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Exploration News

Skeena completes acquisition of Mount Rainey Silver

By: Henry Lazenby     24th September 2016 Junior explorer Skeena Resources has closed the acquisition of Mount Rainey Silver, giving it access to mineral claims covering the past-producing, underground Prosperity–Porter Idaho–Silverado silver property, in north-west British Columbia’s ‘Golden Triangle’. Mount Rainey Silver's primary... 

North American Aboriginals and First Nations join hands to thwart domestic oil development

By: Henry Lazenby     23rd September 2016 Canadian and Northern US Aboriginal groups and First Nations has adopted the Treaty Alliance Against Tar Sands Expansion this week, seeking to officially prohibit and collectively challenge and resist oil sands industry expansion in Alberta. This extends to hindering the transport of such... 

North American Aboriginals and First Nations join hands to thwart domestic oil development

BMR secures finance to advance Kabwe

By: Megan van Wyngaardt     23rd September 2016 Zambia-focused mineral processing business, BMR Group has entered into a $5.2-million project construction and trade finance facility with African Compass International (ACI), a private South African group engaged in mining, energy and agribusiness. Through the facility, Aim-listed BMR and its... 

Barberton tailings plant shoots lights out with cheap, upped gold 

By: Martin Creamer     23rd September 2016 In the 12 months to June 30, gold was produced by the Barberton Tailings Retreatment Plant (BTRP) of Pan African Resources at the exceptionally low all-in cost of $332/oz. While Barberton Mines as a whole had a good financial year underground and on surface, it was the on-surface BTRP that shot... 

Barberton tailings plant shoots lights out with cheap, upped gold
Blurb: Pan African CEO Cobus Loots talks to Mining Weekly Online’s Martin Creamer on Barberton gold. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Tawana buys Namibia lithium project

By: Esmarie Swanepoel     23rd September 2016 Dual listed Tawana Resources has moved to acquire a second lithium project, with the company entering into an agreement to acquire the mining rights to a Uis pegmatite tailing stockpile in Namibia. The Uis project consists of some 20-million tonnes of stockpile derived from one of the largest... 

Alliance to earn a stake on Wilcherry Hill

By: Esmarie Swanepoel     23rd September 2016 Juniors Tyranna Resources and Alliance Resources have formed a strategic joint venture over the Wilcherry Hill project, in South Australia. Under the agreement, Alliance would pay A$2-million in cash for a 51% stake in the project, and would also subscribe for shares in Tyranna in order to... 

Cash costs plunge below $700/oz at AngloGold’s Mponeng mine

By: David Oliveira     23rd September 2016 South African gold mining major Anglo-Gold Ashanti reported in its six- months through June 30 earnings report, released in mid-August, that its South African flagship operation, Mponeng gold mine, near Carletonville, was one of the lowest-cost producers in South Africa during the first half of... 

Cash costs plunge below $700/oz at AngloGold’s Mponeng mine

Lack of vibrant junior sector, exploration to ensure long-term sustainability lamented

By: Ilan Solomons     23rd September 2016 South Africa needs to urgently develop a vibrant junior mining sector and establish a conducive policy environment to attract investment in new exploration projects to ensure the long-term sustainability of the country's mining sector. This is according to banking group Nedbank Capital mining and... 

Lack of vibrant junior sector, exploration to  ensure long-term sustainability lamented
Photo by Duane Daws
PAUL MILLER Mining majors are primarily focused on weathering the current challenging economic climate and depressed commodity prices

Nevada Sunrise signs definitive agreement for Gemini JV with Eureka

By: Henry Lazenby     22nd September 2016 TSX-V-listed explorer Nevada Sunrise and 50:50 joint venture (JV) partner Eureka Resources have formalised their relationship with regard to the Gemini lithium project with the signing of a definitive JV agreement. Nevada Sunrise acquired the Gemini project, located in Nevada’s Lida Valley, in... 

End-to-end mechanisation edging South Deep forward – Gold Fields

By: Martin Creamer     22nd September 2016 South Deep, Gold Fields’ fully mechanised deep-level gold mine, has reached the point of honouring its full mining value chain with on-the-go ground support, simultaneous backfilling of the voids created, an extension of mechanising to hanging wall and side wall drilling, and mesh support... 

End-to-end mechanisation edging South Deep forward – Gold Fields
Photo by Duane Daws
Gold Fields CEO Nick Holland

Oz abandons Jamaica plans

By: Esmarie Swanepoel     22nd September 2016 Metals miner Oz Minerals has withdrawn from its Jamaica joint venture (JV), transferring its interest in the exploration assets to Canada-based Carube Copper Corporation. “After a comprehensive review of exploration results, we determined that while copper porphyry style mineralisation was... 

