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Exploration News

Orion Minerals strikes true at Prieska

By: Esmarie Iannucci     12th November 2020 Copper developer Orion Minerals has reported massive copper and zinc sulphide intersections at two near-mine prospects at its Prieska copper/zinc project, in South Africa. The ASX-listed miner on Thursday said that drilling at the Kielder prospect, some 15 km from the planned mill, had... 

Bonterra says it has rejected ‘opportunistic’ offer

By: Mariaan Webb     12th November 2020 Quebec explorer Bonterra Resources has received a nonbinding letter of intent from a large third-party, regarding an all-share acquisition of the company at about C$1.60 a share based on prices on November 6. The company said on Tuesday that the offer was opportunistic, unsolicited and that it... 

Bonterra says it has rejected ‘opportunistic’ offer

Loncor and Barrick strengthen DRC JV relationship

By: Creamer Media Reporter      12th November 2020 Canadian explorer Loncor Resources has entered into two new agreements with bullion major Barrick Gold, further strengthening their joint venture (JV) partnership in the Ngayu gold belt of the Democratic Republic of Congo (DRC). The ground covered by these agreements includes priority... 

Firefinch starts digging in Mali

By: Esmarie Iannucci     12th November 2020 Newly minted gold miner Firefinch has wasted no time in starting exploration at its newly acquired Morila mine, in Mali, with the company on Thursday announcing that drilling has started at the project area. The acquisition of the Morila gold mine from majors AngloGold Ashanti and Barrick Gold... 

The plan for green gold from Iceland

By: Bloomberg     12th November 2020 Canadian explorer St-Georges Eco-Mining wants to revive Iceland’s long-dormant gold mining industry by drawing on the Nordic nation’s abundance of renewable energy. The Montreal-based miner finished drilling a 124-meter-deep hole in Thormodsdalur, outside Reykjavik, in September and may publish... 

The plan for green gold from Iceland

Resources Watch  

12th November 2020 Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind; Clean, green copper of N Cape will be produced at zero cost; And, Gwede Mantashe says exploration is a priority  

Resources Watch
Resources Watch

Hummingbird’s Dugbe project area increases

By: Simone Liedtke     11th November 2020 Aim-listed Hummingbird Resources’ earn-in partner at the Dugbe gold project, in Liberia, Pasofina Gold, has exercised its option to acquire the central licence located and encompassed centrally within the project. Pasofina has an earn-in option for a 49% economic interest in the Dugbe project... 

WEF seeks to start a multistakeholder dialogue on deep-sea mining

By: Tasneem Bulbulia     11th November 2020 A new way to meet the growing demand for minerals critical to electric vehicle, electronics and battery manufacturers could become commercially available within this decade, says the World Economic Forum (WEF). It notes that significant public and private investment have gone into investigating... 

WEF seeks to start a multistakeholder dialogue on deep-sea mining

Africa, international investors ‘need each other’

By: Simone Liedtke     10th November 2020 Mining operations in Rwanda are “close to pre-Covid” levels, with local mining firm Rwanda Mines, in particular, on target and likely to achieve its revenue target for this year, Rwanda Mines CEO Francis Gatare has said. This is despite the Covid-19 pandemic having disrupted global economic... 

Rio Tinto to earn into Bluejay’s Finland project

By: Mariaan Webb     10th November 2020 Exploration and development company Bluejay Mining’s share price surged 20% on the London exchange on Tuesday, as the company announced a joint venture and earn-in agreement with Rio Tinto at Enonkoski project, in Finland. In terms of the agreement, Rio Tinto could earn up to a 75% interest, in... 

Artemis continues noncore sale

By: Esmarie Iannucci     10th November 2020 Junior Artemis Resources has raised a further A$2.3-million through the sale of additional non-core assets. ‘As flagged in our recent quarterly report, I am pleased to advise shareholders that asset disposals to yield approximately A$2.3-million are either in treasury or in the process of... 

Kavango Resources raises £2m through oversubscribed placing

By: Donna Slater     10th November 2020 Botswana-focused explorer Kavango Resources has conditionally raised £2-million, before expenses, with the issuance of 72.72-million new ordinary shares in the capital of the company, at 2.75p apiece.   The net proceeds of £1.9-million raised will primarily be used to carry out proposed... 

Copper Mountain raises exploration funds

By: Esmarie Iannucci     10th November 2020 Dual listed Copper Mountain Mining Corporation will raise C$15-million under a bought deal offering with Industrial Alliance Securities Inc (IAS). IAS, as lead underwriter on behalf of a syndicate, has agreed to buy, on a bought deal basis, more than 13-million common shares in Copper Mountain... 

