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Exploration News

Qld invests in exploration

By: Esmarie Iannucci     30th July 2021 The Queensland government has awarded A$2.5-million in funding to 16 local companies to support mineral exploration work in the region. “New economy minerals are powering the global energy transition, and we need to make sure Queensland is capitalising by allowing enterprising explorers to seek... 

IAMGOLD completes Phase 1 drilling at Faré prospect

By: Donna Slater     29th July 2021 West Africa-focussed explorer Oriole Resources, which manages activities at the Faré prospect at the Senala project in a joint venture with IAMGOLD, reports that IAMGOLD has completed its Phase 1 drilling programme at the prospect. The programme included 689.5 m of diamond drilling and 4 854 m... 

Resources Watch  

28th July 2021 This week: Extremely strong demand for platinum bar and coin; Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers; and, Mine achieves massive earnings boost after employing four more people 

Image of Resources Watch Show
Resources Watch

Egypt, Barrick Gold sign four contracts for gold exploration

By: Reuters     27th July 2021 Egypt has signed four contracts with Barrick Gold for gold exploration in the country's Eastern Desert, the ministry of petroleum and mineral resources said on Tuesday. The company, based in Toronto, will search for gold in 19 blocks in the Eastern Desert, with a total investment of $8.8-million,... 

Vizsla takes drilling break amid Covid wave

By: Creamer Media Reporter      27th July 2021 Junior explorer and developer Vizsla Silver has suspended drilling at its Panuco project, in Mexico, for two weeks in response to an increase in Covid-19 cases in the region where it operates. “The current wave of the Covid-19 virus is the most significant experienced to date in southern... 

Wits to host two short courses to empower mining leaders

By: Donna Slater     26th July 2021 The Wits Mining Institute (WMI) will be hosting two of its Empowering Leaders short courses, in a face-to-face format, from August 23 to 28. The first course will focus on long-term systems thinking and planning in the minerals sector, equipping leaders with skills and insights to understand,... 

An image of Wits Mining Institute's Julie Courtnage
Wits Mining Institute course presenter Julie Courtnage

Galantas kicks off new drilling programme at Omagh

By: Creamer Media Reporter      26th July 2021 TSX-V and Aim-listed Galantas Gold on Monday announced a new surface and underground exploration programme, comprising 4 000 m of diamond drilling at the Omagh gold mine, in Northern Ireland. Drilling would focus on the Kearney and Joshua veins, two of many high-priority targets on the company’s... 

Galantas kicks off new drilling programme at Omagh

Harte Gold discovers new greenfield area near Sugar Zone

By: Creamer Media Reporter      26th July 2021 The share price of junior Harte Gold rose on Friday, as the embattled company announced the discovery of a new greenfield mineralised area about 8.5 km north-west of its Sugar Zone mine, in Ontario. The discovery of the area, named the 007 Showing, was the result of the company’s ongoing... 

Akobo confident of small-scale mining potential with Segele exploration

By: Donna Slater     23rd July 2021 Ethiopia-based gold explorer Akobo Minerals reports that it has found a continuation of a high-grade gold zone at depth, beneath the Segele mineral resource, with new assays demonstrating that the high-grade mineralisation extends to at least 145 m and quite possibly deeper. The resource... 

Orion Minerals, SAIMM, Anglo American make headlines   

23rd July 2021 Mining Weekly Editor Martin Creamer unpacks the news that over 14 000 South Africans own shares in Orion minerals, which is good support for local minerals exploration; a mine has achieved a massive earnings boost following the employment of four more people and guided by a value driver tree... 

Image of Martin Creamer
Orion Minerals, SAIMM, Anglo American make headlines

Funding needed for Korean projects

By: Nadine Ramdass     23rd July 2021 Privately owned polymetallic mining company Korean Metals (KME) is seeking to increase funding for the development of its projects in South Korea. KME has cost effectively established a portfolio of high-grade polymetallic projects having conducted exploration, compiled detailed technical reports... 


UISEONG PROJECT
Rhyodacite dome intrusion
UISEONG PROJECT Rhyodacite dome intrusion

South Korea attractive for exploration spend

By: Nadine Ramdass     23rd July 2021 South Korea has numerous advantages that make it attractive for exploration investment, says privately owned polymetallic mining company Korean Metals (KME) MD Chris Sennitt. KME directors have field-checked historical mines and deposits and operated in Korea for over 26 years, enabling KME to... 

