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Cora Gold Limited Exploration Target Confirms Multi-Million Ounce Gold Potential for Sanankoro Gold Discovery

15th October 2018 Cora Gold Limited, the West African focused gold exploration company, is pleased to announce that SRK Consulting (UK) Ltd (“SRK”) has determined an initial Exploration Target of between 30 and 50 million tonnes of gold at a grade of between 1.0 and 1.3 g/t Au for its Sanankoro Gold Discovery... 

Galileo hits high zinc mineralisation in Phase 2 drilling programme

By: Marleny Arnoldi     15th October 2018 Aim-listed Galileo Resources has completed its Phase 2 diamond drilling programme and reported positive assay results so far for the first eight holes analysed, at its 80.75%-owned Star Zinc project, in Zambia. Phase 2 comprised 24 holes totalling about 1 000 m to depths, from surface, of... 

Consultants confirm at least 1Moz potential at Cora Gold’s Mali prospect

By: Marleny Arnoldi     15th October 2018 A report compiled by SRK Consulting has confirmed that gold explorer Cora Gold’s Sanankoro project, in Mali, has the potential to delineate between one-million and two-million ounces of gold to a depth of 100 m, also indicating the potential for significant further upside at depth. SRK derived an... 

Orion expects updated Prieska resource estimate by mid-December, BFS by Q2 2019

By: Marleny Arnoldi     15th October 2018 ASX- and JSE-listed Orion Minerals will publish an updated resource estimate for its Prieska zinc/copper project, in the Areachap Belt in South Africa’s Northern Cape province, in mid-December, which will underpin a bankable feasibility study (BFS) that is set for completion in the second quarter... 

Cradle Arc’s Thakadu mining licence extended to May 2020

By: Marleny Arnoldi     15th October 2018 Aim-listed copper and gold miner Cradle Arc has been granted an extension on its mining licence by the Botswana Ministry of Mineral Resources, Green Technology and Energy Security. The licence is now valid until May 31, 2020, and covers 28.5 km2, which includes the Thakadu openpit and adjacent... 

Azure has received strong interest in Mexico zinc project

By: Esmarie Iannucci     15th October 2018 The Oposura zinc/lead/silver project, in Mexico, would cost some A$69.9-million to develop, a scoping study has revealed. ASX-listed Azure Minerals on Monday revealed that the project could produce 19 000 t/y of zinc, 10 000 t/y of lead and 145 000 oz/y of silver, over an initial mine life of... 

Desert Lion announces maiden mineral resource estimate for Namibian project

By: Simone Liedtke     12th October 2018 TSX-V-listed Desert Lion Energy has completed a maiden mineral resource estimate for its Namibian lithium project, the company announced on Friday. The maiden mineral resource estimate comprised the Rubicon, Rubicon Slimes, Helikon 1, Helikon 2, Helikon 3, Helikon 4 and Helikon 5 deposits, and... 

Potential to expand mineral sands project

12th October 2018 The latest drilling results from Australian mineral exploration and development company Strandline Resources show there is significant potential to expand its 100% owned Tanga South Tajiri mineral sands project in Tanzania. The reconnaissance drilling returned multiple intersections of high-grade... 

Encouraging results from maiden drill

12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... 

Armadale releases half-year results

12th October 2018 Australian investment company Armadale Capital released its half-year report in September, showing a 25% resource upgrade proving that the Mahenge Liandu project is a significant discovery and detailing the completion of various projects. Armadale has been focusing on the scoping study and... 

Shanta looking to positive future in Tanzania

By: Erin Steenhoff-Snethlage     12th October 2018 Amid recent changes to Tanzanian mining legislation that has emphasised localisation, Guernsey-based East Africa gold producer Shanta Gold remains optimistic about its future mining prospects in the country, says Shanta Gold CEO Eric Zurrin. “The new legislation has worked in our favour, as we... 

Releasing exploration companies from onerous regulatory burdens is positive

By: Martin Creamer     12th October 2018 Mining Charter Three does not tie exploration companies down to the obligations it places on new mining licence applicants. Exploration has not been encumbered with 30% black economic empowerment obligations, 5% carried interest for labour, 5% carried interest for communities and the other boxes... 

