R/€ = 19.23 Change: -0.07
R/$ = 17.00 Change: 0.01
Au 1784.11 $/oz Change: 8.81
Pt 824.00 $/oz Change: 8.95

Exploration News

Group Eleven intersects its ‘best-ever mineralisation’

By: Donna Slater     Updated 2 hours 29 minutes ago Vancouver-headquartered zinc explorer Group Eleven’s share price surged nearly 40% on Monday, as the company announced its best-ever mineralisation at the PG West project in Ireland. The company intersected 10.3 m of 14.6% zinc, 5% lead (19.6% combined) and 43 g/t silver during its drilling... 

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     Updated 2 hours 45 minutes ago Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

Endeavour permitted to mine extended area around Houndé mine

By: Marleny Arnoldi     Updated 3 hours ago TSX-listed Endeavour Mining has been granted a mining permit extension by the Burkina Faso government, covering the full Kari Area at its Houndé gold mine. The Kari area hosts the Kari Gap, Kari South, Kari Pump, Kari Center and Kari West discoveries.  

Altus defines 4.8Mt indicated resource at Mali project

By: Donna Slater     Updated 5 hours ago An independent mineral resource estimate (MRE) of Aim- and TSX-listed mining royalty company Altus Strategies’ Diba gold project, in Mali, has define a mineral resource of 4.8-million tonnes of gold at a grade of 1.39 g/t for 217 000 oz in the indicated category. The company's 100%-owned 81 km2... 

Avenira raises funds

By: Esmarie Iannucci     6th July 2020 Phosphate and gold developer Avenira will raise A$3.4-million through a share placement and two-for-seven non-renounceable entitlement offer to advance its Jundee South gold project and its Wonarah phosphate project, in Western Australia and the Northern Territory respectively. An initial... 

Power Metal progresses with Kisinka exploration

By: Donna Slater     3rd July 2020 Metal explorer and developer Power Metal Resources (Power Metal) has completed most elements of the follow-up programme at the Kisinka project in the Democratic Republic of Congo, including pitting and mapping. Laboratory analysis will, however, only be possible after air cargo routes reopen.  

Hawkstone increases Utah landholding

By: Esmarie Iannucci     3rd July 2020 The share price of ASX-listed Hawkstone Mining settled 20% higher on Friday after the company announced that its landholding at the Western Desert gold/copper project, in Western Utah, had increased by 950%. The company on Friday told shareholders that since acquiring the project in March of... 

WA investing further in core library

By: Esmarie Iannucci     3rd July 2020 The Western Australian government has announced A$7-million in funding to expand the capacity of the Joe Lord core library, in Kalgoorlie. The facility stores core samples that contain valuable geoscientific information for exploration companies and others seeking new petroleum and mineral... 

IDC appoints Gert Gouws acting CFO

By: Donna Slater     3rd July 2020 The Industrial Development Corporation (IDC) has appointed Gert Gouws as its acting CFO for a period of three months while the process of appointing the permanent incumbent is being finalised. The IDC notes that the recruitment process is progressing well and is expected to be concluded soon.  

IDC appoints Gert Gouws acting CFO
Photo by Creamer Media
IDC acting CFO Gert Gouws

Finland-focused Karelian Diamonds says Rio Tinto agreement lapses

By: Creamer Media Reporter      1st July 2020 Aim-listed Karelian Diamonds said on Wednesday that a confidentiality agreement that it entered into with Rio Tinto Mining and Exploration in 2010, had lapsed. Under the agreement, Rio Tinto has been disclosing to Karelian confidential information relating to exploration in Finland for the... 

Egypt says gold deposit discovered in southeast

By: Reuters     30th June 2020 Egypt's Ministry of Petroleum and Mineral Resources said on Tuesday a gold deposit with estimated resources of one-million ounces had been discovered in the southeast of the country. The deposit lies in the concession area of the military-controlled Shalateen Mining Company in the Eastern... 

Oriole raises £419 500 to further Cameroon exploration

By: Donna Slater     30th June 2020 West Africa-focused exploration company Oriole Resources has successfully raised £419 500 to support ongoing exploration at its projects in Cameroon, including moving the programme at Bibemi towards drill mobilisation later this year. It will also provide the company with general working... 

Oriole Resources commences drilling at Faré target

By: Donna Slater     29th June 2020 Aim-listed West Africa-focused exploration company Oriole Resources has started a 10 000 m air-core (AC) drilling campaign at the Faré target within the north of its Senala project, in Senegal. The project, which is operated under a joint venture (JV) with partner Iamgold Corporation, presents... 

Arc Minerals starts second season of exploration in Zambia

By: Simone Liedtke     29th June 2020 Aim-listed Arc Minerals has started its second season of exploration activities at its Zamsort and Zaco licence areas in north-western Zambia. Diamond drilling activities will start over the Fwiji target, where the company has already defined the target area through previous exploratory works. 