Iamgold to resume drilling at Senala project

By: Marleny Arnoldi     9th November 2020 Aim-listed Oriole Resources and joint venture partner Iamgold Corporation will shortly restart a 10 000 m air core drilling programme at the Senala project, in Senegal, following seasonal rains. Iamgold had completed 1 300 m of the programme at the northernmost Faré prospect before the rains... 

Botswana Diamonds identifies focus areas at Marsfontein, Thorny River

By: Donna Slater     9th November 2020 Aim- and BSE-listed diamond explorer Botswana Diamonds' exploration programme has identified several kimberlite targets at its Marsfontien and Thorny River projects in South Africa. To build on the exploration programme, the company plans to start drilling, through a multihole programme, at the... 

Zambia copper explorer has exclusivity agreement with Anglo American   

By: Martin Creamer     9th November 2020 Copper explorer Arc Minerals, which has done extensive exploration drilling in Zambia in its study of a near-term copper opportunity, has signed an exclusivity agreement with Anglo American, Arc Minerals executive chairperson and CEO Nick von Schirnding has reported. The UK Aim-listed Arc... 

Zambia copper explorer has exclusivity agreement with Anglo American
Arc Minerals presentation to Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Beowulf launches capital raising

By: Creamer Media Reporter      6th November 2020 London-listed Beowulf Mining has announced it will raise about £7.3-million to advance its portfolio of assets in Sweden, Finland and Kosovo. The company will conduct an open offer of up to 225 841 752 new ordinary shares to qualifying shareholders at 3.16p a share on a pre-emptive basis to... 

Shallow Reefs Gold, Orion Minerals, exploration make headlines  

6th November 2020 Mining Weekly Editor Martin Creamer unpacks Shallow Reefs Gold being built to mine the shallow reefs of the Wits Basin; Orion Minerals using zinc credits to mine clean, green copper in the Northern Cape; and Mineral Resources and Energy Minister Gwede Mantashe stating that exploration is a... 

Shallow Reefs Gold, Orion Minerals, exploration make headlines
Shallow Reefs Gold, Orion Minerals, exploration make headlines

SilverCrest shares jump on high-grade discovery

By: Mariaan Webb     6th November 2020 Toronto-listed SilverCrest on Thursday announced the discovery of the El Muerto zone, in the north-west part of the Babicanora vein at its Las Chispas property, in Sonora, sending its shares up 15%. El Muerto is the company's first successful attempt at intercepting high-grade precious metals... 

Megado Gold finds ‘significant’ gold occurrences at Ethiopia project

By: Donna Slater     5th November 2020 Ethiopia-focused explorer Megado Gold, which recently listed on the ASX, reports that, with its ongoing fieldwork at its Babicho gold project in the Adola gold belt in southern Ethiopia, strong evidence of artisanal workings and indications of significant occurrences of primary hard rock gold... 

Victoria adds to exploration resources

By: Esmarie Iannucci     5th November 2020 The Victorian government is investing an additional A$1.1-million to process mineral licensing applications to allow exploration in the region to continue. Resources Minister Jaclyn Symes said on Thursday that minerals exploration spending in Victoria is currently six times higher than it was... 

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind  

By: Martin Creamer     4th November 2020 New mid-tier gold aspirant Shallow Reefs Gold is in the process of being built in South Africa to mine the shallow reefs of South Africa’s historic Witwatersrand Gold Basin. Shallow Reefs Gold has former Mineral Resources Minister Susan Shabangu and former Exxaro chairperson Sipho Nkosi on board... 

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind
Shallow Reefs Gold covered by Mining Weekly’s Martin Creamer at Junior Indaba. Video: Darlene Creamer.

Resources Watch  

4th November 2020 Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration; Struggling ferrochrome needs chrome export tax as interim measure; And, Profitable circular economy concepts making future potentially bright for coal miners 

Resources Watch
Resources Watch

Clean, green copper of N Cape will be produced at nigh zero cost – Orion 

By: Martin Creamer     3rd November 2020 The clean, green copper that Orion Minerals will mine with the help of the Northern Cape’s hot sun and prime wind will be almost free of cost, paid for by the zinc credits, Orion Minerals CEO Errol Smart said on Tuesday. “If you take it as a copper mine only, net of zinc credits, we come close to... 

