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Exploration News

Bluejay makes key feasibility appointments, changes project name

By: Mariaan Webb     13th October 2017 Mineral sands project developer Bluejay Mining on Friday announced the appointment of four consultants to advance key elements of the feasibility study for its newly renamed Dundas ilmenite project, in Greenland. The consultants that will work on the feasibility study for project, which was... 

Dalradian gets another $20m cash injection on warrant exercises

By: Henry Lazenby     13th October 2017 Canadian gold explorer Dalradian Resources reported a C$19.96-million cash injection after holders of common share purchase warrants originally issued on October 7, 2015, were exercised. The Toronto-headquartered company, with equity listings on both the TSX and Aim, said about 50.18-million of... 

Angola grants gold exploration concession as it seeks to diversify economy

By: Keith Campbell     13th October 2017 A public/private partnership (PPP) has been granted a concession to prospect for gold in the Angolan province of Cabinda, the Macauhub news agency has reported. The PPP is named Mongo Mongo Mineração Limitada (Mongo Mongo Mining Limited). Its shareholders are the State-owned Empresa Nacional de... 

CoAL settles major liabilities, transitions into coal producer in 'extremely positive year'

By: Mia Breytenbach     13th October 2017 Following an “extremely positive and transformational year” in which South Africa-focused Coal of Africa Limited (CoAL) achieved significant milestones, such as settling significant liabilities and transitioning into a coal producer with the acquisition of the cash-generative Uitkomst colliery,... 

Integra quick to outline inferred resource at DeLamar mine, Idaho

By: Henry Lazenby     11th October 2017 Junior explorer Integra Resources has outlined a new inferred resource at the DeLamar gold/silver mine, in southern Idaho, saying it is a critical first step on an 18- to 24-month journey to develop the brownfield project. “There is appetite in the market for new stories right now. DeLamar has... 

Integra quick to outline inferred resource at DeLamar mine, Idaho
Photo by Integra Resources
Integra Resources president and CEO George Salamis

Altus sets out intention to buy Legend Gold

By: Ilan Solomons     11th October 2017 Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... 

Altus sets out intention to buy Legend Gold
Photo by Legend Gold Corp
The Diba gold resource, on the Korali Sud licence, includes intersections of 5.36 g/t gold over 13 m and 13.88 g/t gold over 8 m

Qld releases more exploration acreage

By: Esmarie Swanepoel     11th October 2017 The Queensland government will release more than 19 000 km2 of land for gas exploration as part of its annual exploration programme, Natural Resources and Mines Minister Dr Anthony Lynham said on Wednesday. The gas generated from these exploration tenements will be used to power local... 

Hastings increases Yangibana resource

By: Esmarie Swanepoel     11th October 2017 The Joint Ore Reserves Committee compliant resource at the Yangibana rare earths project, in Western Australia, has now increased to more than 20.5-million tonnes, ASX-listed Hastings Technology Metals reported. The new resource estimate includes recent drilling results at two new targets, and... 

Laramide unveils maiden uranium resource at Church Rock

By: Henry Lazenby     11th October 2017 Dual-listed Laramide Resources has announced a maiden inferred resource for its Church Rock in-situ recovery (ISR) project, in New Mexico. Prepared by Roscoe Postle Associates, in Denver Colorado, with the assistance of Laramide's technical team, the technical report calculated a compliant... 

Investor appetite for mining projects can be whetted by accurate project scopes – DRA

By: Schalk Burger     10th October 2017 To attract investment, it has become necessary for organisations to complete projects under budget and well ahead of schedule, diversified engineering multinational DRA Global CEO Wray Carvelas says. While investment appetite seems to be returning to the mining sector as investors look to unlock... 

Gold, zinc explorers spearhead reversal of five-year global exploration downturn

By: Samantha Herbst     10th October 2017 Boosted by increased exploration efforts in the gold and zinc sectors, the global nonferrous exploration budget is up in 2017 – for the first time since 2012 – by more than 14%, year-on-year, to $7.95-billion, according to new analysis by S&P Global Market Intelligence. The twenty-eighth edition... 

Gold, zinc explorers spearhead reversal of five-year global exploration downturn

Bluejay increases land position in Greenland

By: Creamer Media Reporter      10th October 2017 Aim- and FSE-listed Bluejay Mining has increased its landholding in south-west Greenland, where it sees potential for mineralisation similar to that of the Norilsk-Talnakh nickel/copper sulphide mine, located in northern Russia. Bluejay increased its land package for the Disko-Nuussauq magmatic... 

Hopes for Liberia’s first diamond mine rise on general election 

By: Martin Creamer     9th October 2017 This year's discovery of two new additional diamond-bearing pipes that are satellites to an earlier-discovered main diamond-bearing kimberlite pipe have boosted hopes for the establishment of the first diamond mine in Liberia, where artisanal activity has been the mainstay of diamond recovery in... 