Jervois commences high-prospect drilling programme in Uganda

By: Donna Slater     26th June 2020 TSX-listed nickel and copper miner and explorer Jervois Mining is planning to drill at its Kilembe area properties in western Uganda, to test a target with high-grade copper/gold rock chip samples and a coincidental gold in soil anomaly. The CC target is undrilled and contains some of the... 

American Pacific Mining wraps up Madison transaction

By: Creamer Media Reporter      26th June 2020 Gold explorer and developer American Pacific Mining on Friday announced that it had completed the transaction with Madison Metals and acquired all the issued and outstanding shares of Broadway Gold. Broadway is the owner of the Madison copper/gold project near Silver Star, Montana. The project... 

American Pacific Mining wraps up Madison transaction
American Pacific Mining president Eric Saderholm

Mincon, Torque Africa celebrate drilling milestone

By: Tasneem Bulbulia     26th June 2020 Engineering company Mincon South Africa has achieved a milestone development in exploration drilling with one of its clients, drilling company Torque Africa Exploration. Mincon supported Torque at a greenfield mineral exploration drill site in the Northern Cape, where a new Mincon... 

Barrick and Loncor strengthen DRC partnership

By: Mariaan Webb     25th June 2020 The world’s largest gold miner Barrick Gold has entered into a new joint venture (JV) agreement with Canadian junior Loncor Resources, which has properties in the Ngayu gold belt, about 220 km from the Barrick-operated Kibali mine. The TSX-listed junior announced this week that its 76.29%-owned... 

Corizon readies for Pilbara exploration drive

By: Esmarie Iannucci     25th June 2020 Junior Corizon Resources will raise A$5-million through a share placement to fund exploration work at its Croydon gold project, in the Pilbara. Corizon will place an initial 358.1-million shares at a price of 1.2c a share under its existing placement capacity, while a further 58.5-million... 

Alta raises cash for Italian drilling

By: Esmarie Iannucci     25th June 2020 ASX-listed Alta Zinc has secured A$3.6-million to fund exploration work at its Gorno zinc project in Italy. The junior has received firm commitments from professional and institutional investors for the placement of 890.5-million shares, priced at 40c each, and more than 296.5-million listed... 

Drilling resumes at Donlin Gold after two-month Covid pause

By: Creamer Media Reporter      25th June 2020 Canada-based project partners Novagold and Barrick Gold have reopened the Donlin camp, in Alaska, and are remobilising drilling rigs at project, following a two-month hiatus during the Covid-19 pandemic. Novagold reports that four drill rigs are turning at its 50%-owned Donlin project and says... 

Drilling resumes at Donlin Gold after two-month Covid pause

Amani intends to raise $2.5m for exploration funding

By: Marleny Arnoldi     24th June 2020 ASX-listed Amani Gold has completed a bookbuild for a two-tranche placement to raise up to $2.55-million. The proceeds will be used to fund ongoing exploration activities at the company’s Giro and Gada gold projects, in the Democratic Republic of Congo.  

Field teams resume activities at Pangolin's Botswana exploration projects

By: Simone Liedtke     24th June 2020 TSX-V-listed Pangolin Diamonds on June 23 provided an update on recent activities at its various projects in Botswana, with all field teams now fully operational. It added that the Botswana Department of Mines had granted the company's joint venture partner, Makunwu Civl Blasting, to proceed with... 

Fosterville South unveils spin-out transaction

By: Mariaan Webb     24th June 2020 TSX-V-listed Fosterville South has unveiled a transaction to spin out its Avoca and Timor tenements, in Australia’s Victoria, to Leviathan Gold, following which the new company will undertake an equity financing to fund the exploration, advancement and development of projects. Leviathan, to be... 

Apollo Gold signs LoI to acquire First Majestic’s Jalisco properties

By: Creamer Media Reporter      24th June 2020 TSX-V-listed Apollo Gold has entered into a letter of intent (LoI) with First Majestic Silver, confirming its intention to enter into a three-year earn-in option to acquire the Jalisco group of properties, in Mexico. The Jalisco assets include six properties and 15 highly prospective claims, 13... 

Rio Tinto starts exploration at Janice Lake, Saskatchewan

By: Creamer Media Reporter      24th June 2020 Rio Tinto Exploration Canada (RTEC) has started exploration at TSX-V-listed Forum Energy Metals’ Janice Lake sedimentary copper/silver project, in northern Saskatchewan. The summer’s programme will have a regional focus to uncover the full extent of copper and silver mineralisation at Janice... 

