Mining

Savannah Resources (LSE:SAV)announces that it has received positive testwork results from follow-up analysis of samples collected from a 27 hole, 1,812m scout drilling programme completed in November 2013. The results confirm broad zones of heavy minerals at its prospective 180km² Jangamo heavy mineral sands project (‘Jangamo’ or the ‘the Project’), which is located in a […]

Transnational Group, Inc. (NASDAQ:TAMG), has today announced that it is in negotiations with a mineral development company to acquire an interest in 70 contiguous mining claims located in the Pacific Northwest. Transnational Group’s target property has an estimated recoverable amount of iron ore in excess of 687 million tons of high-grade magnetite concentrate (iron ore), […]

North River Resources Plc (AIM:NRRP) have released recently assayed drilling results indicate significant quantities of high grade mineralisation under the historic Namib Lead Zinc mine. Highlights: – 23.3m of 20.5% combined Pb/Zn with 132.4 g/t Ag – 15.1m of 16.9% combined Pb/Zn with 45.2 g/t Ag – 12.1m of 18.1% combined Pb/Zn with 169.2 g/t […]

African Consolidated Resources PLC, the AIM listed resources and development company, has confirmation of an Ore Reserve Estimate in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (“the 2012 JORC Code”) of 16.6Mt grading at 1.9g/t for 1.02Moz of contained metal at its flagship Pickstone Peerless […]

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has announced that it has ordered six Komatsu Model HD785-7 100 ton haul trucks and two CAT D9 dozers. This equipment purchase is expected to enable the Company to continue to increase the run-of-mine (“ROM”) production profile […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): As it was mentioned in the last forecast on Gold, the price of this precious metal pulled back last week, following a few days of consolidation. However, the price has shrugged off further bearish pull as it begins a new period of bullish journey. […]

Here is the current outlook on Gold and Silver. GOLD (XAUUSD): Since a ‘buy’ signal was generated on Gold in early February 2014, it has moved upwards by over 8000 points. The bullish outlook on the market is very strong, and therefore, a bullish continuation would be spurred on by further buying pressure. This is […]

After closing yesterday at its highest point since 20 November 2013 Randgold’s share price (LSE:RRS) has slipped by 111.00 pence , a drop of 2.49% from yesterday’s close of 4456, during the first half of the day. Frankly, this is absurd. It would appear that the drawback was initiated by an inane reporter’s description of […]

Here is the current outlook on Gold and Silver. GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as […]

Randgold Resources (LSE:RRS) proved the positive implication of the old axiom, “If you fail to plan, you plan to fail.” The company’s keen understanding of the gold market and its anticipation of a decline in the price of gold during 2013, positioned itself to described its annual results for 2013 this morning for “one of […]