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Exploration News

Chile attempts to block China from prize lithium asset

By: Reuters     14th March 2018 Chile's government has asked antitrust regulators to block the sale of a 32% stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles. Chile development agency Corfo, which... 

Exploration defines new prospect at Altus’ Mali licence

By: Simone Liedtke     13th March 2018 The first phase of prospecting at exploration project generator Altus Strategies’ Sebessounkoto Sud licence, in western Mali, has defined a 2.3-km-long target – the Soa prospect.   The prospect is located about 22 km from AngloGold Ashanti and IamGold's Sadiola gold mine. “Mapping, outcrop and... 

New Congolese mining code rattling mining companies

By: Megan van Wyngaardt     13th March 2018 Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory... 

Drilling starts on Thor's Senegal assets

By: Henry Lazenby     12th March 2018 Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide,... 

Drilling starts on Thor's Senegal assets
Photo by Thor Explorations
Thor Explorations starts drilling at Douta, Senegal

Regis reports maiden resource for Rosemont

By: Esmarie Swanepoel     12th March 2018 ASX-listed gold miner Regis Resources has reported a maiden inferred underground mineral resource estimate of 1.4-million tonnes, grading 5.1 g/t gold for 230 000 oz at its Rosemont project, in Western Australia. The resource estimate was sourced from a combination of the two discrete areas... 

St George raises funds for nickel exploration

By: Esmarie Swanepoel     12th March 2018 Nickel explorer St George Mining has raised A$4-million through a share placement to institutional and sophisticated investors to fund exploration and drilling programmes at the Mt Alexander nickel/copper sulphide project, in Western Australia. Some 22.2-million shares, priced at 18c each, will... 

Mauritania encourages new gold prospects

By: Tasneem Bulbulia     9th March 2018 Mauritania-based mining and exploration company Suricate Minerals is capitalising on the unexplored territories and the investor-friendly climate of the country to pioneer the development of gold deposits in north Mauritania, Suricate Minerals executive director Ahmed Hertani tells Mining Weekly.... 

Mauritania encourages new gold prospects
GOLDEN PROSPECTS Suricate Minerals has permits for prospecting in north Mauritania in the Archaean Reguibat shield, recognised by geologists as highly prospective for gold and base metals exploration

Roads agency intensifies mining-sector engagement

By: Nadine James     9th March 2018 Following its successful participation at the 2018 Investing in African Mining Indaba, the Roads Agency Limpopo (RAL) hosted a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality last month at Lapeng Guest Lodge in Burgersfort, Limpopo.... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

By: Henry Lazenby     8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success
Photo by Henry Lazenby
Osisko Mining chairperson Sean Roosen during a keynote address at PDAC 2018, in Toronto

MGX PEA outlines economic case for magnesium oxide production at Driftwood project

By: Henry Lazenby     7th March 2018 Exploration junior MGX Minerals has released the results of a preliminary economic assessment (PEA) for its Driftwood Creek magnesium project, located in British Columbia, outlining the project's potential to become a high-margin, low-cost producer of magnesium oxide (MgO). The early-stage... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Echo identifies new gold exploration area

By: Anine Kilian     7th March 2018 ASX-listed Echo Resources has identified a new, highly-prospective exploration area within its 1 600 m2 landholding in the Yandal gold belt, after the company identified a number of targets and geological controls based on recent gravity surveys completed within its tenement areas. The project... 

Nexa a pioneer of the new future of mining – Tito Martins

By: Henry Lazenby     6th March 2018 Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote session during the Prospectors and Developers Association of Canada's 2018 convention has heard.... 

Nexa a pioneer of the new future of mining – Tito Martins
Photo by Henry Lazenby
Nexa Resources president and CEO Tito Martins addresses the audience during the PDAC 2018 keynote session, in Toronto

Bluejay scoops Greenland prospector and developer award

By: Creamer Media Reporter      6th March 2018 Dual-listed Bluejay Mining has been awarded the ‘Prospector and Developer of the Year 2017’ award by the Greenland government. The award is given to companies or individuals who have demonstrated initiative and innovation within Greenland's mineral industry, robust environmental practices and... 

