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Exploration News

Kanadario negotiates management change agreement, stock surges

By: Mariaan Webb     26th October 2020 Investors piled into explorer Kanadario Gold on Friday, as the Vancouver-headquartered company announced an agreement with G Mining Services and members of the Gignac family that will result in the current management and board being replaced and the company being renamed G Mining Ventures.... 

Barrick Gold plans to expand exploration in Tanzania

By: Reuters     23rd October 2020  Barrick Gold Corp said on Friday Tanzania has awarded 10 new exploration licenses to the Canadian miner and it plans to spend $8 million to carry out exploration in the country this year. Barrick oversees the management of its assets in Tanzania through Twiga Minerals Corp, a joint venture... 

Predictive raises Guinea exploration funds

By: Esmarie Iannucci     23rd October 2020 ASX-listed Predictive Discovery will raise A$10.6-million through an institutional placement to fund exploration at its Bankan gold project, in Guinea. The placement will be issued in two tranches, with the first consisting of 176.7-million shares under the company’s existing placement capacity. 

Aton Resources welcomes new strategic investor

By: Creamer Media Reporter      23rd October 2020 TSX-V-listed Aton Resources says it has received subscriptions for the purchase of 17.92-million units at a price of $0.40 a unit, raising gross proceeds of $7.17-million. Each unit consists of one common share and half of a share purchase warrant. Each warrant will entitle the holder to buy an... 

S Australia unveils resources and energy plans

By: Esmarie Iannucci     22nd October 2020 The South Australian government has launched its energy and mining strategy called ‘Building on our Strengths, outlining the central role these sectors would play in delivering an early recovery from the economic downtun produced by Covid-19. Minister for Energy and Mining Dan van Holst... 

Lefroy raises exploration funds

By: Esmarie Iannucci     22nd October 2020 Junior Lefroy Exploration will raise A$4.5-million through a share placement to fund exploration work at its namesake gold project, in Western Australia. The ASX-listed company on Thursday said that more than 18.75-million shares would be placed at a price of 24c each under its existing... 

Orion Minerals returns to drilling

By: Esmarie Iannucci     20th October 2020 Copper developer Orion Minerals has launched a high-impact exploration programme at its Prieska project, in South Africa, to test prospective near-mine and regional targets. “We have compelling drill targets right across our Areachap tenement holdings in the Northern Cape that we have been... 

DGO takes a stake in Yandal

By: Esmarie Iannucci     20th October 2020 ASX-listed Yandal Resources has raised A$6-million through a share placement, with fellow-listed DGO Gold taking 8-million of the 12-million shares up for offer. DGO Gold now held an 8.7% interest in Yandal. 

Macassa drilling results include 'extremely high-grade intersections'

By: Creamer Media Reporter      20th October 2020 Gold miner Kirkland Lake has reported new drill results from 135 holes (47 683 m) of underground exploration drilling from the Macassa mine, aimed at confirmed and extending resources in the SMC, LSMC and Amalgamated zones. Resources within the Amalgamated zone consist of a series of mineralised... 

Deep-South closes second tranche to raise $2.41m 

By: Tasneem Bulbulia     19th October 2020 TSX-listed Deep-South Resources has closed a second tranche of the nonbrokered private placement for $1.04-million. The two tranches of the private placement have totalled $2.41-million. 

Pensana starts exploration at Coola

By: Esmarie Iannucci     19th October 2020 Exploration has started at ASX- and LSE-listed Pensana Rare Earth’s new Coola project, adjacent to its Longonjo neodymium-praseodymium (NdPr) project, in Angola. Pensana said on Monday that initial field programmes have started to test defined targets prospective for a range of critical... 

Africa Mining Summit launches mapping project

16th October 2020 World leaders in gravity gradiometry Bell Geospace and the Botswana Geoscience Institute (BGI) announced the launch of their new Mineral Prospectivity Mapping project at the 2020 Africa Mining Summit last month.  

Africa Mining Summit launches mapping project
MAPPED OUT The project will automate a process of delineating and evaluating mineral prospectivity within the area of interest

New service offering can help plug skills gap

16th October 2020 Australian engineering consultancy firm MEC Mining last month launched a new geotechnical engineering division, as part of the company’s in-house services, to cater for industry demand in the mining sector. The division will be led by MEC Mining technical services and Western Australia manager... 

New service offering can help plug skills gap
GOLDEN OPPORTUNITY With several Perth-based gold explorers, the company’s presence in Perth and expertise in gold will allow the company to better access and support these companies

Covid-19 mining regulations affect exploration

By: Theresa Bhowan     16th October 2020 While there were no exploration-specific regulatory changes because of Covid-19, the regulations applied to the mining industry ultimately affected exploration projects. 

