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction,... 

A$21m fundraising advances Tanlouka camp construction

     26th August 2016 Having received commitments to raise about A$21-million through a placement of 70-million shares at a price of A$0.30 a share, Perth-based gold company West African Resources can continue to rapidly progress its Tanlouka gold project. The placement proceeds will be used to start early civil... 

A$21m fundraising advances Tanlouka camp construction
ON TRACK The Tanlouka gold project feasibility study is on track to be completed in the fourth quarter

Drones offer significant benefits for mine surveying and analysis

By: Dylan Slater     26th August 2016 The remotely piloted aircraft systems (RPAS) industry is growing at a staggering rate and such systems are increasingly being taken up by mining companies as a tool to manage their assets, operations and land.  

Drones offer significant benefits for mine surveying and analysis
Photo by Dylan Slater
AERIAL OPPORTUNITY Remotely piloted aircraft systems open the doors to numerous opportunities for the mining industry

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports

By: Dylan Slater     26th August 2016 According to consulting engineers and scientists SRK Consulting South Africa, the fact there are signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities it missed in the last... 

SA urged to grasp opportunities afforded by platinum and gold resurgence, rising coal exports
MARCIN WERTZ Strong leadership is vital to ensure the next mining upturn can be capitalised upon

Fission finds more uranium to the west of PLS’s Triple R deposit

By: Henry Lazenby     25th August 2016 Explorer Fission Uranium has found uranium pathfinder elements and strong radioactivity in two new drill holes completed to the west of the western-most deposit at the Patterson Lake South (PLS) project, in Canada’s Athabasca basin. The Kelowna, British Columbia-based junior on Wednesday... 

Liquidation order against Platfields set aside

     24th August 2016 The High Court of South Africa has set aside a provisional liquidation order against JSE-listed Platfields. The company on Wednesday said it, however, remained in settlement negotiations with the company that had implemented the liquidation proceedings against it. 

Redstar’s stock spikes as Eric Sprott takes 12.1% stake

By: Henry Lazenby     24th August 2016 The TSX-V-listed stock of North America-focused exploration firm Redstar Gold spiked by as much as 30% on Tuesday, after precious-metals heavyweight investor Eric Sprott agreed to take a 12.1% stake in the company. Sprott (71), a renowned and respected leader in the investment community, is one... 

Eldorado diversifies exploration portfolio

By: Henry Lazenby     23rd August 2016 Canadian gold producer Eldorado Gold has added four new exploration properties located in Romania, Serbia and Brazil to its portfolio, the miner said on Monday. Eldorado VP of of exploration Peter Lewis said the company was excited by the addition of the projects, since they all included defined... 

KWG and Chinese engineering group move ahead with RoF rail feasibility study

By: Henry Lazenby     23rd August 2016 Junior exploration firm KWG Resources has appointed a China-based consulting engineering group to undertake a conditional bankable feasibility study (BFS) on a proposed railroad from the mineral properties in Ontario's Ring of Fire (RoF), to a junction with the CN Railroad at Exton, Ontario. KWG... 

Mining lobbyists urge Canada to once more take global mining lead 

By: Creamer Media Reporter      22nd August 2016 Canada’s mining lobbies have outlined seven top priorities at the 73rd Energy and Mines Ministers’ Conference currently underway in Winnipeg, Manitoba, urging federal and provincial leadership to take action to regain Canada’s former title as the top mining destination in the world. The Canadian... 

Energizer starts FEED study on Molo project as Dundee becomes largest stakeholder

By: Henry Lazenby     22nd August 2016 There is progress at Energizer Resources’ Molo project after the company announced last week that a Dundee affiliate had become the largest shareholder at just under 20%, enabling Energizer to initiate a front end engineering design (FEED) study. Goodman & Company, Investment Counsel, one of... 

Gold mining not spending enough to sustain industry into future – Holland

By: Martin Creamer     22nd August 2016 The gold mining industry is not spending enough to sustain the industry into the future. Slowed primary gold supply growth is making a case for the belief that the industry may be close to hitting a peak in production amid slower exploration spend and a virtual halt to new projects. 

