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Exploration News

Mozambique mineral sands JV progressing

     11th March 2016 Aim-listed diversified miner Savannah Resources remains optimistic about finalising its joint venture (JV) with diversified mining major Rio Tinto, says CEO David Archer, noting that, “Savannah’s plan over the coming year is to conduct further resource drilling and complete a scoping study to... 

New discoveries needed to prolong mining in South Africa, says Council for Geoscience

By: Ilan Solomons     11th March 2016 Although South Africa has considerable mineral resources, its long history of mining has resulted in the complete or partial depletion of reserves and resources, says Council for Geoscience (CGS) chief research scientist Dr Alazar Billay. Additionally, he notes that the increasing depths of... 

New discoveries needed to prolong mining in South Africa,  says Council for Geoscience
FIELD WORK New mineral deposit discoveries will stimulate exploration and mining investment in South Africa

Pilot plant used to entice potential clients

By: Nadine James     11th March 2016 Chinese minerals processing equipment manufacturer Landsky believes that there is a genuine need for its processing equipment in the heavy minerals sector, as previously, not only was fine screening equipment expensive, but lead times were long, which led to projects being shelved. “However, we... 

Pilot plant used to  entice potential clients
SCREENING SYSTEM Landsky is keen to service mineral sands operations in Africa as this sector presents significant potential for future growth

Visible-gold interception ups potential of Ghana gold project

By: Mia Breytenbach     11th March 2016 The gold potential of the Namdini gold project, in Ghana, has been further enhanced by the intersection of visible gold, ASX-listed junior Cardinal Resources announced last month. The project is located in a mineral-rich region of Ghana, where production has previously taken place from several... 

Visible-gold interception ups potential  of Ghana gold project
Photo by Bloomberg
DISCERNABLE MINERALISATION Visible gold mineralisation of 2 m at 137 g/t were reported for the Namdini project drill holes

Western Cape drilling programme to conclude in H1

By: Nadine James     11th March 2016 Australian resource development company Mineral Commodities’ (MRC’s) South African mining subsidiary, Mineral Sands Resources (MSR), expects a drilling and sampling programme on its newly acquired Western Cape prospecting right (PR) to be completed within the fist half of the year, says MRC... 

Western Cape drilling  programme to conclude in H1
SURF'S UP Mineral Sands Resources' new prospecting right allows it to conduct a drill sampling in the Surf Zone

Talisman raises major cash for Springfield JV

By: Esmarie Swanepoel     10th March 2016 ASX-listed Talisman Mining has raised A$16.7-million through a heavily oversubscribed share placement to fund its share of the Springfield copper-gold project, in Western Australia. Talisman on Thursday reported that the company would place some 37.14-million shares, at an issue price of 45c... 

Team SGS Geostat wins $500 000 in Integra’s ‘Gold Rush Challenge’

By: Creamer Media Reporter      9th March 2016 A team of 12 amateur geologists from Quebec has won C$500 000 in TSX-V-listed Integra Gold’s $1-million Gold Rush Challenge. The company’s innovative exploration challenge drew to a dramatic close on Monday night, when team SGS Geostat beat four other finalists and emerged as the winner with... 

Seabridge lifts Deep Kerr inferred resource above a billion tonnes

By: Henry Lazenby     8th March 2016 Canadian project developer Seabridge Gold has lifted the compliant inferred resource at its Deep Kerr deposit to above one-billion tonnes, and it was now estimated to contain more than 11.3-million ounces of gold and 11.8-billion pounds of copper. The explorer on Tuesday published an updated... 

Outward African image needs changing to court foreign investment

By: Henry Lazenby     8th March 2016 Africa has a negative outward image, partly owing to the ignorance of outsiders, but mainly owing to a lack of cohesive strategies to tell the positive news about the continent. Speaking during a panel hosted by MineAfrica and the Canada-Southern Africa Chamber of Business, which explored... 

