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Exploration News

Australia’s June quarter exploration up 28% q/q

By: Esmarie Iannucci     3rd September 2018 Mineral exploration expenditure increased by 28.4% to A$563.4-million in the June quarter, with base metals exploration acting as the driving force. Compared with the previous quarter, expenditure on greenfields exploration rose by 37.1%, or A$54-million, while brownfields exploration rose by... 

Northwest Territories awards Rover Metals exploration grant

By: Creamer Media Reporter      31st August 2018 TSX-V-listed Rover Metals has been awarded an C$85 000 exploration grant from the Northwest Territories’ mining incentive programme to advance the Cabin Lake gold project, north-west of Yellowknife. The funding will assist the company to conduct a multi-stage exploration programme starting in... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA

By: Nadine James     31st August 2018 The mining sector could attract an additional R122-billion worth of investment if the policy perception and environment improved to the top quarter of the Fraser Institute’s Policy Perception Index, rather than its current position in the lower quartile, Minerals Council South Africa (MCSA)... 

Mining could attract additional R122bn investment over next four years, if policy improves – MCSA
Photo by Creamer Media
Tebello Chabana

Red Rock interest in JVCo increases to 50.1%

By: Simone Liedtke     30th August 2018 Natural resource development company Red Rock Resources will increase its interest in a joint venture company (JVCo), which will be formed for the exploitation of copper and cobalt tailings and dumps near Kolwezi, in the Democratic Republic of Congo (DRC), to 50.1%. Pursuant to the agreement, Red... 

South Africa could create 50 000 more mining jobs – Minerals Council

By: Martin Creamer     30th August 2018 A South Africa moderately more attractive to investors would catalyse the creation of 50 000 more mining jobs and an additional 200 000 jobs overall, Minerals Council South Africa CEO Roger Baxter told the Africa Down Under conference in Perth on Thursday. Speaking a day after Mineral Resources... 

South Africa could create 50 000 more mining jobs – Minerals Council
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter

Newmont partners with Miranda on Colombia exploration project

By: Creamer Media Reporter      30th August 2018 US-based major Newmont Mining has agreed to partner with Miranda Gold to explore the TSX-V-listed company’s Lyra project, in Colombia. In terms of the option agreement, announced by Miranda on Wednesday, Newmont would fund a $600 000 prospecting programme over an 18-month period, while... 

Constantine assembles team for Alaska project PEA

By: Creamer Media Reporter      30th August 2018 TSX-V-listed Constantine Metal Resources has selected engineering, project and construction management firm JDS Energy and Mining to prepare a preliminary economic assessment (PEA) of the potential viability of the mineral resources at the Palmer copper/zinc/gold/silver project, in south-east... 

Cameo starts work on newly acquired Big Mac

By: Creamer Media Reporter      29th August 2018 Metals explorer Cameo Cobalt has started its Phase 1 work programme at the Big Mac gold project, which the TSX-V-listed junior acquired earlier this week. The 2018 programme will consist of an airborne magnetic survey, with a total of 500 line-km planned for the 9 263.88 ha. Phase 1 aims to... 

Goldcorp and OceanaGold invest in explorer Gold Standard

By: Creamer Media Reporter      29th August 2018 Vancouver-headquartered exploration company Gold Standard Ventures announced on Tuesday that mining firms Goldcorp and OceanaGold would participate in the company’s C$10.5-million private placement. TSX-listed Goldcorp would spend about C$6-million to acquire 2 926 829 shares in the... 

Azumah needs more ounces at Wa

By: Esmarie Iannucci     29th August 2018 Junior gold developer Azumah Resources would need to establish a reserve base of at least one-million ounces at its Wa gold project, in Ghana, before a positive project decision could be made, MD Stephen Stone said on Wednesday. The company is working to add to the current 624 000 oz reserve... 

Bulk sampling programme gets under way at Nayega manganese project

By: Marleny Arnoldi     28th August 2018 Aim-listed Keras Resources has started Phase 1 of its 10 000 t bulk sampling testwork programme, at its Nayega manganese project, in northern Togo. Carriere Mines Travaux Public was appointed as mining and logistics contractor, which has established the testwork site and started the mining... 

Conroy raises £500 000 for Ireland gold assets

By: Creamer Media Reporter      28th August 2018 Gold exploration and development company Conroy Gold has conditionally raised £500 000 through a placing of shares to fund the advancement of its gold assets in Ireland. The placing at 13.75p a share is a premium of 20% to the closing mid-market price on August 24, Conroy said on Tuesday. 

