Berkeley Energia (ASX:BKY, LON:BKY) has entered into an agreement with an Oman-based sovereign wealth fund which will invest up to $120M in the company’s Salamanca uranium mine. The total investment will consist of two different parts. A first tranche of $65M will be invested as an interest-free and unsecured convertible […]
Valor Resources (ASX:VAL) has started to drill the Berenguela copper-silver project in Peru, which it acquired from SSR Mining (SSRM, SSRM.TO). The company has been drilling within the inferred resource shell (to upgrade the inferred resources to a higher category) as well as in the known extensions to this inferred […]
Callinex Mines (CNX.V) has released the assay results of more drill holes which were completed at its Nash Creek zinc project in New Brunswick’s Bathurst Mining district. This means Callinex has now released the assay results from 23 holes of the 24 hole drill project which included a total of […]
Comstock’s core drill program will consist of 1,500 meters of diamond drilling which will predominantly focus on the resource expansion potential along strike (towards the west and east) of the VG deposit. The diamond drill program will try to confirm the results from the Rotary Air Blast program (the assay […]
Teranga Gold (TGZ.TO, ASX:TGZ) has released the results of a definitive feasibility study on the Banfora gold project in Burkina Faso. Even though the mine life was based on a reserve estimate of 1.2 million ounces, the results were actually disappointing. Teranga might be ‘pleased’ with a ‘solid’ base case, […]
Sometimes a decreasing commodity price could be a blessing in disguise, and this seems to be the case for NextSource Materials Inc. (NEXT.TO). Whereas it was able to report very decent economics for a planned graphite mine in Madagascar in 2015, the lower graphite price practically killed pretty much every […]
Prize Mining (PRZ.V) will now extend and expand its ground exploration program at the Toughnut and Daylight properties to follow up on the previously announced results of the geochemical and geophysical surveys. These surveys have outlined some interesting soil anomalies where high gold values were retrieved and Prize Mining now […]
Amani Gold (ASX:ANL) has published the results of its maiden resource calculation on the Kebigada zone of its Giro Gold project in the DRC last month. The total maiden resource estimate now contains 2.3 million ounces of gold at an average grade of 1.47 g/t gold, of which approximately 820,000 […]
Victoria Gold (VIT.V) has released the assay results from an additional 12 holes at the Shamrock zone and as the company’s VP Exploration correctly states ‘every target we drill on the property, we find gold’. And indeed, with almost 40 meters containing 1.04 g/t gold and several intercepts with gold […]
Excelsior Mining (MIN.TO) has received the Aquifer Protection Permit from ADEQ, the Arizona Department of Environmental Quality. The importance of this milestone should not be underestimated as it was one of the two remaining permits. This means Excelsior Mining now just needs a final federal permit, the only permit still […]