India relaxes rules governing mining leases ahead of mineral auctions

By: Ajoy K Das     8th March 2016 In a deal sweetener ahead of mineral block auctions by Indian provinces, the federal government has relaxed rules governing mining leases and offered greater flexibility to mining investors. In a set of new rules, titled Mineral Concession Rules 2016, the government relaxations included free... 

Natural Resources Minister Carr highlights innovation in mining 

By: Henry Lazenby     8th March 2016 Canada’s Natural Resources Minister Jim Carr on Monday outlined the new Liberal government’s key priorities for the mining industry, saying that the need to invest in innovative clean technologies was critical to ensure its sustainability. Delivering keynote remarks at the opening ceremony of the... 

Natural Resources Minister Carr highlights innovation in mining
Canada Natural Resources Minister Jim Carr

Unexpected headwinds keep commodity prices lower for longer

By: Henry Lazenby     7th March 2016 A faster-than-expected slowdown in demand for commodities in 2015 has placed a damper on broad-based commodity price recoveries in 2016, compounded by lacklustre global economic growth and record inventories, which will take time to work down as production cutbacks and mine closures take effect.... 

Unexpected headwinds keep commodity prices lower for longer

Ontario Geological Survey turns 125

By: Henry Lazenby     7th March 2016 The Ontario government on Sunday celebrated the 125th anniversary of the Ontario Geological Survey (OGS), celebrating the agency’s accomplishments that had helped document the geology of the province and provide modern, independent and credible geoscience data and knowledge to the public. "For... 

Mining to drive accelerated GDP growth in Peru

By: Henry Lazenby     4th March 2016 A new report published by BMI Research expected that the earlier-than-expected realisation of production capacity in the mining sector was driving accelerated real gross domestic product (GDP) growth in Peru in 2015. BMI had revised upwards its real GDP growth expectation for 2015 to 3.2%, from... 

Bacanora completes prefeasibility study on Mexican lithium project

By: Henry Lazenby     4th March 2016 TSX-V- and Aim-listed project developer Bacanora Minerals has this week reported positive results of a prefeasibility study (PFS) completed on its flagship Sonora lithium project, in Mexico. Baconora in August last year became the first company to sign a conditional long-term agreement with... 

Good karma comes to True Gold as Endeavour swoops in with C$191m acquisition offer

By: Henry Lazenby     4th March 2016 The TSX-V-listed stock of Canadian project developer True Gold on Friday spiked 30% to new one-year highs after fellow Canadian miner Endeavour Mining moved to acquire the company for its 90% interest in the Karma project, in Burkina Faso, in an all-scrip deal valued at about C$191-million. The... 

Good karma comes to True Gold as Endeavour swoops in with C$191m acquisition offer

Argonaut eyes Canadian lithium project

By: Esmarie Swanepoel     4th March 2016 Minerals explorer Argonaut Resources has moved to secure the Crescent Lake lithium project, in Ontario. The company has signed an exclusive option agreement to acquire the two adjacent lithium deposits, Zigzag and Falcon Lake, which make up the Crescent Lake project. 

Aviation company grows African fleet

     4th March 2016 The African division of Swiss aviation company ExecuJet Aviation Group is expanding Africa’s managed and charter fleet with the addition of a Cessna Supervan 900, ideal for accessing locations with short, unprepared landing strips, such as mining sites. “ExecuJet Africa are excited about adding a... 

Aviation company grows African fleet
SUPERVAN 900 Execujet anticipates high demand for its Supervan 900 not only for mining operations but also remote sightseeing and safari expeditions

Sustainable development a significant challenge faced by miners

By: Kimberley Smuts     4th March 2016 Local stakeholders view the mining sector, the way in which it is funded and engages with governments and communities in Africa as fundamentally unsustainable in terms of the future development of the industry. This is mainly owing to a build-up of unrealistic expectations as to what mining will... 

