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Exploration News

NexGen closes $110m financing, appoints new board member

By: Henry Lazenby     21st July 2017 Uranium explorer NexGen Energy has successfully closed a $110-million financing with Hong Kong-based CEF Holdings (CEF) and affiliates of its shareholders, comprising $50-million of common shares and $60-million principal amount of unsecured convertible debentures. Under terms of the financing,... 

Atlantic Gold updates Fifteen Mile Stream, Cochrane Hill resource estimates

By: Henry Lazenby     21st July 2017 TSX-V-listed Atlantic Gold has updated the compliant mineral resource estimates for its 100%-owned Fifteen Mile Stream and Cochrane Hill gold deposits, Nova Scotia. The company has in June completed resource definition drilling programmes on 25 m x 20 m centres with the objective of upgrading... 

Prophecy picks-up fourth vanadium play this year

By: Henry Lazenby     21st July 2017 Canadian project developer Prophecy Development Corp has agreed to acquire rights to a fourth vanadium project – it’s second this month. The Vancouver-based project developer has entered a binding letter agreement with Fairmont Resources to acquire the fully permitted Buttercup... 

Deflector holds potential for new orebody – Doray

By: Mariaan Webb     21st July 2017 Western Australian gold miner Doray Minerals is in the early stages of potentially defining a new orebody at its Deflector mine, MD Leigh Junk said on Friday, as the company reported the results of follow-up drilling at Deflector North. Junk reported that the company had encountered “bonanza... 

Newcrest pours money into WA explorer to search for gold projects

By: Creamer Media Reporter      21st July 2017 Australian gold major Newcrest Mining will provide A$500 000 in funding to exploration company Encounter over the next 12 months to look for projects in northern Western Australia. The companies on Friday announced their project generation alliance, which will use Encounter’s project team to... 

Northern Superior returns exploration focus to TPK

By: Henry Lazenby     21st July 2017 Exploration junior Northern Superior Resources has initiated engagement protocols under its early exploration benefits agreement with the Neskantaga First Nation in parallel with its plans to restart exploration activities on its 100%-owned Ti-pi-haa-kaa-ning (TPK) project, in north-western... 

Sarama a step closer to receiving title to key Burkina Faso-based Bondi project

By: Henry Lazenby     21st July 2017 TSX-V-listed Sarama Resources on Thursday announced that the Burkina Faso Ministry of Mines and Quarries has issued an invoice, and Sarama has paid, for the transfer of the Djarkadougou exploration permit, which is host to the Bondi deposit. It is a critical part of Sarama’s growth strategy in... 

Canada’s First Cobalt hoping to seal DRC exploration deal by next month

By: Mia Breytenbach     21st July 2017 Cobalt asset group First Cobalt aims to close the transaction of a strategic alliance for a 70% interest in seven prospective copper/cobalt exploration properties in the Democratic Republic of the Congo (DRC) by next month and progress exploration in one of the world’s “high-reward cobalt... 

Canada’s First Cobalt hoping to seal DRC  exploration deal by next month
PROPERTY PROSPECTS The seven properties cover 190 km2 on the Central African Copperbelt, in Katanga, all with known surface mineralisation

Chinese group increases stake in Moz graphite project

By: Keith Campbell     21st July 2017 Chinese company Shandong Tianye Mining has invested a further $1.23-million into Australian junior Triton Minerals, buying shares (in a placement by Triton) at a price of $0.048 per share, Proactive Investors has reported. Shandong Tianye Mining was already the largest shareholder in the... 

Geophysical techniques touted as ideal for alluvial diamond exploration

By: Ilan Solomons     21st July 2017 Ground geophysical surveys have been carried out by the Council for Geoscience (CGS) on a farm that hosts an alluvial diamond mining operation near Schweizer-Reneke, in the North West. The North West is host to what were previously known as the Southwestern Transvaal diamond fields. The surveys... 

Geophysical techniques touted as ideal  for alluvial diamond exploration
Photo by Steyn Diamante
IN SEARCH OF ALLUVIALS The surveys was intended to assess the effectiveness of geophysical techniques for alluvial diamond exploration

Lack of confidence in black businesses cripples development

By: Nadine James     21st July 2017 Materials handling and alternative mining solutions expert Ncamiso Mining is expanding its presence in Welkom, where it sees strong potential to grow and support local black-owned and black economic-empowerment (BEE) entities across the various needs of their operations in the area. However,... 

Lack of confidence in black businesses cripples development
SYMBIOTIC RELATIONSHIP The sharing of knowledge and experience would prove invaluable to black-owned companies and, ultimately, benefit all the businesses in the mining sector

Zim lithium, tantalum prospect returns ‘excellent’ test results

By: Ilan Solomons     21st July 2017 Diversified exploration and mining company Premier African Minerals reported “excellent results” from the initial metallurgical testwork study, which was completed by German materials testing and analysis company Dorfner Anzaplan on its wholly-owned Zulu lithium and tantalum project, in Zimbabwe... 