New life for Ausroc as it lists as Woomera Mining

By: Mariaan Webb     6th March 2018 Mining shell Ausroc Metals has a new lease on life with the reverse takeover of Woomera Exploration and relisting on the ASX on Monday. Woomera has successfully raised A$4.07-million at A$0.20 a share with its listing. 

Fall in Australia's greenfield minerals exploration worrying - Amec

By: Megan van Wyngaardt     6th March 2018 In the December 2017 quarter, Australian mineral exploration expenditure rose by 4.4% or A$20.9-million, compared with the last quarter, to A$496.1-million in original terms, the Australian Bureau of Statistics (ABS) reported on Tuesday. In its Australia mineral exploration statistics for the... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Partying with purpose: world's miners drink and deal after dry years

By: Reuters     5th March 2018 While not the premium liquor and prime rib parties of old, miners are laying on the cocktails again after several lean years, booking hotel lounges and nightclubs to twin drinks with deal making. An upbeat tone at the world's biggest mining conference comes as global exploration spending snaps a... 

Lundin Gold eyes growth after mine in Ecuador built

By: Reuters     5th March 2018 Lundin Gold has a hearty appetite for growth even as the Canadian miner focuses on building its first mine in Ecuador on time and budget, CEO Ron Hochstein said on Sunday. “We want to grow to be an at least one-million-ounce-a-year producer with three to four operations,” Hochstein said in an... 

Acoustic Zoom triumphs in #DisruptMining technology innovation contest

By: Henry Lazenby     5th March 2018 Three-dimensional (3D) drill hole seismic imaging technology innovator Acoustic Zoom has won the second annual #DisruptMining contest. Acoustic Zoom aims to unlock the potential of Canada's mineral exploration sector with high-frequency 3D imaging to help map complex geological formations deep... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Nautilus secures further bridge funding

By: Henry Lazenby     5th March 2018 TSX-listed marine mining project developer Nautilus Mining has secured a further bridge loan of up to $34-illion from Deep Sea Mining Finance, which is intended to tide the company over until it is able to start undersea mining at its flagship Solwara 1 project, offshore Papua New Guinea (PNG).... 

Trevali options BMC-based Murray Brook deposit; forms strategic exploration alliance with Puma

By: Henry Lazenby     5th March 2018 Zinc-focused explorer, project developer and miner Trevali Mining has signed a letter of intent (LOI) with junior Puma Exploration to acquire an interest in the Murray Brook deposit, located in New Brunswick's Bathurst Mining Camp (BMC). The Vancouver-based miner said on Friday that it will also... 

New exploration tool harnesses cosmic rays to find mineral deposits

By: Henry Lazenby     5th March 2018 A Vancouver-headquartered technology firm CRM Geotomography Technologies has developed a technology that exploits cosmic ray muons to find mineral deposits hidden underground. A spin-off company of TRIUMF Innovations, the commercialisation arm of TRIUMF – Canada's national particle accelerator... 

Amur completes ice road, starts bringing supplies to Kun-Manie

By: Schalk Burger     2nd March 2018 Aim-listed nickel/copper sulphide exploration and development company Amur Minerals has completed a 350 km ice road to its Kun-Manie project, in the Amur province in far east Russia, and has begun restocking supplies for the 2018 field season. In a press release issued on Friday, the company... 

European Metals assures shareholders of Czech rights amid purported MoU termination

By: Simone Liedtke     2nd March 2018 Mineral exploration and development company European Metals on Friday said correspondence received by the company from Czech Republic Industry and Trade Minister Thomas Huner purports to terminate the memorandum of understanding (MoU) between the company and the Ministry of Industry and Trade.... 

Testwork confirms prospects for new silica sand mine at Cape Bedford

By: Simone Liedtke     2nd March 2018 Prospects for a new silica sand mine in North Queensland have received a boost, with ASX-listed Diatreme Resources announcing that results from initial metallurgical testwork show that the project is capable of producing high-quality glass-grade silica sand. Six bulk samples were wet tabled to... 