Hopes for Liberia’s first diamond mine rise on general election
Florida International University distinguished research professor Stephen E Haggerty outlines Liberia’s diamond prospects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva

Zwane urges development of more African geological surveys

By: African News Agency      9th October 2017 Mineral Resources Minister Mosebenzi Zwane on Monday said that the limited knowledge of geosciences in Africa was thwarting appropriate steps to enable maximisation of development needed to transform the social and economic fabric of the continent. Zwane said that the role played by geological... 

Cora Gold lists on Aim; to advance Mali exploration

By: Anine Kilian     9th October 2017 West Africa-focused gold developer Cora Gold has started trading on the Aim. As part of the admission process, the company has raised £3.45-million through the placing and subscription of 20.93-million new ordinary shares at a placing price of 16.5p each, implying a market capitalisation of... 

New Gold pours first gold at Rainy River

By: Henry Lazenby     7th October 2017 Following significant delays and budget blowouts, miner New Gold has finally poured first gold at its $1-billion-plus Rainy River project, in Ontario, the company reported on Friday. The TSX and NYSE American-listed miner said the first pour yielded about 500 oz of gold and 600 oz of silver. 

First Cobalt samples high-grade mineralisation styles among historic Cobalt Camp mines

By: Henry Lazenby     6th October 2017 Project consolidator First Cobalt has sampled high-grade mineralisation styles from several historic mines it owns in the prospective Cobalt Mining Camp, in Ontario, located about 400 km north of Toronto. The Toronto-headquartered company announced on Thursday that high-grade vein style... 

Large and small miners announce, plan contract awards for Moz projects

By: Keith Campbell     6th October 2017 Brazilian mining group Vale has awarded Mota-Engil Africa a $445-million contract to supply mining services to the Moatize coal mine, in Mozambique’s Tete province, the Macauhub news agency has reported. Mota-Engil Africa is a subsidiary of the Portuguese engineering, construction, contract... 

Botswana Diamonds ‘the only company’ exploring for kimberlites in South Africa

By: Dylan Slater     6th October 2017 Diamond mining and exploration company Botswana Diamonds “has South Africa to itself” in terms of exploring for new and undiscovered kimberlites, as no other major exploration projects are currently under way, according to MD James Campbell.  

First gold pour at new Mali gold mine by year-end

By: Mia Breytenbach     6th October 2017 The ball mill shell has been successfully installed at emerging gold miner Hummingbird Resources’ flagship Yanfolila project, in Mali, which remains on schedule and on budget for the first gold pour by the end of this year. The installation is a significant milestone in progressing the project to... 

First gold pour at new Mali gold mine by year-end
OPERATIONAL HIGHLIGHT Installation of the ball mill shell, following delivery of the ball mill are key milestones in progressing the project to production

Civil society bodies resisting plan for a coal mine in Mpumalanga

By: Mia Breytenbach     6th October 2017 A coalition of eight civil society and community organisations, represented by the Centre for Environmental Rights (CER), which is resisting a proposed coal mine inside a declared protected environment and strategic water source area in Mpumalanga, has stepped up its resistance with further legal... 

Civil society bodies resisting plan for a coal mine in Mpumalanga
Photo by Victor Moolman
CONTESTED COMMODITY Various legal proceedings are under way to oppose the proposed 15-year Yzermyn underground coal mine

De Beers’ diamond exploration grinding to halt on government issues 

By: Martin Creamer     5th October 2017 The exploration programme of De Beers Consolidated Mines (DBCM) is grinding to a halt owing to the ongoing issues the iconic diamond mining company is experiencing with South Africa’s Department of Minerals Resources (DMR). With the hold-up of as many as 54 prospecting licence applications for as... 

De Beers’ diamond exploration grinding to halt on government issues
De Beers Consolidated Mines CEO Phillip Barton talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Ardiden reports maiden resource at Canada's Seymour Lake

By: Esmarie Swanepoel     4th October 2017 ASX-listed junior Ardiden has reported a maiden Joint Ore Reserves Committee-compliant resource estimate of 1.23-million tonnes at its Seymour Lake lithium project, in Canada. Grading 1.43% lithium oxide, the Seymour Lake project is estimated to host a mineral resource of about 8.2-million... 

Base upgrades Kwale South Dune resource

By: Esmarie Swanepoel     4th October 2017 Mineral sands miner Base Resources has reported a 29% increase in the mineral resource at its Kwale South Dune deposit, in Kenya. The South Dune deposit is estimated to host some 114. 1-million tonne of resource at an average heavy mineral grade of between 3% and 25% slimes for 3.47-million... 

Osisko intersects 27 g/t gold over 2.7 m at Lynx deposit

By: Henry Lazenby     4th October 2017 Gold explorer Osisko Mining has reported more high-grade intercepts at its show-stopping Windfall Lake property, in Urban Township, Quebec. The Toronto-based miner, whose legacy projects include the massive Canadian Malartic mine, on Tuesday reported that hole OSK-W-17-906 – part of an ongoing... 

