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Solaris shares surge 38% on first assay results

By: Mariaan Webb     11th August 2020 Copper company Solaris Resources on Monday reported assay results for the first hole from the ongoing 40 000 m diamond drill programme at its Warintza project, in south-east Ecuador, sending its share price up 38%. This is the first drill hole completed on the Warintza project in nearly 20 years. 

Barrick and Novagold report first results from 2020 Donlin drilling

By: Mariaan Webb     7th August 2020 Joint partners in the Donlin gold project, Barrick and Novagold, on Thursday announced the first set of results from this year’s drill programme, with Barrick CEO Mark Bristow saying that the newly obtained data underscored the project’s “significant potential”. The 2020 drilling programme is... 

Zenith sells US rare earth project

By: Esmarie Iannucci     6th August 2020 ASX-listed American Rare Earths has struck a share purchase agreement with fellow listed Zenith Minerals over its Laramie rare earths project, in Wyoming. Under the terms of the agreement, American Rare Earths would acquire Zenith’s wholly owned subsidiary Wyoming Rare for 2.5-million of its own... 

Minera Alamos buys another Mexico project

By: Mariaan Webb     5th August 2020 Toronto-listed Minera Alamos has acquired the Cerro de Oro gold project, comprising the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The acquisition of the two core claims in the district that contain a significant gold project with 76 holes and 8 200 m of... 

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi     31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... 

Geoscience BC requests geophysical data of Golden Triangle

By: Donna Slater     31st July 2020 In an effort to create a new public dataset for the Golden Triangle area in British Columbia’s northwest region, Geoscience BC is launching a new minerals project seeking high-quality privately-held geophysical data of the area Called the Golden Triangle Geophysics Data Compilation Project, the... 

Eldorado Gold swings to profit, maintains guidance

By: Marleny Arnoldi     31st July 2020 Canadian miner Eldorado Gold has advised that all its mines are fully operational, with safe working practices in place, and has maintained its guidance for the year at between 520 000 oz and 550 000 oz. The company produced 137 782 oz of gold in the second quarter, which was a 50% increase on... 

Eagle Mountain raises A$3m

By: Esmarie Iannucci     21st July 2020 ASX-listed Eagle Mountain Mining will raise A$3-million through a share placement to institutional and professional investors to fund exploration drilling at its Oracle Ridge copper project, in Arizona. The company on Tuesday said that it had received firm commitments for the placement of more... 

India’s leading blast hole drill manufacturer enters the African Market

By: Creamer Media Reporter      16th July 2020 Revathi Equipment Limited (REL) is India’s leading manufacturer of high power range of blast hole drills for mining and construction, water well, exploratory drill rigs, and allied products for more than four decades. Founded in 1977 as Revathi CP Equipment limited the Indian Unit of US based... 

Zenith sets sights on A$5m raise

By: Esmarie Iannucci     7th July 2020 ASX-listed Zenith Minerals will raise A$5-million in an oversubscribed share placement to institutional and sophisticated investors, to accelerate exploration at its core gold projects. The junior company on Tuesday noted that 51-million new shares would be issued at a price of 10c each,... 

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