Archives: Mining project news

Kalamazoo Resources Ltd has been granted Exploration Licence EL006679 covering the Wattle Gully gold project, near the town of Castlemaine, in Victoria, Australia. In addition, Kalamazoo has made a further exploration licence application EL006752, to the east and south of the granted tenement, covering regional geological structures known to be associated with gold potential. Granted[…]

OceanaGold Corporation announces that is has increased its 2018 consolidated gold production guidance on the back of strong operating performance and improvements to the mine plan at the Didipio operation. As a result, the company’s 2018 gold production guidance range has been revised upward and now sits at 500,000 to 540,000 oz. Mick Wilkes, President[…]

Matsa Resources has executed a Memorandum of Understanding (MOU) with AngloGold Ashanti Australia Ltd (AGAA) which will greatly benefit Matsa’s gold mining and exploration activities throughout the extensive Lake Carey gold project which includes the Fortitude, Red Dog and Red October gold mines. Lake Carey is a salt lake located in the Goldfields-Esperance region of[…]

Sirius Minerals project area in North Yorksire, England contains the largest known, highest grade resource of polyhalite to be found anywhere in the world. The polyhalite resource of 2,660 Mt, as defined according to the JORC code, represents 7% of the project’s area of interest. Polyhalite will be extracted via two mine shafts and transported[…]

South32 Ltd has entered into an agreement to acquire the remaining 83% of issued and outstanding shares of Arizona Mining via a plan of arrangement, representing a fully funded, all cash offer of $1.3 billion. The offer price of C$6.20 per share represents a 50% premium to the closing price on 15 June and implies[…]

Havilah Resources Ltd has released a maiden Ore Reserve for Kalkaroo of 474,000 t of contained copper and 1.41 Moz of gold for the Kalkaroo copper-cobalt-gold project in the northeast of South Australia. This Ore Reserve was independently estimated by mining consultants, RPMGlobal, as part of the Kalkaroo preliminary PFS report prepared for Wanbao Mining[…]

Ramelius Resources Ltd has announced a major increase in the total Edna May and Greenfinch Mineral Resources and the Greenfinch Ore Reserve. Significant new drilling at Edna May was conducted in late 2017 and early 2018. • 12% increase in Edna May Mineral Resources to 794,000 oz Au • Includes high grade lode Mineral Resource[…]

Wallbridge Mining has completed rehabilitation of existing underground workings and has commenced ramp development and underground diamond drilling as part of the 35,000 t bulk sample and underground exploration program at its 100%-owned Fenelon Gold Property. “Once dewatered, the underground workings on the existing 5228 and 5213 levels were found to be in excellent shape[…]

Nevsun Resources has announced that, together with its Eritrean partner ENAMCO, Nevsun has approved an extension to the Bisha zinc-copper mine in Eritrea, self-funded by existing cash flows from Bisha. The open-pit extension adds 3.3 Mt of high-grade ore to the mill and extends operations through the full year 2022, resulting in additional payable production[…]

Equinox Gold Corp has provided an update on construction progress at its Aurizona Gold Mine in Brazil. Construction remains on schedule to pour gold by late 2018 with the expectation of producing on average 136,000 ounces of gold per year, and construction spending is tracking in-line with the $146 million project budget. Construction and mining progress[…]