Covid-19 mining regulations affect exploration
JONATHAN VEERAN Hinderances have arisen from the pandemic, the primary hinderance being that timelines have been pushed back

Service provider returns to exploration

By: Theresa Bhowan     16th October 2020 With an existing and substantial fleet of exploration drill rigs, geotechnical service specialist Geogroup intends to get back to the exploration space. “Geomech Africa, a subsidiary company of Geogroup with its Level 1 B-BBEE, has not been involved in any exploration drilling projects in the... 

Service provider returns to exploration
DIG DEEP Geogroup rigs range from being able to drill 200 m holes to 2 000 m holes

Emerging technologies set to transform the search for minerals

By: Rebecca Campbell     16th October 2020 With the world now one-fifth of the way through the twenty-first century, cutting-edge technologies are transforming many if not most aspects of the mining industry worldwide. Mineral exploration is no exception. Emerging technologies, in particular hyperspectral satellite imagery and artificial... 

Emerging technologies set to transform the search for minerals

Walkabout projects on course in Tanzania

By: Cameron Mackay     16th October 2020 In spite of the 2017 Tanzanian Mining Act Amendments, Tanzania remains a “premium mining investment destination” for Australian energy minerals developer Walkabout Resources, says Walkabout Resources director Allan Mulligan. “Our relations with government and ministries in Tanzania is excellent,... 

Walkabout projects on  course in Tanzania
FULLY PERMITTED EXPLORATION Front-end construction and manufacturing for the Lindo Jumbo graphite project is imminent. The project’s expected on-stream date is December next year

AI analytics give greater insight into exploration

By: Theresa Bhowan     16th October 2020 Geospatial analytics specialist Descartes Labs offers a unique and powerful analytics platform that provides its clients with a wide range of geospatial and non-geospatial data for visualisation and predictive analytics. 

Prelim results bode well

16th October 2020 Aim- and Botswana Stock Exchange- (BSE-) listed diamond explorer Botswana Diamonds (BOD), last month announced the preliminary results of the next phase of its drilling campaign on the Marsfontein project.  “The objective of this limited exercise was to test an historical anomaly identified as... 

Equipment mobilisation for Bibemi project starts

16th October 2020 West Africa-focused metals exploration company Oriole Resources last month announced that mineral drilling solutions provider Capital Limited had started mobilising equipment for a 3 000 m diamond drilling contract for the Bibemi exploration licence in Cameroon. The press release notes that... 

Equipment mobilisation for Bibemi project starts
Photo by Bloomberg
END GAME The Bibemi project is currently progressing through its exploration phase

Emerging technologies set to transform the search for minerals 

By: Rebecca Campbell     16th October 2020 With the world now one-fifth of the way through the twenty-first century, cutting-edge technologies are transforming many if not most aspects of the mining industry worldwide. Mineral exploration is no exception. Emerging technologies, in particular hyperspectral satellite imagery and artificial... 

Emerging technologies set to transform the search for minerals

Resources Watch  

15th October 2020 Mining majors must convince investors of need to replace value; Exploration strategy in three months, hydrogen under scrutiny; and, Flow-through must form part of overall exploration strategy 

Resources Watch
Resources Watch

Agnico investment propels Maple Gold stock to 52-week high

By: Mariaan Webb     15th October 2020 The share price of gold junior Maple Gold Mines rose 18% higher on Wednesday, as the company closed a C$6.2-million strategic investment from gold producer Agnico Eagle. The investment was completed at C$0.239 an unit, and gave Agnico about 12.8% of Maple’s issued and outstanding common shares.... 

Agnico investment propels Maple Gold stock to 52-week high
Maple's Douay project in Quebec

Boadicea shareholders approve asset sale

By: Esmarie Iannucci     14th October 2020 The shareholders of ASX-listed junior Boadicea Resources have approved the sale of nine Fraser Range tenements to fellow-listed Independence Group. The two companies in September this year struck the sales agreement which could see Independence pay a potential A$57-million plus royalties for... 

Bullfrog, Barrick formalise agreement for rights

By: Simone Liedtke     13th October 2020 Exploration company Bullfrog Gold has entered into definitive agreements with gold major Barrick and Augusta Investments wherein Bullfrog will acquire the rights to 607 ha adjoining the company’s Bullfrog gold deposit, in Nevada. Augusta and certain individuals identified by the company will... 