Gold mining not spending enough to sustain industry into future – Holland
Photo by Duane Daws
Gold Fields CEO Nick Holland

Fission’s PLS discovery grows as it connects westernmost deposits

By: Henry Lazenby     19th August 2016 Uranium explorer Fission Uranium has connected the westernmost deposits of the Patterson Lake South (PLS) project, host to the Triple R deposit in Northern Saskatchewan. The explorer on Thursday announced the results from the summer drilling programme for the final eight drill holes on the R840W... 

TomaGold secures 39.5% stake in Goldcorp’s Sidace Lake property

By: Henry Lazenby     19th August 2016 Junior exploration company TomaGold has acquired a 39.5% stake in Goldcorp’s Sidace Lake property. "This is a great transaction for TomaGold, as we are acquiring an interest in a gold mineralised system with tremendous potential. The property has National Instrument (NI) 43-101 indicated and... 

Thor completes transformational acquisition of Nigerian gold project

By: Henry Lazenby     19th August 2016 Vancouver-based exploration junior Thor Explorations has closed a transformational acquisition of the Segilola gold project, considered the most advanced gold project in Nigeria. According to the TSX-V-listed company, the project holds a compliant indicated mineral resource of 555 000 oz at a... 

Company looks to strengthen position

By: Nadine James     19th August 2016 Despite the current depressed commodities market, Certified Reference Materials (CRMs) producer African Mineral Standards (AMIS) has had a successful year and intends to continue to strengthen its position as a market leader in order to maximise its growth once the market improves. As part of its... 

Company looks to  strengthen position
SIGNIFICANT STOCK AMIS stocks a wide range of certified reference material which are sourced from naturally occurring raw materials worldwide

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Drilling reveals high-grade zinc/copper at Prieska project

By: Mia Breytenbach     19th August 2016 ASX-listed Orion Gold has made a “strong start” to its maiden drilling programme at the Prieska Copper (PC) zinc/copper project, in the Northern Cape, with initial assays including grades of up to 21.7% zinc and 7.5% copper confirming and enhancing historical results. The PC mine, a key part of... 

Drilling reveals high-grade zinc/copper  at Prieska project
Photo by Bloomberg
HISTORICAL PERFORMANCE The Prieska Copper mine has a recorded historical production of 0.43-million tonnes of copper

Mining code aimed at helping countries attract investment launched

By: Dylan Slater     19th August 2016 Towards the end of July, the World Initiative of Mining Lawyers (WIOML) launched a mining code that is aimed at guiding countries in attracting investment while securing fair benefits from mineral exploitation within their borders.  

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Political risk, poor infrastructure and lack of geodata stymying African exploration

By: Jade Davenport     19th August 2016 It is an age old adage that when the mining industry enters a slump exploration budgets, particularly those designated for greenfield activities, are the first to be curtailed. This has certainly been reiterated over the last few years as the drastic slump in commodity prices and, consequently,... 

Political risk, poor infrastructure and lack of geodata stymying African exploration

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner 

By: Henry Lazenby     18th August 2016 A more than 40% increase in the price of vanadium pentoxide (V2O5) since December lows is invigorating the industry, just as it is poised to see significant new demand for the steel-strengthening ingredient coming from the increasing adoption of vanadium-redox flow batteries (VRBs). The commodity... 

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner
Photo by Largo Resources
Vanadium from Largo Resources' Maracas Menchen vanadium mine, in Brazil

Forsys lifts private placement to $660 000, on track for 76% cost reduction by 2017

By: Henry Lazenby     18th August 2016 Uranium project developer Forsys Metals has increased the amount of a private placement announced on Monday by a further $120 000 to $660 000, after it received additional interest from existing and new subscribers. The placement price has also been revised upwards by a cent to $0.06 a unit. Each... 

Shanta reports ‘robust’ H1 financial performance, maintains FY guidance

By: Mia Breytenbach     17th August 2016 Aim-listed Shanta Gold increased its gold production to 48 237 oz in the first half of this year, up from the 28 180 oz produced in first half of 2015. This enabled Shanta to maintain its production guidance for the full year at 82 000 oz to 87 000 oz, with production expected to be towards the... 

