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Exploration News

High-grade Sona Hill a potential game changer for Sandspring’s Toroparu project

By: Henry Lazenby     1st September 2016 The discovery of the nearby Sona Hill satellite deposit has blown new life into developer Sandspring Resources’ flagship Toroparu project, in Guyana, providing the prospect of higher grades of gold-only mineralisation – a potential game changer. 

Aurcana reports positive PEA on Texas-based Shafter silver mine

By: Henry Lazenby     1st September 2016 Project developer Aurcana Corp on Wednesday announced positive project economics for restarting the Shafter silver project, in Texas. The Shafter project was put on care and maintenance in December 2013, partly as a result of depressed silver prices. 

Iamgold acquires Suriname property that could extend Rosebel mine life

By: Henry Lazenby     1st September 2016 Canadian gold producer Iamgold has acquired an interest in the Saramacca property, in Suriname, on which it plans to define a National Instrument 43-101-compliant mineral resource within the next 24 months that could potentially prolong the Rosebel mine life. The Toronto-based miner advised on... 

Victoria premier moves to ban unconventional gas development in the state

By: Samantha Herbst     31st August 2016 Spearheaded by Victoria state premier David Andrews, the Labour government on Tuesday put forward a permanent ban on the exploration and development of all onshore unconventional gas in the state, including hydraulic fracturing (fracking) and coal seam gas. The proposed permanent legislative ban,... 

IGC attracts 4 000 delegates from 120 countries

By: Kim Cloete     31st August 2016 The International Geological Congress (IGC) in Cape Town has attracted more than 4 000 delegates from 120 countries and is anticipated to spark interest in all aspects of geology in Africa. “This conference is not for South Africa alone, but all of Africa,” thirty-fifth IGC co-president Professor... 

Lithium X files first compliant resource estimate for Argentina-based Sal de los Angeles

By: Henry Lazenby     31st August 2016 Vancouver-based lithium upstart Lithium X has filed a maiden Canadian National Instrument 43-101-compliant resource estimate for its flagship Sal de los Angeles project, in Argentina, establishing it as a large and high-grade project. Prepared by Chile-based FloSolutions, the technical report... 

Advantage closes option to acquire stakes in Nevada lithium projects, water rights

By: Henry Lazenby     30th August 2016 TSX-V-listed explorer Advantage Lithium on Monday reported that it had successfully closed the acquisition of options to acquire a 70% interest in three Nevada lithium projects, a 50% interest in two Nevada lithium projects and a 100% stake in certain water rights in the Clayton Valley from... 

New initiative launched to boost geoscientific skills in Africa

By: Kim Cloete     30th August 2016 An initiative to strengthen geoscientific knowledge and skills in Africa has been launched at the thirty-fifth International Geological Congress (IGC), in Cape Town. The PanAfGeo initiative is a collaboration between the Organisation of African Geological Surveys (OAGS) and EuroGeoSurveys. 

Northern Minerals expects Tanami tenement package to fetch up to A$2.75m

By: Creamer Media Reporter      30th August 2016 Rare earths focused Northern Minerals, which is advancing the Browns Range project, in Western Australia, expects to raise up to A$2.75-million by selling a package of exploration licences in the Tanami region of the Northern Territory. Gold miner Northern Star will buy the exploration licences... 

Orca Gold reunites Red Back senior management in executive shakeup

By: Henry Lazenby     30th August 2016 Canadian junior explorer Orca Gold has reunited the senior management of erstwhile Red Back Mining in an executive shakeup announced Monday, which the company believes will set it on a path to regional dominance in North and West Africa. The Orca board has appointed chairperson Richard Clark its... 

Rye Patch breaks ground in Florida Canyon restart campaign

By: Henry Lazenby     29th August 2016 Nevada-focused project developer Rye Patch Gold has started construction of a new heap leach facility at its newly acquired Florida Canyon mine, which it bought from Japan-based Admiral Capital at the end of July. "The company has embarked on a transformational journey to become Nevada's next new... 

Barrick pours first gold at South Arturo

By: Henry Lazenby     29th August 2016 Gold major Barrick Gold has poured first gold at its South Arturo mine, located in Nevada’s Carlin Trend, its 40% joint venture (JV) partner Premier Gold Mines reported Monday. Barrick, as the operator through its subsidiary Barrick Gold Exploration, processes the ore from South Arturo at its... 

Boost Africa’s geoscientific knowledge, urges Zwane

By: Kim Cloete     29th August 2016 Mineral Resources Minister Mosebenzi Zwane has called on delegates to the thirty-fifth International Geological Congress (IGC) to rechannel their efforts into development on the African continent, which is lagging in terms of geoscientific knowledge. “On average, expenditure in the generation of... 

Boost Africa’s geoscientific knowledge, urges Zwane
Photo by Duane Daws
Mineral Resources Minister Mosebenzi Zwane

Platinum industry not mining anywhere near forecast demand – Northam 

By: Martin Creamer     29th August 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Nine-million ounces is a large number relative to primary mine production out of Southern... 

Platinum industry not mining anywhere near forecast demand – Northam
Northam Platinum CEO Paul Dunne comments on platinum’s supply/demand outlook to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer

Resolute acquires interest in DRC-focused explorer

By: Megan van Wyngaardt     29th August 2016 Australian mining firm Resolute Mining has acquired a 14.6% interest in Canadian explorer Kilo Goldmines, which is advancing projects in the Democratic Republic of Congo (DRC). Resolute bought 24.7-million shares, at a cost of A$2.5-million, in Kilo’s recently completed private placement. 

International Frontier formalises partnership with Mexican govt over Tecolutla JV

By: Henry Lazenby     27th August 2016 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 have 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 Global Investment Management affiliate had become the largest shareholder at just under 20%, enabling Energizer to initiate a front end engineering design (FEED) study. The affiliate,... 

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.  

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