Mining

Ariana Resources (LSE:AAU) have released JORC Resource Estimate for the Kizilcukur and Ivrindi projects which are 100% held by the company outside of the Red Rabbit Joint Venture in Western Turkey. Highlights: -27,600 oz Au equivalent JORC Inferred added to the resource base from two satellite prospects, Kizilcukur and Ivrindi, located in the vicinity of […]

Once upon a time there were mining giants.  They mined huge amounts of different ores all over the world.  In order to get their mining done, the giants needed the help of elves.  WRONG STORY!  They needed that help of other giants.  One of them was a giant Caterpillar.  The Caterpillar became very rich and […]

Ariana Resources (LSE:AAU) , has provided a further update on its recent exploration programme across the Red Rabbit Joint Venture project area in Western Turkey, following on from initial results announced on the 23 September 2013. Highlights: -Ten new drill-ready targets defined on well-mineralised veins (rock-chip values typically exceeding 5 g/t Au) at the Kiziltepe […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resource projects in Africa, has reported that the Mine Restoration Investments Ltd, in which Armadale holds a 40% interest, has made progess during initial production at its coal briquetting plant. In a statement the Board of Directors said it was “pleased to announce further that […]

Initial drill results return DSO grades from Mebaga Iron Ore Project in Gabon Ferrex (LSE:FRX), an AIM quoted iron ore and manganese development company focused in Africa, has released assay results for the first two holes completed from the diamond drilling programme at its 309 sq km Mebaga DSO Iron Ore Project in northern Gabon. […]

Gedabek Gold, Copper and Silver Mine JORC Measured and Indicated Mineral Resources Increase to 1.12 Moz of gold Anglo Asian Mining (LSE:AZZ), a gold producer in Azerbaijan, has announcds an increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine (‘Gedabek’) located in the Republic of Azerbaijan to 44,644,658 tonnes at 0.783 […]

Anglo Asian Mining (LSE:AAZ), a gold producer in Azerbaijan, has announced that it has entered into a loan facility agreement (‘Facility Agreement’) with Amsterdam Trade Bank N.V. (‘ATB’). Under the terms of the Facility Agreement, ATB has agreed to provide a committed term loan facility of up to US$37 million (the ‘ATB Facility’) to Azerbaijan […]

Phorm Corp (LSE:PHRM) is a highly promising market for profit seekers irrespective of its recent indecision which dragged on for several months. The price has been bottoming for months, reaching an all-time low at the accumulation zone of 2.00. One would see that the ADX period 14 is at the level 50 (meaning a strong […]

Alecto Minerals (LSE:ALO), a mining exploration company focusing on West and East Africa, is has provided a market update on the Company’s exploration activities at its Kossanto Gold Project, West Mali. Highlights: • Trenching and soil sampling at Gourbassi East demonstrated the following positive results: o Trenching over the Gourbassi East Main Zone reveals high […]

Sable Mining Africa (LSE:SBLM) has confirmed the issuance of an export decree for the Nimba Iron Ore Project in south-west Guinea , by the Government of the Republic of Guinea, authorising the Company to export iron ore through Liberia to the Port of Buchanan. The decree, the first to be issued in Guinea, will, together […]