Exploration Briefs - July 2016

Rox Resources has reported an initial inferred mineral resource for the Teena zinc-lead deposit on the Reward project in Australia’s Northern Territory. Teck Resources Australia has an option to earn a 70% interest in the project by spending up to A$15 million on project exploration by the end of August 2018. As of March, Teck had spent approximately A$13.85 million.

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Exploration Briefs - June 2016

Ivanhoe Mines has initiated a 25,000-m, in-fill and exploration drilling program, using up to nine drill rigs, at the Kakula discovery on the Kamoa copper mining license area in the Democratic Republic of Congo. Kakula represents a major extension of the Kamoa copper deposit, which Ivanhoe Mines discovered in 2008.

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Exploration Briefs - May 2016

Lundin Gold has initiated exploration drilling on five regional targets near its Fruta del Norte gold project in southern Ecuador. A 26-hole, 10,500-m drill program is planned on high-priority targets located 15 to 20 km south of Fruta del Norte. The drilling is planned to be carried out in two phases, with the first phase comprising 20 holes totaling approximately 7,500 m. Based on first-phase results, a second phase of follow-up drilling is anticipated, with current plans calling for up to an additional 3,000 m.

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Exploration Briefs April 2016

Barrick Gold has signed an agreement with Alicanto Minerals granting Barrick the option to earn a 65% interest in Alicanto’s Arakaka gold project in northwest Guyana. Funding requirements for Barrick total $10 million, including $8 million in exploration expenditures over a period of four years and a $2 million cash payment to Alicanto at the completion of the earn-in expenditure.

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