Kennady reports maiden 5.02m ct resource for Faraday kimberlites

By: Henry Lazenby     4th October 2017 Explorer Kennady Diamonds has reported a maiden inferred resource for the Faraday kimberlites near the Gahcho Kué mine, in Canada’s Northwest Territories of more than 5.02-million carats. The Toronto-headquartered company, the exploration spinout of Mountain Province Diamonds, on Tuesday reported... 

BHP gearing up to start drilling for oil in Mexico's deep waters

By: Bloomberg     3rd October 2017 BHP Billiton is getting closer to drilling its first oil wells in Mexico’s deep waters. The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine

By: Henry Lazenby     3rd October 2017 Junior explorer Broadway Gold Mining has started work on a 3 050-m Phase III surface drilling programme targeting copper/gold porphyry mineralisation at the company’s 100%-owned Madison project, in the fabled Butte-Anaconda mining region of Montana. Extensive geological interpretation of Phase I... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine
Photo by Duane Daws
Broadway Gold Mining president and CEO Duane Parnham sees 'company maker' potential at Madison, Montana

GoldStone appoints new chairperson

By: Creamer Media Reporter      2nd October 2017 West and Central Africa-focused gold exploration company GoldStone Resources has appointed William (Bill) Trew nonexecutive chairperson with immediate effect. He takes over from Neil Gardyne, who resigns from GoldStone’s board with immediate effect. 

Beowulf aims to establish producing graphite mine within three years

By: Creamer Media Reporter      2nd October 2017 Explorer and developer Beowulf Mining remains committed to establishing a producing graphite mine in eastern Finland within the next three years, CEO Kurt Budge said on Monday, announcing the results of a testwork programme at the Aitolampi project. The latest testwork delivered positive results,... 

Cruz Cobalt expands Chicken Hawk landholdings

By: Henry Lazenby     29th September 2017 Cobalt exploration junior Cruz Cobalt has expanded its landholdings at the Chicken Hawk cobalt project, in Deer Lodge county, Montana, adding a further 30 claims to enlarge the prospect to 785 ha. The TSX-V-quoted company earlier this month mobilised exploration crews to the project site to... 

Interest building in attractive tax incentive for mine owners

By: Martin Creamer     29th September 2017 Interest is building in the Section 12J of the Income Tax Act incentive structure introduced by Treasury to promote venture capital investments and stimulate growth and job creation in the South African economy, Mining Weekly Online can report. The aim of Section 12J is to encourage investment... 

Interest building in attractive tax incentive for mine owners
Photo by Jaltech
Possible structure for Section 12J tax incentive

CoAL seeks greater self-sufficiency after transformational FY17

By: Mia Breytenbach     29th September 2017 Following an “extremely positive and transformational year” in which South Africa-focused Coal of Africa Limited (CoAL) achieved significant milestones, such as the settlement of significant liabilities and transitioning into a coal producer with the acquisition of the cash-generative Uitkomst... 

CoAL seeks greater self-sufficiency after transformational FY17
Photo by Duane Daws
David Brown

Hammer nails down Canadian deal

By: Esmarie Swanepoel     29th September 2017 ASX-listed junior Hammer Metals has signed a definitive agreement with TSX-V listed Global Energy Metals Corporation (GEMC) that will earn the Canadian firm a 75% interest in the Millennium cobalt project, in Queensland. Under the terms of the agreement, GEMC will have to spend a minimum of... 

Minotaur raises cash for exploration

By: Esmarie Swanepoel     29th September 2017 ASX-listed explorer Minotaur Exploration has raised A$1-million through a share placement to sophisticated and institutional investors, and was hoping to match that figure in a share purchase plan (SPP). The company on Friday noted that it had raised an initial A$1-million through a share... 

Sierra lifts Yauricocha M&I resources 68%

By: Henry Lazenby     29th September 2017 Canadian miner Sierra Metals announced on Thursday that its ongoing brownfield exploration at the producing Yauricocha mine, located in Yauyos province, Peru, has increased the resource statement's compliant measured and indicated resources by 68%, and its inferred resources by 77%. The... 

Canadian Zinc up-sizes Prairie Creek mine, feasibility confirms strong economics

By: Henry Lazenby     29th September 2017 Development company Canadian Zinc has published the results of a feasibility study on its Prairie Creek project, in Canada’s Northwest Territories, demonstrating a significant increase in the mining rate and mill throughput that will enable production of more zinc, lead and silver, at lower... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart

By: Henry Lazenby     29th September 2017 One of America’s most famous mines is set to restart operations, after a team of mine developers that have done it before in Idaho’s Silver Valley, recently obtained a lease and option to buy the historic brownfields project. Using a Canadian shell company to advance the acquisition of the... 

America’s ‘most storied mine’ under new management as Bunker Hill aims at restart
Photo by US EPA
The Bunker Hill smelter operating in winter snow in the 1970s

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