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Exploration News

Osisko’s acquisition of Beaufield to close by end of the week

By: Creamer Media Reporter      15th October 2018 The takeover of Beaufield Resources by Osisko Mining is likely to close on Friday, following last week’s shareholder approval, in which 98% of shareholders present at a meeting voted in favour of the transaction. The completion of the arrangement, announced in August, remains subject to the... 

Desert Lion announces maiden mineral resource estimate for Namibian project

By: Simone Liedtke     12th October 2018 TSX-V-listed Desert Lion Energy has completed a maiden mineral resource estimate for its Namibian lithium project, the company announced on Friday. The maiden mineral resource estimate comprised the Rubicon, Rubicon Slimes, Helikon 1, Helikon 2, Helikon 3, Helikon 4 and Helikon 5 deposits, and... 

TomaGold creates executive chair position

By: Creamer Media Reporter      12th October 2018 Canadian explorer TomaGold, which is in joint ventures with Iamgold and Goldcorp, has created a new role of executive chairperson and appointed Robert Rosner to the position. Rosner will be primarily responsible for overseeing, promoting and facilitating the company’s strategic plans and... 

Potential to expand mineral sands project

12th October 2018 The latest drilling results from Australian mineral exploration and development company Strandline Resources show there is significant potential to expand its 100% owned Tanga South Tajiri mineral sands project in Tanzania. The reconnaissance drilling returned multiple intersections of high-grade... 

Potential to expand  mineral sands project
LUKE GRAHAM The latest drilling results will strengthen the economic outlook of Tajiri

Armadale releases half-year results

12th October 2018 Australian investment company Armadale Capital released its half-year report in September, showing a 25% resource upgrade proving that the Mahenge Liandu project is a significant discovery and detailing the completion of various projects. Armadale has been focusing on the scoping study and... 

Armadale releases  half-year results
PERFECT POSTCODE The Mahenge Liandu project is situated near some of the biggest graphite discoveries in the world

Encouraging results from maiden drill

12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... 

Encouraging results  from maiden drill
MINERAL RICH The Bagamoyo project is rich in various minerals, including zircon

Graphex positive common ground to be found

By: Erin Steenhoff-Snethlage     12th October 2018 Australian mineral exploration and development company Graphex Mining submitted a 200-page document to the Tanzanian Ministry of Minerals earlier this month. The submission contains recommendations regarding the new mining legislation that was announced in Tanzania in July 2017. “At one of our... 

Graphex positive common ground to be found
COMMON GROUND The future of the Tanzanian mining industry relies on finding common ground between investors and the government

Junior miner reports progress at its South African nickel/copper/platinum group project

By: Rebecca Campbell     12th October 2018 Early this month, London AIM-listed exploration and development group URU Metals released its final results for the 2017/2018 financial year (which ended on March 31 this year). During that year the company’s activities were focused on the exploration and development of its mineral properties in... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Erris appoints investment banker as CEO

By: Creamer Media Reporter      11th October 2018 Europe-focused explorer Erris Resources has appointed investment banker Anton du Plessis as CEO, succeeding Merlin Marr-Johnson, who on Thursday resigned as director and elected to step down. Erris, which has a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden,... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Avesoro on track to convert 1Moz from resources to reserves

By: Marleny Arnoldi     10th October 2018 TSX- and Aim-listed Avesoro Resources has reported positive drill results from its Ouaré and Gassore West deposits, and the discovery of two mineralised vein systems that are 1.5 km east of the company’s Youga gold processing plant, in Burkina Faso. Avesoro aims to convert 1-million ounces of... 

Genesis adds to Ulysses resource

By: Esmarie Iannucci     9th October 2018 Gold developer Genesis Minerals has reported a 137% increase in the total mineral resource at its Ulysses gold project, in Western Australia. The project is now estimated to host some 760 000 oz of gold, up from the previous estimate of 321 000 oz.  

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Strongbow appoints Osisko’s Njegovan to its board

By: Creamer Media Reporter      8th October 2018 Vancouver-based Strongbow Exploration has appointed Osisko Mining VP for new business development, Don Njegovan, to its board of directors to replace John Burzynski, who stepped down on Friday. Burzynski will join the company’s technical advisory committee. 

Charter continues expropriation of investor returns – Paul Miller

By: Nadine James     5th October 2018 Mining Charter 3 has continued its predecessor’s trajectory of setting a “progressive creeping expropriation of investor returns”, CCP 12J Fund MD Paul Miller told delegates at the Joburg Indaba this week. He noted that South Africa had always relied on attracting foreign capital, adding that the... 

Charter continues expropriation of investor returns – Paul Miller
Photo by Dylan Slater
PAUL MILLER

Orosur COO resigns to be closer to family

By: Mariaan Webb     5th October 2018 Jorge Aceituno has resigned as COO and executive director of Orosur Mining to accept a position closer to his family in Chile, the TSX- and Aim-listed junior announced on Friday. Orosur, which recently closed down its San Gregorio mine in Urugay, said that its renewed focus on the Anza project,... 

Junior gold miner reports strong earnings for first half of year

By: Rebecca Campbell     5th October 2018 UK-domiciled, London AIM-listed West African gold miner Hummingbird Resources has reported (in its unaudited financial results for the first half – H1 – of this calendar year) that its primary asset, the Yanfolilia Gold Mine in Mali, had recorded a solid performance that had been in line with the... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Tech advances poised to shorten  prospecting-to-mine-development timelines

Gatling Exploration to start trading next week

By: Mariaan Webb     4th October 2018 Newly incorporated Gatling Exploration, which owns the Larger Lake property that Bonterra Resources spun out during its merger with Metanor Resources, will start trading on the TSX-V under the symbol GTR next week. The listing follows the closing on September 24 of a plan of arrangement between... 