Victoria sets exploration targets with new strategy

By: Esmarie Iannucci     28th August 2018 The Victorian state government has launched a new mineral resources strategy to ensure continued growth in the resources sector. Resources Minister Tim Pallas on Tuesday launched the State of Discovery strategy, setting out targets of total exploration investment of A$220-million by June 2023... 

Pacton gains greater ground in Pilbara

By: Esmarie Iannucci     28th August 2018 Junior gold explorer Calidus Resources has inked a letter of intent (LoI) with TSX-listed Pacton Gold to dispose of its non-core conglomerate gold rights for C$3.5-million in shares. Under the terms of the LoI, Calidus will receive a non-refundable payment of C$10 000 and will be issued... 

McEwen invests in explorer Great Bear

By: Mariaan Webb     27th August 2018 Precious metals miner McEwen Mining and its chief owner Rob McEwen will invest a combined $6-million in Ontario explorer Great Bear Resources, which last week announced a high-grade gold discovery in the Red Lake district. Rob McEwen has agreed to purchase $4.8-million and McEwen Mining... 

WA's next EIS round open for business

By: Esmarie Iannucci     27th August 2018 The Association of Mining and Exploration Companies (Amec) has urged explorers to make use of Round 18 of the Western Australian state government’s Exploration Incentive Scheme (EIS) co-funded drilling programme, which closes on October 5. The co-funded exploration drilling program offers up to... 

Trilogy expands drilling programme at Alaska copper/cobalt project

By: Mariaan Webb     24th August 2018 With the backing of partner South32, explorer Trilogy Metals will expand its drilling programme at the Bornite copper/cobalt project, in Alaska, with two more drilling rigs to be added, the TSX-listed company announced on Thursday. South32 has agreed to increase its contribution to this year’s... 

PGMs producer focuses on palladium in Limpopo

24th August 2018 Platinum and palladium mining company Platinum Group Metals is refocusing its business on the large-scale, bulk mineable Waterberg project in Limpopo, South Africa which is dominated by palladium and has reserves in platinum, rhodium, gold, copper and nickel. “Our key business objectives are to... 

PGMs producer  focuses on palladium  in Limpopo
Photo by Bloomberg
INCREASING IN VALUE The price of palladium has nearly doubled since 2015 as a result of its primary use in catalytic converters and limited market supply

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

Tethyan completes drilling at recently acquired Serbia

By: Creamer Media Reporter      23rd August 2018 Gold and base metals explorer Tethyan Resources has completed its first drill programme at the recently acquired Kizevak zinc/lead/silver project, in Serbia. The Kizevak project is situated on an exploration licence held by Tethyan’s Serbian subsidiary Taor and is located 1 km south-east along... 

Great Bear’s shares spike on high-grade gold discovery

By: Mariaan Webb     23rd August 2018 The share price of TSX-V-listed explorer Great Bear Resources spiked 64% on Wednesday, after the company announced a new high-grade gold discovery in the Hinge zone of its Dixie project, in the Red Lake district of Ontario. Drill results in hole DHZ-003 returned 16.35 m of 26.91 g/t gold,... 

Arrow sells last of Pilbara project to Pacton

By: Esmarie Iannucci     23rd August 2018 Junior Arrow Minerals has struck a deal with TSXV-listed Pacton Gold to divest of its remaining 49% interest in the Pilbara gold project, for C$2-million. The consideration will consist of C$1-million in cash and two-million Pacton shares. 

Free gold on cards at Harmony’s Wafi-Golpu project 

By: Martin Creamer     22nd August 2018 South Africa’s Harmony Gold is now in the next significant special-mining-lease milestone on the journey towards the co-development of the rich Wafi-Golpu project in Papua New Guinea (PNG), 65 km south-west of the Port of Lae, PNG’s industrial hub and second largest city. Harmony owns 50% of this... 

Free gold on cards at Harmony’s Wafi-Golpu project
Mining Weekly Online Editor Martin Creamer interviewing Harmony Gold CEO Peter Steenkamp. Video & Video Editing: Darlene Creamer. Photograph: Creamer Media Chief Photographer Dylan Slater.

South32 pulls option trigger in Peru

By: Esmarie Iannucci     22nd August 2018 Diversified miner South32 has exercised its option to earn a majority interest in ASX-listed Inca Minerals’ Greater Riqueza zinc/silver/lead project, in Peru. South32 has agreed to the Phase 1 exploration funding to acquire an initial 60% interest in the project by spending between $8-million... 

