Mining

High Quality VMS Copper Drill Targets Identified in Block 5, Oman Savannah Resources plc (LSE:SAV) announces that field reconnaissance of high priority Versatile Time Domain Electromagnetic Survey targets at the Company’s prospective Block 5 Copper Project, located in the strongly mineralised Semail Ophiolite Belt in northern Oman, has identified a number of high quality drill […]

First Exploration Drill Hole Completed Intercepts Potash Mineralisation African Potash, the AIM listed company focused on sub-Saharan potash assets, has successfully intersected potash mineralisation at its Lac Dinga Potash Project in the Republic of Congo. LDDH_001 drill hole is the first of two holes to be completed within the Project area. Highlights: · LDDH_001 intersected […]

The share price of Petra Diamonds Ltd (LSE:PDL) rose by more than 8.6% today to 192.1 after the company had recovered a 232.08 carat diamond of exceptional quality from the legendary Cullinan mine in South Africa, proving that the best way to boost a diamond mining stock is by mining diamonds, especially exceptional ones. The closing […]

Mariana Options Strategic RurimaracGold Property Mariana Resources Ltd, an AIM quoted exploration and development company focused in Peru, southern Argentina and Chile, announces it has entered into an option to earn up to 70% of two potentially strategic gold tenements, located in the prospective Cordillera Negra metallogenic province in Peru. The Rurimarac Properties are located […]

ARIANA secures 100% surface rights for Arzu South Ariana Resources plc, the Anglo-Turkish gold exploration and development company focused on Turkey, has released update from its Kiziltepe Gold-Silver Mine following the Company’s recent approval of US$33 million of funding with a Turkish investment bank. Kiziltepe is the initial mine targeted at the Red Rabbit Gold […]

Potential Volcanic Massive Sulphide Clusters Identified – Blocks 5&6 Copper Project, Oman Savannah Resources (LSE:SAV) has announced that it has received positive results from the recent reprocessing of a Versa​tile Time Domain Electromagnetic airborne survey originally completed in 2010 at its highly prospective, 870km² Block 5 and Block 6 copper project, located in the prospective...

Transfer of Convertible Loan Agreement and Board Changes Paragon Diamonds Limited, the AIM quoted diamond development and production company in Africa announces that Obtala Resources Limited, the holder of £1,996,000 loan notes in the Company, as well as 27.33% of the Company’s issued share capital, has entered into an agreement to sell the Notes to […]

GOLD (XAUUSD) Dominant Bias: Bearish Contrary to the assumption that Gold would be bullish, its price has gone downwards significantly within the last 2 weeks. There is now a Bearish Confirmation Pattern in the market and the market can continue to be weak. There are support levels at 1275.00 and 1265.00, which would serve as […]

Going for Gold? The Ecuadorian government has announced plans to abolish the windfall tax which torpedoed Kinross Gold’s Fruta del Norte gold project. Ecuadorian President, Rafael Correa, recently stated on national radio that changes would be made to the country’s mining laws, which he acknowledged, “…have been a failure on the part of the government.” […]

‘Excellent’ bulk Sample Grade from Tongo Project, Sierra Leone Stellar Diamonds, the London listed (LSE:STEL) diamond development company focused on West Africa, has issued the final bulk sample grade at its Tongo kimberlite project in Sierra Leone has exceeded 178 carats per hundred tonnes. Highlights: · 1,182 carats recovered from kimberlite ore at an average […]