Tag: #Tanzania

Shanta Gold produced 22,400 ounces at an AISC of $701/oz in Q1

Shanta Gold produced 22,400 ounces at an AISC of $701/oz in Q1

Shanta Gold (LON:SHG) released excellent production results for its first quarter of the current year. The company produced almost 22,400 ounces of gold at the New Luika gold mine in Tanzania and thanks to the very low operating expenses of just $500/oz, the all-in sustaining cost came in substantially lower […]

Helio Resource Corp sells itself at a discount to Shanta Gold

Helio Resource Corp sells itself at a discount to Shanta Gold

Shareholders of Helio Resource (HRC.V) had been waiting years for a deal to materialize, but Shanta Gold (SHG.L) has now (finally) made an offer to acquire Helio in an all-share deal. Shanta Gold is offering 0.227766 new shares of Shanta per share of Helio to get its hands on Helio’s […]

Black Rock released a scoping study on its Mahenge Graphite project

Black Rock released a scoping study on its Mahenge Graphite project

Back in March, Black Rock Mining (ASX:BKT) released the results of an independent scoping study on the Mahenge graphite project which currently contains in excess of 131 million tonnes at 7.9% C (based on a cutoff grade of 4%. When using a cutoff grade of 9%, the project still contains […]

OreCorp is sitting on something nice in Tanzania

OreCorp is sitting on something nice in Tanzania

OreCorp (ASX:ORR) has released its maiden resource estimate on its Nyanzaga gold project in Tanzania, Africa. This first resource estimate is an important milestone for the company as it would obviously want to fast-track the project towards development and production. This first resource estimate does look quite encouraging as there’s […]

Tanzania Site Visit - Hole left after drilling

Tembo Gold plans to raise in excess of C$8M

After six months without a single press release, Tembo Gold (TEM.V) is waking up from a deep sleep and has announced a strategic deal whereby a consortium of new investors will participate in a financing deal at C$0.15/share with a full warrant at C$0.16 exercisable for three years. NAMF will […]

Tembo Gold Corp. - Site Visit

Tembo Gold announces a $1M capital raise

Tembo Gold (TEM.V) has announced a private placement, raising C$1M at C$0.40/share with 3-year ½ warrant with a strike price of C$0.60. The entire placement will be taken up by insiders and long term shareholders. The funds will be used to continue exploration drilling at the Tembo gold project in […]

Tembo Gold Corp. - Site Visit Photo

Tembo Gold announces equity financing

Tembo Gold (TEM.V) has announced an equity offering marketed by a consortium of brokers led by Canaccord Genuity. Tembo hopes to raise C$3.5M to continue their exploration drill program at their 100% owned Tembo project in Tanzania. This capital raise will be conducted at a price of C$0.40/share with ½ […]

Tembo Gold Corp. - Well understood geological granite greenstone terrane with parallels worldwide

Tembo Gold reports monster hole at Tembo Project

Tembo Gold (TEM.V) has reported the results of a first deep diamond drill hole at their 100% owned Tembo Project in Tanzania. The company tabled an astonishing drill intercept of 15 meters at almost 23g/t of gold. Even if we’d ignore the 1m at 200g/t intersection, the remaining 14 meters […]

African Eagle Resources announces maiden resource estimate at Zanzui Nickel

African Eagle Resources announces maiden resource estimate at Zanzui Nickel

African Eagle Resources (LON:AFE) has announced a first resource estimate at their 85% owned Zanzui project in Tanzania. This resource estimate covers only 3km² of the total land package of 140km², so there is considerable room for expansion. This first JORC-compliant estimate consists of in excess of 480M lbs Nickel […]

Tembo Gold Corp. - Site Visit Photo

Tembo Gold closes equity financing

Tembo Gold (TEM.V) announced they closed the final tranche of their capital raise. The company raised C$4.02M by issuing 8.04M shares at C$0.50. As this financing happened at a premium to the market price – the company traded mostly under half a dollar during the financing – we consider this […]

Global Metals Exploration NL

Report: Global Metals Exploration NL

Global Metals Exploration is a Sydney-based mineral exploration company focused on its exploration projects in Australia. Earlier this year, the company announced an agreement to acquire all of the outstanding shares of Hatua Resources, a Tanzanian graphite exploration company. Unfortunately this acquisition was turned down by Global’s shareholders at the […]