Zim lithium, tantalum prospect returns ‘excellent’ test results
LITHIUM LIKING The best flotation testwork on spodumene pegmatite achieved an overall lithium recovery of 81.8% and a concentrate containing 6.5% lithium oxide

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'

By: Samantha Herbst     20th July 2017 An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the proposal might inflict on the embattled mining sector and because, according to the chamber’s legal team,... 

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'
Law firm Webber Wentzel partner Jonathan Veeran

Sharp Pan African gold production rise on way

By: Martin Creamer     20th July 2017 Gold-mining company Pan African Resources is looking forward to a much improved performance in 2018 with a substantial increase in gold production. The group’s gold production guidance for the financial year ending June 30, 2018, is 190 000 oz-plus, a 10% increase on 2017 gold production. 

Sharp Pan African gold production rise on way
Photo by Duane Daws
Pan African CEO Cobus Loots

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Diamond output leap helps Anglo
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Dalradian surface drilling programme to enhance Curraghinalt project

By: Creamer Media Reporter      20th July 2017 Gold explorer and developer Dalradian Resources has started a 30 000-m surface drilling programme at its Curraghinalt project, in Northern Ireland, as part of its 2017 exploration programme. Five drill rigs were currently operating, the company reported on Thursday. 

Blueprint for Queensland’s North West minerals province welcomed

By: Esmarie Swanepoel     20th July 2017 The Association of Mining and Exploration Companies (AMEC) has welcomed the Queensland government’s release of a blueprint for the North West minerals province, which contains a suite of actions to secure the long-term future of the minerals-rich region. The strategic blueprint leverages... 

Highlands hands over Star Mountain reins

By: Esmarie Swanepoel     20th July 2017 ASX-listed junior Highlands Pacific has announced its intention to transfer the management of the Star Mountain exploration project, in Papua New Guinea, to joint venture (JV) partner Anglo American after the company spent the required $25-million. Under the JV agreement that was struck in 2015,... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Greenstone Gold partners submit environmental applications for Hardrock project

By: Henry Lazenby     20th July 2017 Joint venture (JV) partners Centerra Gold and Premier Gold Mines have submitted the environmental impact statement and environmental assessment (EIS/EA) to the Canadian Environmental Assessment Agency (CEAA) and the Ministry of the Environment and Climate Change (MOECC) to start the formal... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin
Fission Uranium president, COO and chief geologist Ross McElroy discusses how the Patterson Lake South uranium project was discovered, current exploration goals, and the project’s strategic advantage in the ongoing low uranium price environment. Video: Henry Lazenby; Editing: Lionel da Silva.

COAG supports new exploration strategy

By: Esmarie Swanepoel     19th July 2017 Australia’s state and territory leaders have recently endorsed the new 2017 to 2022 National Mineral Exploration Strategy at the Council of Australian Governments (COAG) meeting, a move which has been welcomed by Geoscience Australia. Geoscience Australia points out that the mineral resources... 

Taseko gets multiyear ‘NOW’ permit for contentious New Prosperity mine

By: Henry Lazenby     19th July 2017 The provincial government of British Columbia has issued Taseko Mines with a multiyear Notice of Work (NOW) permit that will allow the base metals producer to undertake a site investigation programme at the New Prosperity gold/copper mine. The mine project, which has been nixed twice by the... 

Taseko gets multiyear ‘NOW’ permit for contentious New Prosperity mine
Photo by Reuters
First Nations demonstrators protesting against the proposed New Prosperity copper/gold project by proponent Taseko Mines

Botswana Diamonds’ Vutomi licences extended adjacent to Frischgewaagt

By: Natasha Odendaal     17th July 2017 Dual-listed Botswana Diamonds has been granted a prospecting licence over an additional 1 000 ha immediately east of and contiguous to its Frischgewaagt project, in South Africa. The explorer’s current drilling programme, which is expected to start within weeks, will be extended into the new... 

Venturex raises cash for exploration

By: Esmarie Swanepoel     17th July 2017 ASX-listed explorer Venturex Resources will raise A$3.75-million to advance its Pilbara zinc-copper project, in Western Australia. The company on Monday announced that it will undertake a two-for-seven nonrenounceable rights issue, priced at 5c a share. The company’s major shareholder Northern... 

Kingsgate finds silver in Chile

By: Esmarie Swanepoel     17th July 2017 The share price of ASX-listed Kingsgate Consolidated closed higher on Monday, after the company announced the discovery of silver at its Nueva Esperanza project, in Chile. The Nueva Esperanza project is at feasibility stage, and is estimated to host some 1.9-million ounces of gold equivalent. 

Geoscience BC issues data on likely precious, base metals deposits in Kootenay-Boundary region

By: Creamer Media Reporter      15th July 2017 British Columbia’s not-for-profit earth sciences organisation Geoscience BC has published new information that could lead prospectors to new precious and base metals deposits in an area between Penticton and the Kimberley area, in the province’s Kootenay-Boundary region. The project, ‘Geological... 