New Canadian developer Fury launched

By: Creamer Media Reporter      12th October 2020 Fury Gold, the Canadian gold developer created through Auryn Resources’ acquisition of Eastmain Resources, has been launched, with Ivan Bebek as chair, Mike Timmins as CEO and Elizabeth Senez as interim CFO. The company has appointed former senior Newmont exploration geologist David Rivard as... 

GPS-denied drone trialled in South Africa, with keen eye on underground mine mapping 

By: Donna Slater     9th October 2020 Melrose Arch-based mining technology company Dwyka Mining has conducted what it believes is the first Autonomy Level 2 (AL2) flight in South Africa, using a new drone-mounted light detection and ranging (Lidar) technology payload − Hovermap. The Hovermap payload is developed by Brisbane,... 

GPS-denied drone trialled in South Africa, with keen eye on underground mine mapping
Photo by Creamer Media's Donna Slater
Dwyka Mining Services trials a DJI drone fitted with the Hovermap lidar payload in a GPS-denied environment

Sandvik sells exploration business to Drillman

By: Creamer Media Reporter      9th October 2020 Swedish engineering group Sandvik will sell its exploration business to Drillman – a subsidiary of the M Group of companies from Australia. The deal includes exploration rigs, consumables and production stock, along with selected trademarks and patents. “I believe we have found a good home for... 

Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines  

9th October 2020 Mining Weekly Editor Martin Creamer unpacks the DMRE's exploration strategy, South Africa needing a flow-through share scheme and Sedibelo Platinum mines close to listing.   

Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines
Exploration strategy, flow through share scheme, Sedibelo Platinum make headlines

Panthera aims for significant project development over next 12 months 

By: Donna Slater     9th October 2020 UK-headquartered gold explorer and developer Panthera Resources reports that significant activity will soon start across its nine projects in West Africa, India and Germany, to help the junior miner gain more traction in the sector, says MD Mark Bolton. The company has an interest in two... 

Panthera aims for significant project development over next 12 months
Exploration work underway at Panthera Resources' Bido (formerly Naton) gold project in Burkina Faso

Titan completes Peruvian divestment

By: Esmarie Iannucci     9th October 2020 ASX-listed Titan Minerals has completed the divestment of its noncore mineral claims in Peru. Under the terms of an agreement struck in August, Titan sold the Coriorcco and Las Antas mineral claims to TSX-V-listed Oro X Mining Corp for $1.65-million in cash and 4.25-million shares. 

Study paves way for engaging artisanal miners

By: Halima Frost     9th October 2020 Environmental consulting firm Digby Wells Environmental Mali country manager Mamadou Dembele says a dearth of opportunities drives the artisanal mining sector in Mali, and in West Africa. He tells Mining Weekly that a study conducted in June 2019 in the region by Digby Wells Environmental, which... 

Study paves way for engaging artisanal miners
LEGITIMATE OPPORTUNITY While considered illegitimate trade, artisanal mining space is well organised and financially fruitful

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Exploration strategy in three months, hydrogen under scrutiny – DMRE
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

Hummingbird completes 95% of 2020 drilling programme

By: Simone Liedtke     8th October 2020 Aim-listed gold developer and explorer Hummingbird Resources has now drilled over 21 509 m this year, and is 95% through its budgeted $5-million drilling and exploration programme for 2020. The exploration and drilling programme is set to further refine Hummingbird’s mine expansion plans and show... 

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Flow-through must form part of overall exploration strategy – Minerals Council
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

Titan intersects high-grade zinc at Empire State

By: Mariaan Webb     7th October 2020 Toronto-listed Titan Mining has announced high-grade zinc mineralisation in the Mahler zone of its Empire State mine, in upstate New York, which CEO Don Taylor says will ultimately extend mine life and enhance its production profile. 

Trillium encouraged by initial Newman Todd drill intersections

By: Mariaan Webb     7th October 2020 TSX-V-listed Trillium Gold has received assay results from the first four holes of its recent 3 186 m drill programme on the Newman Todd property, in Red Lake, which confirmed high-grade gold mineralisation over significant widths, including 15.41 g/t. Hole NT20-169 intersected 15.41 g/t gold... 

Trillium encouraged by initial Newman Todd drill intersections

Mako readies for drilling after capital raise

By: Esmarie Iannucci     7th October 2020 ASX-listed Mako Gold has completed it’s a$!0-million capital raise, with the company planning to start a 10 000 m drill programme at its Napie gold project, in Cote d’Ivoire, next week. Mako in August launched the capital raise, which consisted of some 87-million shares, placed at a price of... 

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