Junior miner reports progress at its South African nickel/copper/platinum group project

By: Rebecca Campbell     12th October 2018 Early this month, London AIM-listed exploration and development group URU Metals released its final results for the 2017/2018 financial year (which ended on March 31 this year). During that year the company’s activities were focused on the exploration and development of its mineral properties in... 

Epiroc takes after-market service to the next level

11th October 2018 “When customers invest in our products they do so with peace of mind, resting assured in the knowledge that they can count on the support of a competent team throughout their product’s life cycle – this is Epiroc after-market,” states Floris Timmers, Regional Business Line Manager MRS (Mining &... 

A$60m Mt Carlton underground mine wins board approval

By: Esmarie Iannucci     11th October 2018 The board of gold miner Evolution Mining has approved the A$60-million development of the Mt Carlton underground mine, in Queensland. The miner on Thursday told shareholders that the start of the underground development would require regulatory approvals, and submissions to the Department of... 

Oz earns majority share in West Musgrave

By: Esmarie Iannucci     11th October 2018 ASX-listed Oz Minerals has earned a 51% interest in the West Musgrave nickel/copper project, in Western Australia, after spending A$22-million on the project area. Oz and its joint venture (JV) partner Cassini Resources are now conducting a prefeasibility study, with OZ CEO Andrew Cole saying... 

Avesoro on track to convert 1Moz from resources to reserves

By: Marleny Arnoldi     10th October 2018 TSX- and Aim-listed Avesoro Resources has reported positive drill results from its Ouaré and Gassore West deposits, and the discovery of two mineralised vein systems that are 1.5 km east of the company’s Youga gold processing plant, in Burkina Faso. Avesoro aims to convert 1-million ounces of... 

Prognoz likely to succeed Dukat as one of world’s largest silver deposits – Polymetal

By: Creamer Media Reporter      10th October 2018 LSE-listed Polymetal has announced an updated mineral resource estimate for the Prognoz silver deposit, in Yakutia, Russia, which the company says has the potential to be one of the world’s largest primary silver deposits. Prognoz has resources of 256-million ounces of silver-equivalent at 789 g/t. 

MGX prepares for drilling programme at new Chile projects

By: Mariaan Webb     9th October 2018 Canadian firm MGX Minerals is set to hit the road running in Chile, announcing on Tuesday that it had made its option agreement to acquire an interest in three lithium projects definitive and that it would start a drilling programme this week. MGX, which in August announced an option to buy into... 

Minister Endorses Exploration Permit – One Step Remains

9th October 2018 Georgian Mining Corporation is pleased to announce that the award of the pending exploration permit has taken a major step forwards with the endorsement of the application by Mr. George Kobulia, the Minister of Economy and Sustainable Development in Georgia.  The final step, the Government... 

Genesis adds to Ulysses resource

By: Esmarie Iannucci     9th October 2018 Gold developer Genesis Minerals has reported a 137% increase in the total mineral resource at its Ulysses gold project, in Western Australia. The project is now estimated to host some 760 000 oz of gold, up from the previous estimate of 321 000 oz.  

Hancock and Rio Tinto open new Pilbara mine

By: Esmarie Iannucci     9th October 2018 Miners Rio Tinto and Hancock Prospecting have opened the Baby Hope mine, marking the fourth mine to be developed at the Hope Downs operation, since the miners formed their Pilbara joint venture (JV) in mid-2005. The JV partners said that the development of the Baby Hope deposit would assist in... 

SA HIPPO goes big at the 2018 SASSDA Awards

By: Creamer Media Reporter      9th October 2018 Introduction In view of the success of the HIPPO Slurry pump and pumping systems range HAZLETON PUMPS® has entered into six of the categories for 2018 SASSDA awards; namely: 

Kefi gets Ethiopian government go-ahead for community resettlement plan

By: Marleny Arnoldi     8th October 2018 Aim-listed Kefi Minerals has received approval from Ethiopian authorities to proceed with the resettlement of the Tulu Kapi community, surrounding the company’s Tulu Kapi mine. Preparatory activities for the resettlement will now turn to an exhaustive community communication and consultation... 

Tharisa on track to meet 2020 targets after record FY18 production

By: Marleny Arnoldi     8th October 2018 The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The... 