Testwork confirms prospects for new silica sand mine at Cape Bedford
Cape Bedford Drilling

Mining Indaba achieves ‘support’ goal, sees increase in investor interest

By: Jessica Oosthuizen     2nd March 2018 The goal of the 2018 Investing in African Mining Indaba – to support junior, midtier and major miners through investment and finance while enhancing the platform to include more discussion on sustainability – has been met, says event organiser Mining Indaba director of content Harry Chapman. He... 

Mining Indaba achieves ‘support’ goal, sees increase in investor interest
INVESTOR CONFIDENCE There was a 23% increase in international investor attendance at this year’s Investing in African Mining Indaba

Ramaphosa integral to mining’s fresh start – lawyer

By: Nadine James     2nd March 2018 There is an urgent need for a fresh start in mining to secure a new deal for the sector, says auditing and advisory firm BDO South Africa’s Africa desk leader Owen Murphy, suggesting that newly elected South African President Cyril Ramaphosa could be integral to this new start. The local mining... 

A proposal to the President - A six-point plan

2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

Huge gold reserves under the city of Johannesburg – historian  

By: Nadine James     2nd March 2018 There should be significant reserves of gold north of the Main Reef line, buried beneath the built up areas of Johannesburg and Langlaagte, among others, posits Kloofendal Nature Reserve historian Rod. R. Kruger in his paper; ‘The Origins of the Original Witwatersrand Gold Fields’. “When George... 

Huge gold reserves under the city of Johannesburg – historian
ROD KRUGER It is probable that these gold pipes still exist, north of the Main Reef

Secova quadruples Quebec-based cobalt portfolio

By: Henry Lazenby     1st March 2018 Junior explorer Secova Metals enjoyed a 25% bump in its TSX-V-listed equity this week after it reported the acquisition of a numbered British Columbia company that added 40 claims or about 2 186 ha of prospective cobalt lands to its portfolio, located in eastern Quebec. The exploration assets... 

Miners broadly welcome federal Budget 2018 bar some caveats

By: Henry Lazenby     1st March 2018 The Canadian mining industry has welcomed the federal 2018 budget that was announced this week, highlighting particular support for the extension of the Mineral Exploration Tax Credit and several additional funds made available for critical skills training. Canada's Budget 2018, tabled by... 

Miners broadly welcome federal Budget 2018 bar some caveats
Photo by Reuters
Canada's Finance Minister Bill Morneau delivers the budget in Ottawa

PGM and base metals-focused explorer lists on the ASX

By: Creamer Media Reporter      1st March 2018 The Australian bourse has welcomed a new exploration and development company to its registry, with Podium Minerals listing on the exchange this week, following a capital raising of A$5.5-million before costs. The capital raising consisted of a rights issue and priority offer that was underwritten... 

Dajin's Argentina JV hits high grades as the company readies for Nevada drilling

By: Henry Lazenby     28th February 2018 A surface sampling programme focused on an area of overlapping interest of the Salinas Grandes project, in Argentina – a joint venture (JV) property owned by Toronto-based LSC Lithium and Vancouver-based Dajin Resources – has extended the lithium footprint and confirmed the high-grade nature of... 

Dajin's Argentina JV hits high grades as the company readies for Nevada drilling

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups

By: Henry Lazenby     28th February 2018 Precious metals-focused project developer Seabridge Gold has undertaken significant effort to remediate the historic mining activities at the Johnny Mountain and Bronson mines, in north-western British Columbia, spending about C$6-million to date to ensure that the Iskut project is in compliance... 

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups
Photo by Seabridge Gold
The Johnny Mountain area around old mill building after Seabridge Gold's remediation efforts

Fission exploration continues to grow PLS mineralisation

By: Henry Lazenby     27th February 2018 On the heels of announcing a 30% resource expansion at its flagship Patterson Lake South (PLS) project, in North-Western Saskatcewan, Fission Uranium is again making waves after the first four drill holes of the winter drill campaign hit wide mineralisation. The Kelowna, British Columbia-based... 

Anaconda lifts Point Rousse resource estimate

By: Henry Lazenby     27th February 2018 Junior gold producer Anaconda Mining has filed a new resource estimate for its Point Rousse gold project, located near Baie Verte, in Newfoundland and Labrador. Effective from December 31, the latest resource estimate for the project comprise the Pine Cove, Stog'er Tight and Argyle deposits,... 

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