Chalice signs another farm-in

By: Esmarie Swanepoel     22nd September 2016 ASX-listed Chalice Gold Mines has continued with its corporate activity spree, inking a farm-in agreement with fellow listed Traka Resources over the Latitude Hill nickel-copper-platinum group metals project. Under the terms of the agreement, Chalice could earn a 70% interest in the project by... 

Chile's SQM will boost annual lithium hydroxide capacity by 7 500 t

By: Reuters     22nd September 2016 Chilean fertiliser and chemical producer SQM will invest around $30-million by the end of 2017 to increase its annual lithium hydroxide production capacity by 7 500 t, the company said in a press release on Wednesday. As part of the plan to boost capacity from 6 000 t to 13 500 t, the company... 

Trevali expands high-grade Santander deposits, makes new hanging wall discovery

By: Henry Lazenby     21st September 2016 The TSX-listed stock of base metals producer Trevali Mining has risen to a new 52-week high after the company reported positive exploration results from its Santander mine, in Peru. Vancouver-based Trevali reported results from twelve new drill holes of the ongoing 2016 underground exploration... 

With a bird in hand, Northern Superior targets fall drill campaign to grow openpitable resource 

By: Henry Lazenby     21st September 2016 With a compliant six-figure inferred resource in hand, project generator Northern Superior Resources is preparing for aggressive growth campaigns this fall and winter at some of its Quebec- and Ontario-based assets. After going into hibernation mode in 2012, with the intensification of the... 

With a bird in hand, Northern Superior targets fall drill campaign to grow openpitable resource

Pan African investigating R1.7bn gold tailings project 

By: Martin Creamer     21st September 2016 Gold mining company Pan African Resources is investigating a large gold tailings retreatment project at its Evander mines in Mpumalanga. Underwritten proposals have been received for the full financing package for the Elikhulu project, which will require an estimated capital expenditure of... 

Pan African investigating R1.7bn gold tailings project
Pan African CEO Cobus Loots outlines growth plans to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer. 21.9.2016

Rare Earth Mineral lifts Bacanora stake to nearly 20%

By: Henry Lazenby     21st September 2016 Aim-listed Rare Earth Mineral (REM) has agreed to raise its stake in Aim- and TSX-V-listed lithium and borates company Bacanora Minerals to 19.8% through an ‘on-market’ transaction valued at £4.5-million. The transaction is expected to close before month-end. REM advised that it holds a 30% joint... 

Osisko hits high-grade sods at ‘company-making’ Windfall Lake

By: Henry Lazenby     21st September 2016 Explorer and project consolidator Osisko Mining has hit some high-grade returns with recent exploration work at its Quebec-based Windfall Lake gold project, reporting intersections containing as much as 391 g/t gold over 3.1 m (uncut). The Montreal-based company is currently undertaking an... 

Taseko in hot pursuit of Gibraltar’s high-grade copper core

By: Henry Lazenby     20th September 2016 The TSX-listed stock of copper producer Taseko Mines spiked up to 13.33% on Tuesday morning on news that the company has discovered a new high-grade copper deposit at its Gibraltar mine, in British Columbia. Vancouver-based Taseko has intersected more than 341.4 m of varying copper grades at its... 

Taseko in hot pursuit of Gibraltar’s high-grade copper core

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Cost-conscious major miners look to agility of junior explorers

By: Reuters     20th September 2016 Tight budgets and nervous investors have convinced major miners that a cheap, timely way to ensure a strong pipeline of quality assets is to team up with junior, more nimble exploration firms. Miners have slashed costs by delaying projects, sold assets and cut exploration budgets to free up cash... 

Premier upbeat about drilling results at Zimbabwe lithium project

By: Megan van Wyngaardt     20th September 2016 Aim-listed Premier African Minerals has received encouraging results from its 2 500 m drilling programme at the Zulu lithium project, in Zimbabwe. The first diamond core hole intersected 9.5 m of visual spodumene petalite lithium mineralisation, from a down hole depth of 10.5 m. 

Chalice hunts for gold on Red Hill soil

By: Esmarie Swanepoel     20th September 2016 Juniors Chalice Gold and Red Hill Iron have signed an agreement under which Chalice will explore the West Pilbara gold project, in Western Australia. Chalice could earn a 70% interest in the project’s gold and base metals by spending A$3-million, with a minimum commitment of A$500 000 within the... 

Primero reports exploration upside

By: Henry Lazenby     20th September 2016 The TSX-listed stock of precious metals producer Primero Mining on Monday rose as much as 4% after it reported positive exploration results at its Black Fox mine, in Ontario, as well as at its San Dimas mine and the Lechugilla concession, in Mexico. Vancouver-based Primero reported that initial... 

TomaGold broadens reach to Chile through Red Metal Resources acquisition

By: Henry Lazenby     19th September 2016 Canadian gold explorer TomaGold is expanding into Chile, after announcing Monday that it had signed a letter of intent (LoI) to acquire all the outstanding shares of Red Metal Resources. The proposed acquisition will give TomaGold ownership of, or options to own, 100% of the Farellon, Perth and... 