Ramu increase on the cards

By: Esmarie Iannucci     8th October 2018 The share price of junior Highlands Pacific rose slightly Monday on news of the potential expansion of the Ramu nickel and cobalt operation, in Papua New Guinea, in which the company holds an 8.56%. Highlands on Monday confirmed that its project partner Metallurgical Corporation of China (MCC)... 

On-The-Air (05/10/2018) 

By: Martin Creamer     5th October 2018 Minerals Minister Gwede Mantashe this week made a strong call for price-hit platinum to be vigorously marketed; Desperately needed mineral exploration has received a major boost by being freed from regulatory red tape; and China is so impressed with South Africa’s mining investment codes that it... 

Beach sells 40% in Victorian Otway for A$344m

By: Esmarie Iannucci     5th October 2018 Australian energy company Beach Energy has struck a deal with O.G Energy to sell 40% of its Victorian Otway assets for A$344-million in cash. The Otway parcel includes the Otway gas plant, the existing Geographe, Thylacine, Hallandale, Speculant and Black Watch gas fields, as well as exploration... 

Centamin expects Q3 production improvements to carry through to Q4, but lowers FY guidance again

By: Simone Liedtke     5th October 2018 TSX- and LSE-listed Centamin produced 117 720 oz of gold in the third quarter ended September 30 – a 27% improvement on production in the second quarter, as a result of month-on-month operational improvements in the openpit and underground operations. In a statement on Friday, the gold miner... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Tech advances poised to shorten prospecting-to-mine-development timelines

By: Tracy Hancock     5th October 2018 The impact of the Fourth Industrial Revolution on the minerals industry has not yet played out, but South Africa's, and the world’s, ability to generate massive amounts of data and integrate and use them will undoubtedly improve, leading to an acceleration in mineral exploration in the future,... 

Junior gold miner reports strong earnings for first half of year

By: Rebecca Campbell     5th October 2018 UK-domiciled, London AIM-listed West African gold miner Hummingbird Resources has reported (in its unaudited financial results for the first half – H1 – of this calendar year) that its primary asset, the Yanfolilia Gold Mine in Mali, had recorded a solid performance that had been in line with the... 

Proper stimulation of mining can ensure better living standards for the people of South Africa

By: Martin Creamer     5th October 2018 Johannesburg and Los Angeles have something special in common. They were both catalysed by gold mining. The Witwatersrand gold rush of 1886 led to the establishment of Johannesburg and the California gold rush of 1848 led to the development of Los Angeles. Both cities are examples of the... 

Mining tech boosts competitiveness, efficiency

By: Marleny Arnoldi     4th October 2018 The miners of today look to create greater efficiencies to ensure their sustainability and profitability, which is greatly enabled with technology, a panel of speakers agreed during day two of the Joburg Indaba. Accenture Resources Africa MD Cameron Tandy said in a separate statement that the... 

Boart Longyear awarded GEMCO drilling contract in Australia

4th October 2018 The Groote Eylandt Mining Company (GEMCO) recently awarded a three-year drilling contract at the Groote Eylandt manganese mine to Boart LongyearTM Drilling Services. GEMCO is an open-cut mining operation, producing high-grade manganese ore that is shipped to GEMCO’s Tasmanian manganese alloy... 

Aeris pays down debts

By: Esmarie Iannucci     4th October 2018 ASX-listed Aeris Resources has made a $20-million dent in its debt, reducing its total debt to $29-million. Executive chairperson Andre Labuschagne said that the $20-million debt repayment meant that the company had now reduced its debt by more than $100-million since the current management... 

Great Boulder and Ausgold join hunt at Yamarna

By: Esmarie Iannucci     4th October 2018 Juniors Great Boulder Resources and Ausgold have entered into a joint venture agreement over the Yamarna nickel project, in Western Australia. Under the terms of the agreement, Great Boulder could earn a 75% interest in the Ausgold project by issuing that company with 1.5-million Great Boulder... 

Technical study sets RHA underground mine restart costs at $1.06m

By: Creamer Media Reporter      3rd October 2018 It will cost about $1.06-million to bring Aim-listed Premier African Minerals’ 49%-owned RHA underground tungsten mine, in Zimbabwe, back into production. The mine was put under care and maintenance late in 2017 amid cash flow constraints. 

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