S Australia's next round of exploration funding kicks off

By: Esmarie Iannucci     24th June 2020 The South Australian government has announced the first round of successful applicants for it’s A$10-million Accelerated Discovery fund, which will assist in driving jobs and investment in the region’s resources industry. Minister for Energy and Mining Dan van Holst Pellekaan said the government... 

Kalamazoo ready for Pilbara exploration

By: Esmarie Iannucci     23rd June 2020 Junior Kalamazoo Resources will immediately start exploration at its newly acquired Ashburton gold project, in Western Australia, in the hopes of adding to the existing 1.65-million-ounce oxide and sulphide gold resource. Gold miner Northern Minerals earlier this week revealed that Kalamazoo had... 

Australia govt invests A$125m in exploration

By: Esmarie Iannucci     23rd June 2020 The Australian resources sector has welcomed the federal governments further investment of A$125-million into an exploration stimulus programme. Federal Resources, Water and Northern Australia Minister Keith Pitt said that the investment would add to the A$100-million previously spent on... 

Australia govt invests A$125m in exploration

Filo Mining reorganises senior management

By: Creamer Media Reporter      22nd June 2020 Vancouver-headquartered Filo Mining on Monday announced several top management changes, including that of a new CEO as Adam Lundin stepped down to take over from his father as chairperson of the board. Jamie Beck, previously president, is now also the CEO. He has been an integral member of the... 

SolGold restarts regional exploration after Covid pause

By: Creamer Media Reporter      22nd June 2020 Dual-listed explorer and developer SolGold is restarting its regional exploration programme in Ecuador, following a hiatus of activities due to the Covid-19 pandemic and government restrictions. SolGold has received drilling permits for exploration activities on a number of concessions,... 

SolGold restarts regional exploration after Covid pause

DRC poses many challenges, but is worth investing in

By: Donna Slater     18th June 2020 Investors in mining projects in the Democratic Republic of Congo (DRC) need to prioritise compliance with local mining laws and ensure community involvement and upliftment, panellists have said during a session at the virtual DRC Mining Week. During the June 17 session, titled 'How can existing... 

Hastings to start drilling at Yangibana project

By: Simone Liedtke     18th June 2020 Rare earths explorer and developer Hastings Technology Metals has engaged a drilling contractor for the 2020 Yangibana exploration programme. The priority focus of the programme is to test a series of highly prospective extensional targets within the Yangibana project, in Western Australia, with... 

Interest in junior mining finally picking up, says American Pacific CEO

By: Mariaan Webb     17th June 2020 It has been a tough ten years for junior miners since the last gold bull market ended in 2011, but as the uncertainty of Covid-19 reignited an interest in metals, a new level of excitement has returned to the mining industry. Gold exploration company American Pacific Mining (APM) CEO Warwick... 

Interest in junior mining finally picking up, says American Pacific CEO
An aerial view of American Pacific’s 100%-owned Madison copper/gold project located near Silver Star, Montana.

Ethiopia looking to bolster investment in resources, mining 

By: Simone Liedtke     17th June 2020 With an abundance of natural resources that have not been significantly exploited, Ethiopia has “enormous potential” for the export of these resources and at a relatively low production cost, Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director... 

Ethiopia looking to bolster investment in resources, mining
Beryihun Temesgan, who spoke on behalf of Ethiopian Mines and Petroleum Minister Dr Samuel Urkato, and Ethiopia Ministry of Mines, Petroleum and Natural Gas planning, monitoring and evaluation director Geremew Negassa discuss the investment case for Ethiopia in a webinar hosted by the Australia-Africa Minerals and Energy Group. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Graphex replaces Glomin in Tabakorole, Lakanfla gold JV with Altus

By: Schalk Burger     17th June 2020 ASX-listed Graphex Mining has acquired Glomin Services' joint venture (JV) earn-in rights on Aim- and TSX-listed Altus Strategies' 100% owned Lakanfla and Tabakorole gold projects, in western and southern Mali, respectively. Graphex can earn up to an 80% interest in each project by completing up... 

IGO explores Matsa’s Symons Hill prospect to earn 70% stake

By: Marleny Arnoldi     17th June 2020 ASX-listed Matsa Resources has executed a A$7-million agreement with fellow-listed diversified miner IGO subsidiary IGO Newsearch, whereby it can earn a 70% interest in Matsa’s Symons Hill nickel project over the next three years. The project is based in the Fraser Range, in Western Australia,... 

African Gold unveils DFS for 100 000 oz/y Mali mine

By: Marleny Arnoldi     17th June 2020 TSX-V-listed African Gold Group has published a definitive feasibility study (DFS), as well as an updated mineral resource and reserve estimate, for the Kobada gold project, in Mali. The DFS envisions a production rate of 100 000 oz/y for the first five years of operation.  

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