Despite reaching production vein, PTM lowers guidance again as stoping delays weigh

By: Henry Lazenby     19th September 2016 South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium,... 

Samco and PAS set Sept 1 as effective option agreement date

By: Henry Lazenby     17th September 2016 About a year-and-a-half after signing a definitive option agreement, TSX-V-listed Samco Gold and Pan American Silver (PAS) set September 1 as the effective date of the agreement. The agreement grants PAS the exclusive option to acquire a 60% interest in the El Dorado Monserrat (EDM) project in... 

MGX solves oil well lithium brine separation conundrum through buying clean-tech developer

By: Henry Lazenby     16th September 2016 Canadian diversified project developer MGX Minerals has signed a binding letter of intent to buy a 50% stake in clean-technology developer PurLucid Treatment Solution for staged payments of C$5-million over two years. The transaction represents a solution to MGX’s dilemma of separating oil, to a... 

Electronic equipment supplier attends Limpopo mining exhibition

     16th September 2016 Global engineering solutions distributor RS Components SA attended the Mining & Technical Travelling Exhibition (MTE) Lephalale Mining and Industrial Expo on September 1, at the Mogol Club in Lephalale, in Limpopo, home to Grootegeluk, one of the largest opencast coal mines in the world, along... 

Electronic equipment  supplier attends Limpopo mining exhibition
GROOTEGELUK COAL MINE The Lephalale mine is one of the largest opencast coal mines in the world

Firm launches Southern African mine mapping dataset

By: David Oliveira     16th September 2016 Geographical information services and products provider GeoTerraImage launched their Southern African Mine dataset last month, which uses satellite imagery to produce information on mining activity in 12 countries in Southern Africa. The dataset indicates mining activity in South Africa,... 

Indicated resources at Tanzania gold prospect up 409% to 205 347 oz

By: Mia Breytenbach     16th September 2016 East Africa-focused gold producer, developer and explorer Shanta Gold has upgraded its Joint Ore Reserves Committee-compliant resource estimate at the Ilunga satellite deposit at the New Luika Gold Mine (NLGM), in south-west Tanzania, with indicated resources increasing by 409% – from 40 352 oz... 

Indicated resources at Tanzania gold prospect up 409% to 205 347 oz
Photo by Bloomberg
GRADE ELEVATION The indicated resource gold grade rose 17%, from 4.03 g/t of gold to 4.71 g/t of gold

South African coal industry needs to pursue mechanisation

By: Nadine James     16th September 2016 South African coal industry stakeholders need to pursue mechanisation if the industry is serious about streamlining operations and improving efficiencies, stresses international market research company BMI Research.  BMI commodities analyst Mitchell Hugers states that the benefits of... 

South African coal industry  needs to pursue mechanisation
USURPER Mozambique's coal prospects are attracting significant foreign investment and its coal sector may outstrip South Africa's in the near future

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

India to invite mineral exploration bids from domestic and foreign agencies

By: Ajoy K Das     15th September 2016 India’s Mines Ministry will soon be inviting bids for at least 20 mineral exploration blocks from domestic and international agencies to kick-start the New Mineral Exploration Policy (NMEP). The bidding process will mark the maiden entry of private domestic and international exploration companies... 

Zenith adds to project portfolio

By: Esmarie Swanepoel     15th September 2016 ASX-listed junior Zenith Minerals has secured the Pollappa lithium project, in north Queensland, just days after taking ownership of the Develin Creek copper/zinc/gold/silver project, also in Queensland. Zenith reported on Thursday that the two mineral applications, covering 333 km2 of lithium... 

Endeavour makes big gold discovery at Ity, Côte d'Ivoire

By: Henry Lazenby     15th September 2016 West Africa-focused gold producer Endeavour Mining has made a significant gold discovery at its producing Ity mine, in Côte d'Ivoire, the company reported Wednesday. Endeavour advised that the high-grade Bakatouo discovery is located close to the current Ity mining complex, and is considered to... 

Brazil Resources unveils high-grade multimillion-ounce resource at Colombia project

By: Henry Lazenby     15th September 2016 Two weeks after closing the acquisition of the Titiribi gold/copper project, in central Colombia, Brazil Resources has published a maiden multimillion-ounce and high-grade resource estimate on the deposit. Vancouver-headquartered Brazil Resources announced a National Instrument 43-101-compliant... 

Fortune welcomes mining veteran Koropchuk to board

By: Henry Lazenby     15th September 2016 Cobalt project developer Fortune Minerals has appointed mining veteran Glen Koropchuk to its board. Koropchuk, with more than 30 years of mining experience, most recently served as COO of Anglo American affiliate De Beers Canada and was responsible for operations at the Snap Lake and Victor... 

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