ONSAN REFINERIES AND PORT INFRASTRUCTURE
Domestic companies have focused on refining
ONSAN REFINERIES AND PORT INFRASTRUCTURE Domestic companies have focused on refining

Resources Watch  

21st July 2021 This week: Exploration is quick foreign investment ‘no brainer’; and, Things are very rosy in the world of AfriTin 

Resources Watch
Resources Watch

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Recent Makuutu drilling points to significant rare earth deposit – Ionic

By: Donna Slater     20th July 2021 ASX-listed rare earth mineral explorer Ionic Rare Earths reports that recent results of a Phase 3 rotary air blast (RAB) exploration drill programme at its 51%-owned Makuutu rare earths project, in Uganda, provide significant upside for additional resource expansion at the project. The explorer... 

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Endeavour Silver picks up Nevada exploration property

By: Creamer Media Reporter      20th July 2021 Mid-tier miner Endeavour Silver on Monday announced the acquisition of a precious metals exploration property in Nye, Nevada, for $10-million in cash. Endeavour CEO Dan Dickson said the Bruner property represented a good start on building an attractive gold/silver portfolio in Nevada. “It... 

Western Mines Group starts trading on the ASX

By: Esmarie Iannucci     20th July 2021 Junior Western Mines Group has started trading on the ASX, after raising A$5.5-million in an oversubscribed initial public offering (IPO). The company issued 27.5-million shares, at a price of 20c each, and on listing, had 43.8-million shares on issue, and an enterprise value of A$3.26-million... 

Scottie and AUX close amalgamation

By: Creamer Media Reporter      19th July 2021 Juniors Scottie Resources and AUX Resources have completed their amalgamation, combining two sizeable and complementary land packages in the Stewart mining camp. The amalgamation with AUX significantly increases Scottie’s land package in the Stewart area from just over 25 000 ha to more than 50... 

Quebec invests in gold developer Troilus

By: Creamer Media Reporter      19th July 2021 TSX-V-listed advanced stage exploration and development company Troilus Gold has closed a C$11.5-million private placement with the government of Quebec, through Investissement Québec (IQ). Quebec purchased an aggregate of 10.14-million units at a price of C$1.10 an unit, each comprising one... 

Aeon raises funds

By: Esmarie Iannucci     19th July 2021 ASX-listed Aeon Metals will raise A$9.5-million through a share placement and share purchase plan (SPP) to fund exploration work in Queensland. Aeon on Monday announced that it would issue more than 86.2-million shares, at a price of 5.8c each, to raise an initial A$5-million under the... 

Greenland scraps all future oil exploration on climate concerns

By: Bloomberg     16th July 2021 Greenland dropped all plans for future oil exploration on environmental grounds, saying the price of extraction was “too high". The island’s socialist-led government, in office since April, has made climate concerns central to its legislative program. While the decision to scrap planned... 

Greenland scraps all future oil exploration on climate concerns

Los Cerros raises A$20m for Colombian gold hunt

By: Esmarie Iannucci     16th July 2021 South American-focused Los Cerros will raise A$20-million in a share placement to professional and sophisticated investors to fund an expanded exploration programme at its assets in Colombia. A share placement will be undertaken in two tranches, with the first tranche of 121.8-million sahres,... 

Remote sensing key for construction in mining

By: Anna Moross     16th July 2021 Remote sensing techniques – the distanced procurement of information about objects or areas with indirect contact sensors – can improve the speed, accuracy and cost effectiveness of surveying for construction in mining, says University of Pretoria Department of Engineering and Technology... 

SCHALK GROBBELAAR
Remote sensing techniques help to ensure effective production during the important phases of construction
SCHALK GROBBELAAR Remote sensing techniques help to ensure effective production during the important phases of construction

Pandemic approach ensures future prospects

By: Anna Moross     16th July 2021 Construction and mining service group Teichmann’s Covid-19 approach enabled it to not only create new opportunities in mining construction but also ensured work was completed on schedule.  

TEICHMANN CONTRACT 
By mobilising before the border closures and other Covid-19 restrictions were imposed by governments, the company was well prepared to complete the Moma project
TEICHMANN CONTRACT By mobilising before the border closures and other Covid-19 restrictions were imposed by governments, the company was well prepared to complete the Moma project

Portfolio growth spurs construction projects

By: Anna Moross     16th July 2021 The East Manganese mine construction project, in the Northern Cape, is part of investment company Menar’s strategy to diversify its mineral portfolio, says Menar head of projects Gerhard Cronje.  