Sustainable development a significant challenge faced by miners
LONG-TERM SUSTAINABILITY NEEDED The industry must be prepared to explore for decades to replenish the geological inventory to ensure a pipeline of mining projects and long-term sustainability

Slowing customer demand hits Trinidad Drilling hard

By: Henry Lazenby     3rd March 2016 Owing to a prolonged drop in oil and natural gas prices causing significantly reduced demand for drilling services in Canada and the US, Calgary, Alberta-based drilling services provider Trinidad Drilling has had to book significant impairments for 2015. The TSX-listed company on Wednesday... 

Slowing customer demand hits Trinidad Drilling hard

Pure Gold starts PEA on Madsen project, in Ontario’s Red Lake district

By: Henry Lazenby     3rd March 2016 TSX-V-listed Pure Gold Mining has started a preliminary economic assessment (PEA) of its fully owned Madsen gold project, in Ontario’s Red Lake mining district, which had previously produced 2.5-million ounces of gold at a grade of 9.9 g/t. The Vancouver-based explorer advised that the PEA will... 

Rehab on historic SilverCrest mines under way, surface-drilling programme to start this month

By: Creamer Media Reporter      3rd March 2016 In addition to rehabilitating several historic silver-gold mines at its Las Chispas project, located in Sonora, Mexico, TSX-V-listed SilverCrest Metals plans to start a surface drilling programme of about 3 000 m this month, which will be followed by a 2 000-m underground-drilling programme later... 

Transition spins out early-stage Abitibi greenstone belt projects

By: Creamer Media Reporter      3rd March 2016 TSX-V-listed Transition Metals has established a new subsidiary Canadian Gold Miner (CGM) Corporation to advance and finance a portfolio of high-quality gold exploration projects in the southern Abitibi greenstone belt in Canada. CGM would buy Transition Metals’ interest in a portfolio of five... 

Drill programme under way at Nevada Sunrise’s Neptune lithium property

By: Creamer Media Reporter      3rd March 2016 TSX-V-listed mineral exploration company Nevada Sunrise Gold Corporation has mobilised a drilling programme at its Neptune property, located in Nevada’s Clayton Valley, in the US, to explore for lithium brines. The US Bureau of Land Management had approved ten exploration drill hole locations at... 

Amarc, Thompson Creek reach definitive agreement to advance IKE project

By: Creamer Media Reporter      2nd March 2016 British Columbia-based mineral exploration and development company Amarc Resources on Tuesday announced that it had finalised a definitive agreement with TSX-listed diversified miner Thompson Creek Metals Company to advance the IKE porphyry copper discovery in south-central British Columbia.... 

Crusader raise defies market sentiment

By: Esmarie Swanepoel     2nd March 2016 Junior explorer Crusader Resources has raised some A$5.5-million through a share placement, with the company announcing plans to issue some 55-million shares, at a price of 10c each. The share placement would take place in two tranches, with the first 13.6-million shares being placed under the... 

Barrick signs on to Australian project in Guyana

By: Esmarie Swanepoel     1st March 2016 ASX-listed junior Alicanto Minerals has entered into an earn-in agreement with major Barrick Gold over the Arakaka gold project, in Guyana. Under the terms of the agreement, Barrick could earn a 65% interest in the project by spending $10-million within the next four years. 

US recovery involves short-term pain and long-term gain for commodities

By: Simon Rees     1st March 2016 The US economic recovery placed pressure on metals prices as investors continued to unwind commodities-based positions taken during the resource supercycle, according to Export Development Canada VP and chief economist Peter Hall. It had not been an orderly event, particularly for... 

US recovery involves short-term pain and long-term gain for commodities

Endeavour sells noncore Youga mine for $25.3m, replaces mined reserves

By: Henry Lazenby     29th February 2016 Africa-focused gold producer Endeavour Mining has sold its noncore Youga mine, located about 180 km southeast of Ouagadougou, the capital city of Burkina Faso, for $25.3-million to Turkish explorer and development firm MNG Gold. The total cash price comprised $20-million for the asset and... 