Musgrave grows Cue resource

By: Esmarie Swanepoel     14th July 2017 ASX-listed junior Musgrave Minerals has flagged a potential enlarged operation at the Cue gold project, in Western Australia, after a resource update at the Break of Day and Lena deposits. The two deposits are estimated to host a combined mineral resource of 3.55-million tonnes, grading 3.09%... 

Leagold reports exploration success at Los Filos’ Bermejal deposit

By: Henry Lazenby     14th July 2017 Midtier gold producer Leagold Mining reported on Thursday that ongoing drilling of the Bermejal Undergound deposit at its Los Filos mine, in Mexico, has returned consistent high-grade mineralisation that holds the potential for a significant near-term resource upgrade. The TSX-V-listed company,... 

Accelerating growth of services in Africa

By: Nica Schreuder     14th July 2017 Mining services company Fraser Alexander is focused on expanding its presence in the Democratic Republic of Congo (DRC) and Zambia, both prime locations of high-grade copper deposits. With more than a century of experience, the company has been expanding into most gold- and copper-producing... 

Accelerating growth  of services in Africa
CONTRACTS CAPTURED In the past eight months, Fraser Alexander has secured two new hydraulic mining contracts in the Democratic Republic of Congo and one tailings deposition contract in Zambia

Africa needs to embrace Industry 4.0

By: Simone Liedtke     14th July 2017 Owing to challenges, such as depressed commodity prices, declining revenues, increasing production costs and high energy costs, the African mining industry needs to embrace new solutions based on the Industry 4.0 industrial transformation, states engineering company Bosch mining key account... 

Africa needs  to embrace Industry 4.0
LANDRY MEYA Industry 4.0 cannot be prevented, as many challenges are resolved or addressed by this trend

Beneficiation remains key to realising African Mining Vision

By: Simone Liedtke     14th July 2017 The key to the Africa Mining Vision (AMV) achieving its goals is to bring processing to the source of mineral production, says African Union Commission senior industry adviser Frank Mugyenyi, noting that this amounts to adding industries where African countries are exporting raw material. 

Beneficiation remains key to realising African Mining Vision
FRANK MUGYENYI The African Mining Vision calls on African countries to add value to mineral resources in Africa by taking advantage of backward and forward linkages

Burundi rare earths project on track for first production

By: Nica Schreuder     14th July 2017 Rare-earth element mining company Rainbow Rare Earths says it has made significant progress towards achieving first production at its Gakara rare earths project in Burundi, East Africa, with about $6-million has been invested in the project to date. Bolstered by Rainbow’s completion of an... 

Burundi rare earths project  on track for  first production
MAIN VEIN Rainbow Rare Earths is focused on exposing Gasagwe’s main vein, at the Gakara project’s initial mining site

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Demand for African resources, but common codes needed
A CASE FOR MAJORS Bulk commodities are for major investors only, as these require substantially ‘deep pockets’

Diversified openpit miner looks to entire continent for growth

By: Simone Liedtke     14th July 2017 Multidisciplinary openpit mining company Afrimat intends to develop its strategy of growth through diversification further by exploiting new opportunities in Africa by remaining “agile and entrepreneurial”. 

Diversified openpit miner looks to entire continent for growth
DIRO IRON-ORE MINE Afrimat is aiming to reach a production rate of one-million tons a year of saleable product

Golden prospects following exploration in Mali and Senegal

By: Nica Schreuder     14th July 2017 Privately owned UK-based gold exploration company Cora Gold believes there is strong potential to ultimately  increase the scale of the discovery at the Sanankoro project to a size suitable for consideration as a standalone gold mine hence the project being the primary focus of the company’s... 

Golden prospects following exploration in Mali and Senegal
SANANKORO ARTISINAL MINING Cora Gold’s Sanankoro project is currently its primary focus, and it anticipate further discovery to yield over one-million ounces of in-situ gold

Guinea to host alumina-bauxite symposium in September

By: Ilan Solomons     14th July 2017 The International Bauxite, Alumina and Aluminium Society (IBAAS), in association with geological services provider Camen Resources, will host the sixth edition of the International Bauxite-Alumina Symposium on September 21 and 22 in Conakry, Guinea. The conference will be held in Africa for the... 

Guinea to host alumina-bauxite symposium in September
Photo by International Bauxite, Alumina and Aluminium Society
AFRICAN FIRST The International Bauxite-Alumina Symposium will be hosted in Guinea, making it the first African country to do so

Initiatives launched to probe unexploited potential of diamond-bearing gravel deposits, other minerals

By: Ilan Solomons     14th July 2017 The South African mining sector is currently facing a decline and in an attempt to stimulate and support renewed mining activities, the Council for Geoscience (CGS) has launched a number of projects funded by the Department of Energy (DoE) aimed at investigating the unexploited potential of... 

Initiatives launched to probe unexploited potential of  diamond-bearing gravel deposits, other minerals
Photo by Steyn Diamante
DIAMOND FOCUS One of the Council for Geoscience project aims is to investigate the mining potential of diamondiferous gravel deposits in the North West and Northern Cape provinces
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