Clean, green copper of N Cape will be produced at nigh zero cost – Orion
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Panel calls for more junior mining, exploration in SADC region  

By: Simone Liedtke     3rd November 2020 While many of the countries in the Southern African Development Community (SADC) region continue to face various challenges, a panel at this year’s virtual Junior Mining Indaba found that Zimbabwe and the Democratic Republic of Congo (DRC) continue to perform well. As an example, Caledonia Mining... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Kennecott hits 69.4 g/t at Madison – American Pacific

By: Mariaan Webb     3rd November 2020 Exploration company American Pacific Mining on Monday announced results from the first drill hole of the 2020 drill programme at the Madison copper/gold project, in Montana, including the highest-grade material that the company has yet reported. Earn-in partner Kennecott Exploration, part of the... 

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Flow-through must not only incentivise exploration but also market participation – Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Cora kicks off aircore drill programme on Sanankoro

By: Marleny Arnoldi     2nd November 2020 West Africa-focused gold company Cora Gold has started a new field programme and is busy mobilising field teams and drill contractors at the Sanankoro gold project, in the Yanfolila goldbelt, in Mali. The initial focus of the 18-hole, 1 520 m aircore drill programme work will be to follow up on a... 

Africa Downunder to feature live feeds of African presenters

By: Donna Slater     2nd November 2020 The upcoming yearly mining forum Africa Downunder (ADU) will connect African and Australian explorers, miners and investors during its virtual hosting from November 4 to 6. The event will be held at the Pan Pacific Hotel in Perth, Australia, as well as be broadcast live.  

Beowulf notes progress with its seven-years-and-counting application for Kallak

By: Marleny Arnoldi     30th October 2020 Aim-listed Beowulf is still awaiting the award of an exploitation concession from the Swedish Ministry of Enterprise and Innovation and Constitutional Committee for the Kallak North area, since its initial application in 2013. The company says is has learnt that the Ministry has advised the... 

Licence management software to be aligned with South African law

By: Darren Parker     30th October 2020 Geological services company Minrom Consulting plans to expand the capacity of its new exploration and mining licensing management software (LMS) system to become fully aligned with South African legislation, although a completion date has not yet been confirmed. The LMS system currently complies... 

Licence management software to be aligned with South African law
OSCAR VAN ANTWERPEN Minrom Consulting would expand its licensing management software services to incorporate the national licensing database system if it were made open to all

Autonomous mining vehicles to improve efficiency, reduce cost

By: Mc'Kyla Nortje     30th October 2020 Using artificial intelligence and robotic mining systems – such as autonomous vehicles – in the mining sector is an interesting development that could have a significant impact on mine efficiency going forward, says mining advisory company Ukwazi Northern Cape mining head Jaco Mans. “The use of... 

Autonomous mining vehicles to improve efficiency, reduce cost
SYMBIOTIC RELATIONS By working closely with OEMs, mines ensure that the appropriate fleet and technology are selected for each operation

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Donlin continues to exceed modelled grade-thickness

By: Mariaan Webb     27th October 2020 Joint venture (JV) partners Barrick Gold and NovaGold have completed its 85-hole drilling campaign at Donlin Gold, advancing the Alaska gold project up the value chain. Assay results for the first 25 holes, representing 30% of the 23 400 m drilled, have been received. NovaGold CEO Greg Lang... 

Donlin continues to exceed modelled grade-thickness

Cash raised for East Menzies exploration

By: Esmarie Iannucci     27th October 2020 ASX-listed Resources & Energy Group has raised A$3.3-million to fund exploration at its East Menzies gold field tenements in Western Australia. The company on Tuesday said that it would issue 44-million shares to professional investors, priced at 7.5c each, along with one attaching option for... 

Todd River raises funds for new nickel project

By: Esmarie Iannucci     27th October 2020 Junior Todd River Resources has exercised its option over the Nanutarra nickel project, in Western Australia, and has completed a A$4-million capital raise. The company on Tuesday reported the issue of 805 366 shares to Cratonix with the exercise of the option over Nanaturra.  

Megado Gold to list on ASX, start drilling in two weeks

By: Donna Slater     26th October 2020 Ethiopia-focused gold explorer Megado Gold will, on October 27, list on the ASX for the first time with 71.5-million ordinary shares on issue, following a strongly supported and oversubscribed A$6-million initial public offering (IPO). Megado’s push into Ethiopia coincides with that country's... 

Megado Gold to list on ASX, start drilling in two weeks
A bridge under construction near Megado's project in Ethiopia
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