Positive signs for greenfields exploration in Australia

By: Esmarie Swanepoel     29th February 2016 Australia has reported a marked improvement in greenfields exploration in the December quarter, while the cost of searching for minerals has come down in the current commodity market downturn. The Australian Bureau of Statistics (ABS) reported on Monday that metres drilled increased by 6.9%... 

Positive signs for greenfields exploration in Australia

Despite gaining building licence, Eldorado to keep Skouries on back burner pending permits

By: Henry Lazenby     27th February 2016 Canadian gold miner Eldorado Gold on Thursday announced that it had received the building permit for the Skouries mine in northern Greece from local authorities. The permit was issued by the planning office of the Aristotle municipality, in Halkidiki, Northern Greece. However, the TSX- and... 

Cameco to acquire claims in PLS uranium camp

By: Henry Lazenby     27th February 2016 Canada’s largest uranium producer Cameco has signed an agreement with explorer ALX Uranium to acquire 27 mineral claims within the Patterson Lake South (PLS) uranium camp, located in the south-western Athabasca basin, in Saskatchewan. Under terms of the deal, Cameco will pay ALX C$170 000 in... 

Council of Geoscience implementing projects aimed at promoting mining investment

By: Ilan Solomons     26th February 2016 State-owned geoscience solutions provider Council for Geoscience (CGS) continues to advance the work it has undertaken on five national earth science programmes to ensure the growth and sustainability of the mining industry in South Africa, while also mitigating its negative impact on the... 

Council of Geoscience implementing projects aimed  at promoting mining investment
GEOLOGICAL MAPPING The Council for Geoscience’s role is to ensure that it generates data by mapping the resources of the country

Exchange rate makes for slightly better SA gold output

By: Lynne Jackson     26th February 2016 South African gold mining production levels are slowly increasing because of the rand:dollar exchange rate, with the R/kg gold price being at its highest level in recent years. The prices are not likely to increase again, but if the exchange rate increases to R20/$1, mines will see an... 

Exchange rate makes for  slightly better SA gold output
FEELING THE HEAT The increasing depth of the mines in South Africa, combined with the weak rand, is spurring a bigger set of challenges for the industry

Producer moves ahead in spite of hurdles

     26th February 2016 Despite setbacks with regard to its Obuasi joint venture (JV) and the weak market conditions, gold mining company Randgold Resources reports that its other African projects are proving to be successful. The Tongon gold mine, in Côte d’Ivoire, is focused on sustaining the increased throughput... 

Producer moves ahead in spite of hurdles
ADVANCING TONGON The mine will continue its work on infrastructure and economic development initiatives

Mining sector woes continue to limit economic growth in the territories in 2016

By: Creamer Media Reporter      25th February 2016 Declining metal and mineral prices, rising global inventories of most mining commodities and easing growth in the Chinese economy will weigh on Canada’s Aboriginal territories' economies this year, the Conference Board of Canada said on Wednesday. Nunavut and the Yukon were expected to see... 

AngloGold international mines slashing costs, upping margins 

By: Martin Creamer     24th February 2016 The international operations of AngloGold Ashanti have virtually halved their all-in sustaining costs (AISC) in three years. The Johannesburg- and New York-listed gold mining company’s international mines in eight countries began in the fourth quarter of 2012 with an AISC of $1 542/oz and ended... 

AngloGold international mines slashing costs, upping margins
AngloGold Ashanti COO International Ron Largent outlines to Mining Weekly Online’s Martin Creamer how margins were improved in a falling gold price environment. Video and Video Editing: Nicholas Boyd.

Detour Gold closes C$10.1m flow-through financing

By: Henry Lazenby     24th February 2016 Intermediate gold producer Detour Gold on Monday closed a C$10.18-million flow-through share financing, issuing 400 000 common shares on a flow-through basis at a price of C$25.47 apiece. The TSX-listed company announced on Tuesday that the flow-through shares were subject to a four-month hold... 

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