Mining

Exploration Update – Jangamo Project Savannah Resources plc (LSE:SAV) has announced that it has completed over 2,000m of the planned 4,000m scout drilling programme at its highly prospective 180km² Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · Visual Heavy Mineral Sands (‘HMS’) mineralisation...

Ferrex plc, the AIM quoted iron ore and manganese development company in Africa,has signed a contract, on a part equity payment basis, to complete a minimum 1,200m drilling programme at the Malelane Iron Ore Project in South Africa. The drilling programme, due to commence in July 2014, is aimed at increasing the current Inferred Resource […]

GOLD (XAUUSD) Dominant Bias: Bearish In the context of a downtrend, Gold is making attempts to rally. The attempts have not really ruled out the bearish bias, except the price goes above the resistance level at 1270.00. A close above that level would mean the beginning of a new bullish trend; but as long as […]

Pathways of Progress Announcement First Liberty Power Corp. (FLPC:OTCQB), a diversified exploration, development and mining company focused on strategic minerals for America’s future, is today providing an update by Chief Operating Officer, Jimmy Trikeriotis. Mr. Trikeriotis, seeking to highlight the essential elements of our plan forward, provides the following strategic details...

29% Increase in Resource at Flagship Gedabek Gold/Copper/Silver Mine in Azerbaijan Anglo Asian Mining, the AIM listed gold producer in Azerbaijan, has announced a 29% increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine in western Azerbaijan to 61,795,775 tonnes at 0.730 g/t of gold for 1,449,537 oz in the Measured […]

Rare Earth Minerals stock (LSE:REM) has assumed a serious bullish bias, and this is something that results in windfall for the buyers. Recently the market, which was trending downwards, found some bottom at support level of 0.4. The bottom was found during a protracted consolidation phase that held out for a few months. In May […]

African Potash shares (LSE:AFPO) were trending downwards in a slow and steady manner before further downwards trend was rejected in May 2014. Since then, the price has assumed a new bullish bias. The new bullish bas is sustainable because the price is now far above the Trendlines (an area from which it broke out). In […]

AIM-listed Amara Mining (LSE:AMA) said phase 1 of its 2014 drilling campaign at its Yaoure Gold Project in Côte d’Ivoire (Ivory Coast) yielded impressive results. In a statement, John McGloin, Executive Chairman of Amara, said the campaign had “strong initial results” that confirmed earlier data and increased the company’s confidence in the potential of the […]

Here’s the current outlook on Gold and Silver. GOLD (XAUUSD) Dominant Bias: Bearish Gold was in an equilibrium phase for most of the month of May 2014, but price has now broken out in the direction of the bears. From a weekly high of 1301.28, the price has dived, reaching a low of 1255.77. This […]

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, has announced final audited results for the year ended 31 December 2013 (‘FY 2013’). Overview: · Steady production performance at flagship Gedabek gold-copper-silver mine in Azerbaijan in FY 2013 · Total gold production of 52,068 ounces (2012: 50,215 ounces) · Gold sales of 46,076 […]