Osisko Mining options portfolio of Quebec-based James Bay exploration properties

By: Henry Lazenby     16th August 2016 Project consolidator Osisko Mining has taken an option to earn 100% of a prospective portfolio of exploration properties located in Quebec’s James Bay and Labrador Trough areas from fellow TSX-listed streaming firm Osisko Gold Royalties. Under the terms of the agreement, Osisko Mining can earn... 

Sparton scoops up group of inactive VRB manufacturing companies

By: Henry Lazenby     16th August 2016 Canadian firm Sparton Resources has bought a group of currently inactive vanadium-redox flow battery (VRB) manufacturers for $3.3-million, the company announced Tuesday. The Toronto-headquartered company said that its subsidiary VanSpar Mining (VMI) had on August 8 signed a share purchase... 

Vital raises A$1m to step up activities in West Africa, Australia

By: Samantha Herbst     16th August 2016 ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project, in Burkina Faso, to in-fill and extend high-grade gold mineralisation. The proceeds will also be... 

BHP plunges into the red with $6.4bn loss

By: Natasha Odendaal     16th August 2016 One of the world’s largest mining companies, BHP Billiton, has posted a $6.4-billion full-year loss on weaker commodity prices, offshore US asset impairments and the Samarco dam failure. Speaking to journalists during a global conference call on Tuesday, CEO Andrew Mackenzie said the  financial... 

BHP plunges into the red with $6.4bn loss
Photo by Bloomberg
BHP Billiton CEO Andrew Mackenzie

Cash-strapped Nautilus to lay off workers, cancel contracts for delayed Solwara 1 

By: Henry Lazenby     16th August 2016 Despite having $51.3-million in its coffers as at the end of June, marine mining pioneer Nautilus Minerals on Monday announced that it would implement several measures aimed at preserving the company’s capital position while it seeks to secure further project financing. The TSX-listed company... 

Cash-strapped Nautilus to lay off workers, cancel contracts for delayed Solwara 1

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign

By: Henry Lazenby     16th August 2016 New lithium explorer Advantage Lithium (formerly known as North South Petroleum) is preparing to launch a drilling campaign within three to four weeks on highly prospective targets in Nevada, located a stone's throw away from North America’s only producing lithium mine. This, together with an... 

Advantage Lithium to take first-mover lead as it readies for imminent Nevada drill campaign
Photo by Advantage Lithium
Advantage Lithium's portfolio includes the Clayton NE project that borders Albemarle’s Silver Peak property – the only lithium brine mine in North America

Eastplats appoints president, CEO to board

By: Henry Lazenby     15th August 2016 Platinum-group-metals-focused Eastern Platinum (Eastplats) on Monday advised that it had appointed president and CEO Diana Hu to its board following the resignation of Peter Clausi. Hu, said to have 20 years’ experience in the global mining and metals industry, was last week appointed as CEO. 

India earmarks $530m for aerial survey of deep-seated mineral resources

By: Ajoy K Das     15th August 2016 The Indian government will spend $530-million over seven years to conduct aerial surveys across 800 000 km2 of “obvious geological potential”. The Mines Ministry in March 2016 appointed an advisory consultant and based on its report, it is seeking an international agency to conduct the... 

Streamer Ely Gold to buy Nevada, BC gold royalties

By: Henry Lazenby     12th August 2016 Junior gold streamer Ely Gold & Minerals has agreed to buy certain royalty interests from Till Capital subsidiaries Golden Predator US Holdings and Resource Re for $75 000. The transaction will give Ely subsidiary Nevada Select Royalty a 2% net smelter return (NSR) royalty on Resource Re’s Uduk... 

IronRidge sets sights on Chad after Tekton deal

By: Natasha Odendaal     12th August 2016 Aim-listed IronRidge Resources has secured a first-mover advantage over a potential major new gold discovery in Chad after entering into a conditional share subscription agreement with private Singapore-registered company Tekton Minerals. The Africa- and Australia-focused mineral exploration... 

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