Gindalbie takes first stake in Mt Gunson

By: Esmarie Iannucci     22nd August 2018 ASX-listed Gindalbie Metals has earned its first 25% interest in the Mt Gunson copper/cobalt project, in South Australia, after spending its first A$1.37-million under a 2017 farm-in agreement. Under the agreement with Torrens Mining, Gindalbie could earn up to a 75% interest in the project... 

BMG forms JV in Chile

By: Esmarie Iannucci     22nd August 2018 Minerals explorer BMG Resources will form a joint venture (JV) to explore and potentially develop three lithium brine projects in Chile. The ASX-listed company signed an exclusive agreement with the owners of Lithium Chile Spa (LCS), which holds the lithium brine properties in the Salar de... 

Panoro to expand drilling programme in Peru

By: Creamer Media Reporter      21st August 2018 The Peru Mines and Energy Ministry has approved a second modification of the semi-detailed environmental-impact assessment for the Cotabambas project, allowing TSX-V-listed Ponoro Minerals to extend its exploration drilling programme into highly prospective areas of Cluster 2. Cluster 2 has been... 

Harmony enters 1.5m oz gold production realm

By: Martin Creamer     21st August 2018 The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair’s breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.... 

Harmony enters 1.5m oz gold production realm
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

Monax and Mithril team up

By: Esmarie Iannucci     21st August 2018 Juniors Monax Mining and Mithril Resources have struck a farm-in and joint venture agreement under which Monax could earn an 80% interest in the Limestone Well tenements, in Western Australia. Under the terms of the agreement, Monax will have to spend A$2.5-million over a five-year period to... 

PEA results show La Fortuna as ‘robust base’ for production growth

By: Nadine James     17th August 2018 TSX-listed Minera Alamos on Thursday announced positive preliminary economic assessment (PEA) results for the La Fortuna gold project, in Durango, Mexico. The PEA estimates average contained metal production of around 43 000 oz/y of gold, 220 000 oz/y of silver and 1 000 t/y of copper over a... 

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zinc developer secures offtake, funding for Nigeria project

17th August 2018 Australian zinc-focused mineral exploration company Symbol Mining has executed an offtake and marketing agreement for its shipping and sales programme for the Macy zinc project in Nigeria, with international commodities group Noble Resources International. The shipping and sales programme is... 

Zinc developer secures offtake, funding for Nigeria project
ON TARGET The first shipment of zinc and lead is expected from the Macy project in the third quarter

Wits to host earthmoving, maintenance courses

By: Nadine James     17th August 2018 The University of Witwatersrand (Wits) Centre for Mechanised Mining Systems – part of the Wits Mining Institute (WMI) – will present three-day courses in mechanised earthmoving and in maintenance management in November.  WMI director professor Fred Cawood is delighted to introduce the first two... 

Wits to host earthmoving, maintenance courses
Photo by Creamer Media
FRED CAWOOD These courses are aimed at engineers and technicians, and will be followed up by a best practice workshop on South African mechanised mining lessons in 2019

Call for three-year renewal of Canada’s exploration tax scheme to arrest signs of decline

By: Mariaan Webb     15th August 2018 The Mineral Exploration Tax Credit (METC), which incentivises exploration financing by providing individuals investing in companies exploring for minerals in Canada with a 15% tax credit on eligible expenditures, has to be renewed for at least three years to provide greater certainty and boost... 

Call for three-year renewal of Canada’s exploration tax scheme to arrest signs of decline

Orion turbocharges Prieska study 

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

NT launches new exploration programme

By: Esmarie Iannucci     15th August 2018 The Northern Territory government has launched a major new airborne geophysical survey is underway in the Tanami Desert as part of the territory government’s A$26-million investment in minerals exploration. The survey is one of the largest of its kind undertaken in the territory and the data... 

Caravel raises funds for WA copper project

By: Esmarie Iannucci     15th August 2018 Junior Caravel Minerals will raise just over A$2-million through a partially underwritten, non-renounceable rights issue to completion additional work at its Calingiri copper project, in Western Australia. Eligible shareholders will be able to apply for one new share for every three shares held,... 

Osisko buys in Québec- and Ontario-focused Beaufield

By: Creamer Media Reporter      15th August 2018 TSX-listed mine developer Osisko Mining announced on Tuesday that it had entered into a definitive agreement to buy TSX-V-listed explorer Beaufield Resources by way of a statutory plan of arrangement. Osisko president and CEO John Burzynski said that the proposed transaction should provide... 

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