Great Boulder and Ausgold join hunt at Yamarna

By: Esmarie Iannucci     4th October 2018 Juniors Great Boulder Resources and Ausgold have entered into a joint venture agreement over the Yamarna nickel project, in Western Australia. Under the terms of the agreement, Great Boulder could earn a 75% interest in the Ausgold project by issuing that company with 1.5-million Great Boulder... 

Caledonia Mining declares quarterly dividend

By: Simone Liedtke     2nd October 2018 Exploration and development company Caledonia Mining has declared a quarterly dividend of $0.06875 a share. Additionally, it is expected that the current dividend of $0.27 yearly, paid in equal quarterly instalments, will be maintained, the company said on Tuesday. 

Breaker raises exploration funds

By: Esmarie Iannucci     2nd October 2018 Gold explorer Breaker Resources will raise A$10.5-million through a share placement to fund drilling and exploration work in Western Australia. Some 36.53-million shares will be issued under the company’s existing placement capacity, priced at 29c each. The offer price represented a 9.4%... 

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Botswana manganese estimate fires up aspirant battery supplier
Maiden manganese mineral resource announced in Botswana

Ivanhoe announces third major copper discovery in DRC

By: Simone Liedtke     1st October 2018 TSX-listed Ivanhoe Mines has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC). This discovery, Makoko, is the first of multiple high-potential target areas identified... 

Ivanhoe announces third major copper discovery in DRC
Photo by Creamer Media
Ivanhoe executive co-chairperson Robert Friedland

Arc Minerals raises £2m for exploration, development at Zambia project

By: Simone Liedtke     1st October 2018 Aim-listed Arc Minerals will raise about £2-million to help fund exploration and development work on the company’s Kalaba copper/cobalt project, in Zambia, and for general working capital purposes. On Monday, the company placed more than 44-million units at 4.5p a unit, with each unit comprising... 

Geoscience BC releases map data on Greenwood

By: Marleny Arnoldi     1st October 2018 Earth science information organisation Geoscience BC has released a new geological map and data, which is the latest in a series of research projects to encourage mineral exploration in the regional district of Kootenay Boundary in southern British Columbia. The 1:50 000 scale “Geology of the... 

Constantine updates Palmer resource to indicated category at 11% zinc

By: Marleny Arnoldi     28th September 2018 TSX-listed Constantine Metal Resources (CMR) has updated its mineral resource estimate for the Palmer copper/zinc/gold/silver deposit, in Alaska, to an indicated resource of 4.6-million tonnes, grading 11.67% zinc equivalent and 3.84% copper equivalent. This mineral resource update represents... 

Azumah grows Ghana project’s mineral resources to 2.5Moz

By: Marleny Arnoldi     28th September 2018 ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project. Azumah will update the ore reserves and financial metrics... 

MC Mining eyeing acquisition, project access, SEZ 

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining, which has painstakingly removed many obstacles in its path in the last five years, is targeting the acquisition of a second suitable operational coal mine in the mould of the cash-generative Uitkomst, taking strong steps to secure access... 

MC Mining eyeing acquisition, project access, SEZ
MC Mining CEO David Brown interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Dylan Slater

GoldStone progresses scoping, old working assessment at Akrokeri-Homase project

By: Marleny Arnoldi     27th September 2018 Aim-listed GoldStone Resources is growing more confident in identifying mineral resource potential at the Akrokeri-Homase (AKHM) gold project, in Ghana. A work programme has focused on accessing the historic, high-grade Akrokeri underground gold mine, which is one of two previously producing... 

MC Mining reports normalised $9.8m loss

By: Martin Creamer     27th September 2018 Coal exploration, development and mining company MC Mining on Thursday reported a normalised after-tax loss of $9.8-million in the 12 months to June 30, when the company achieved full integration of  the cash generating Uitkomst thermal and metallurgical colliery, which sold $32.7-million worth... 

Tando speeds up drilling at SPD project, targets Jorc-compliant resource by end-October

By: Marleny Arnoldi     27th September 2018 ASX-listed junior exploration company Tando Resources has mobilised another diamond core rig at its SPD Vanadium project, in South Africa, with three rigs now drilling out the 513-million-tonne resource. This will contribute to the publication of a Joint Ore Reserves Committee- (Jorc-)... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver

By: Martin Creamer     26th September 2018 The progressing Lonmin acquisition and the already done DRDGold deal have been highlighted to the Denver Gold Forum by Sibanye-Stillwater, which is currently hosting investors and analysts at its Stillwater mine in Montana. The forum heard how the Lonmin acquisition would add significantly to... 

Sibanye highlights Lonmin, DRDGold deal attractions at Denver
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Queensland fires up for gas supply challenge

By: Creamer Media Reporter      26th September 2018 More explorers are on the hunt across Queensland for gas for the hungry Australian market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Tuesday announced that four companies would soon start exploring more than 6 600 km2 for more gas for local use, as well as export dollars. 

Queensland fires up for gas supply challenge

Harmony Gold shows off growing portfolio quality in Denver

By: Martin Creamer     26th September 2018 Harmony Gold’s Moab Khotsong mine in South Africa and Hidden Valley mine in Papua New Guinea will together produce a third of the guided 1.5-million ounces in the 12 months to end June, with the projected 500 000 oz from these two operations being produced at an all-in sustaining cost of $950/oz,... 

Harmony Gold shows off growing portfolio quality in Denver
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Pacton receives regulatory approval to buy rest of Arrow

By: Creamer Media Reporter      21st September 2018 Canadian junior Pacton Gold hunting conglomerate-style gold in Australia’s Pilbara has received approval from the TSX Venture Exchange to buy the remaining 49% interest in Arrow Minerals. The transaction, announced last month, gives the company full ownership of a strategic landholding of 609... 

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