THE Reserve Bank governor, Dr Gideon Gono says that Zimbabwe’s economy could be turned around in the next few years if the country does not continue to lose revenue from illegal dealing in the mining industry. He said that Zimbabwe is currently losing US$1.2 billion a month to illegal diamond dealing.
Dr Gono made this shocking [...]
Golden Share Mining Corporation (TSX VENTURE: GSH) is pleased to announce the start-up of drilling activities on its Malartic Lakeshore property as well as the continued development of its other mining properties
Malartic Lakeshore property
The stripping program is now completed and the exposed areas have been channel sampled and mapped in detail. A total of 619 [...]
CIM’s new guidelines address the following topics: Definitions of technical and legal terms and the prescribed units of measurement; credentials and knowledge desirable for qualified persons; standards of comprehensiveness and detail regarding the information that ought to be included in resource databases; geological interpretation and modeling; and finally, standards and protocols for mineral resource [...]
Equinox Minerals Limited (TSX and ASX symbol: “EQN”) (”Equinox” or the “Company”) is pleased to report that recent exploration drilling at the Company’s Kanga Prospect (”Kanga”) continues to intersect significant copper intercepts.
In evaluating these anomalies (see Figure 1 following), Equinox has now drilled 20,000m in 112 drill holes comprising mainly reverse circulation with some diamond [...]
The diamond parcel recovered in Phase 1 is too small to provide meaningful valuation data; however, the parcel has been reviewed by Galaxy Diamond Expertise SA to qualitatively assess Mothae diamonds and to compare them with production from the Letseng diamond mine. Galaxy noted strong similarity between the Mothae diamonds and those from the Letseng [...]
Continental Nickel Limited (CA:CNI: news, chart, profile) is pleased to announce that it has commenced diamond drilling with two drill rigs on its 70% owned Nachingwea nickel-copper project in Tanzania, a 70:30 joint venture with IMX Resources NL (”IMX”) of Australia. The Company is implementing a 2008 exploration program at Nachingwea budgeted at C$7.0 million. [...]
Included in the parcel were five stones greater than 10 carats in weight, which were sold for a total of US$ 510,039, or US$ 5,791 per carat. The largest diamond in the parcel was a 30.96 carat diamond which was sold for US$ 230,033, or $7,430 per carat. Photos of the diamond are available [...]
The first mine – called Ekati – was jointly owned by Dia Met and Australian partner Broken Hill Pty. Co., and began production in October, 1998. A second mine – Diavik – owned by Toronto-based Aber Diamond Corp., (now called Harry Winston Diamond Corp.) and British miner Rio Tinto PLC, started up in 2003.
It hasn’t [...]
Arian Silver Corporation (”Arian Silver” or the “Company”) (CDNX:AGQ.V – News) (AIM: AGQ) (PLUS: AGQ) (Frankfurt:I3A.F – News) today announced that it has received additional assay results from its Phase-One diamond-drill programme at the San Jose Property, Zacatecas State, Mexico. These results relate specifically to the ‘Solidad’ area on the San Jose Vein (SJV), approximately [...]
The Board of Republic Gold (ASX:RAU) announces that it has planned a 1,500 metre diamond drilling programme at the Amayapampa Gold Project in Bolivia. The aim of the programme is to check a number of high grade channel samples in the orebody and to extend the mineralisation to depth where a small number of drillholes [...]