EAST MANGANESE MINE
Construction at the manganese mine began in September 2020 with various civil infrastructure components
EAST MANGANESE MINE Construction at the manganese mine began in September 2020 with various civil infrastructure components

Capital achieves its strongest interim performance yet 

By: Donna Slater     15th July 2021 LSE-listed mining services company Capital reports that its revenue for the six months ended June 30 had increased by 52% year-on-year to $98.7-million Focused on African markets, Capital also increased its fleet use by 79% year-on-year, with average used rigs totalling 81.  

An image of the Sukari openpit gold mine in Egypt
The Sukari gold mine in Egypt

Matsa raises drilling funds

By: Esmarie Iannucci     15th July 2021 Junior Matsa Resources will raise A$3.38-million in a share placement to fund drilling at its Lake Carey gold project, in Western Australia. The ASX-listed company on Thursday said that it would place some 42.2-million shares, at a price of 8c each, with the placement to include a free... 

Extended JMEI opens for applications

By: Esmarie Iannucci     15th July 2021 The federal government has opened the A$100-million extension of the Junior Minerals Exploration Incentive (JMEI) for application by junior mineral explorers. The JMEI is a tax credit arrangement which allows junior mineral exploration companies to pass future tax deductions (losses) to... 

Drill programme shows potential of Makuutu

By: Tasneem Bulbulia     14th July 2021 ASX-listed Ionic Rare Earths has received assays from the Phase 3 rotary air blast (RAB) exploration drill programme at its 51%-owned Makuutu project in Uganda, with these indicating positive results. Clay and saprolite mineralisation intersections above the cut-off grade of 200 ppm total rare... 

Resources Watch  

14th July 2021 This week: Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal; Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO; and, Explorer within striking distance of declaring maiden SA diamond resource  

Image of Resources Watch show
Resources Watch

AngloGold makes nonbinding offer to acquire Corvus Gold

By: Marleny Arnoldi     13th July 2021 JSE-listed AngloGold Ashanti has submitted a nonbinding proposal to the board of TSX-listed Corvus Gold to acquire all of its issued and outstanding common shares for about $370-million. AngloGold already holds a 19.5% indirect interest in Corvus, which owns the North Bullfrog, Mother Lode and... 

Picture showing exploration activities in Nevada, in the United States.

Exploration is quick foreign investment ‘no brainer’, says Minerals Council’s Smart  

By: Martin Creamer     13th July 2021 Exploration is one of the quickest ways to secure foreign direct investment into South Africa for the generation of desperately needed jobs and wealth during the country's hour of need, said Minerals Council South Africa junior and emerging miners’ leadership forum chairperson Errol Smart on... 

Picture of Errol Smart, who is also CEO of Orion Minerals.
Minerals Council Junior Leadership Forum chair Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australian Rare Earths adds to acreage

By: Esmarie Iannucci     13th July 2021 ASX-listed Australian Rare Earths has reported a 40% increase in its Koppamurra project area, with the grant of a new exploration license in South Australia. The new exploration license brings the total granted tenure of the Koppamurra project to 2 136 km2 spanning South Australia and Victoria. 

Japan Gold financing ‘significantly’ oversubscribed

By: Mariaan Webb     12th July 2021 TSX-V-listed exploration company Japan Gold has closed an upsized C$17-million nonbrokered private placement, the proceeds of which it will use to initiate new drill programmes on two wholly owned projects in Japan. Chairperson and CEO John Proust says Japan Gold has received “overwhelming”... 

Balkan to start trading on the ASX

By: Esmarie Iannucci     12th July 2021 Junior Jadar Resources on Monday announced that its spin-out company Balkan Mining and Minerals had been admitted on the ASX, with trading to start on July 14. Jadar in February this year announced plans to spin out its Serbian lithium and borate assets into the newly incorporated Balkan Mining... 

Agnico reports positive mid-year results from biggest-ever exploration initiative

By: Mariaan Webb     9th July 2021 Precious metals miner Agnico Eagle’s most ambitious exploration programme in its 64-year history is delivering positive results, CEO Sean Boyd reported on Thursday. The Canadian company budgeted a record $163-million for exploration this year, following significant exploration results observed... 

Agnico reports positive mid-year results from biggest-ever exploration initiative

Detection device useful in African exploration

By: Darren Parker     9th July 2021 German environmental technology company InterEnviroCon’s spectrometric device for the detection of rare-earth oxides is useful in African mining and exploration because it can be successfully operated by less qualified personnel while relaying detailed information for expert analysts. Samples... 

SPECTOMETRIC DETECTION The special design of the device features a bendable measuring head with a diameter of 15 cm
SPECTOMETRIC DETECTION The special design of the device features a bendable measuring head with a diameter of 15 cm
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