Exploration Roundup - May 2017

Cartier Resources Drilling 50,000-m Across Four Gold Projects in Quebec

Cartier Resources has announced plans for 50,000-m in exploration drilling to be conducted at its Chimo Mine, Benoist, Wilson, and Fenton gold projects in Quebec. The drilling is intended to explore the depth and lateral extensions of known high-grade gold mineralization and expand the dimensions of known deposits on the four properties.
At the formerly producing Chimo mine, two rigs will complete 25,000 m of drilling. One rig will focus on depth and lateral extensions of known mineralization and expand the dimensions of gold zones that have been previously outlined. A second rig will focus exclusively on drilling the depth extension along plunge of the main Chimo gold zone, where the bulk of the ounces were mined. Cartier plans to begin the Chimo drilling in June and to complete it by December.

Read the Whole Article in our Digital Edition

Exploration Roundup - April 2017

Newmont Secures Earn-in Rights to Goldstrike’s Plateau Property

Newmont Mining and Goldstrike Resources have announced an agreement that provides Newmont with rights to explore and develop Goldstrike’s highly prospective Plateau gold properties in east-central Yukon Territory, Canada. The agreement calls for Newmont to make phased investments that could total as much as $39.5 million to purchase interests in Goldstrike, for exploration spending, and to complete a feasibility study by December 15, 2027. If the agreement is carried through to its conclusion, Newmont may earn 80% equity in the Plateau property.

Read the Whole Article in our Digital Edition

Exploration Roundup - March 2017

New Drilling Extends Strike Length at Ivanhoe’s Kakula Copper Discovery

The latest drill results from Ivanhoe Mines’ Kakula copper discovery in the Democratic Republic of Congo (DRC) confirm the exceptional continuity of the deposit’s high-grade copper mineralization and its relatively flat-lying geometry. Highlights include a step-out hole drilled 1.6 kilometers (km) northwest of the current boundary of Kakula’s inferred resources that intersected 11.10 meters (m) true width of 5.82% copper at a 3% copper cut-off, beginning at a downhole depth of 993 m. The mineralization is similar to the mineralization found at the established center of the deposit.

High-grade copper mineralization at Kakula has now been outlined along a corridor about 1 km wide and at least 5.5 km long. The discovery remains open along a northwesternly to southeasterly strike.

Ivanhoe is mobilizing additional contract drill rigs to the Kakula discovery, and as of late January had nine rigs drilling on the site. Ongoing work includes infilling a 2.6-km2 area immediately northwest of the current inferred resource boundary; infill drilling of inferred resources in the central section of the deposit; and step-out drilling to the southeast to explore for additional extensions of the Kakula high-grade zone along the trend.

Read the Whole Article in our Digital Edition

 

Newcrest Enters Into Exploration Agreements With Randgold, Antam

Newcrest Mining has entered into separate exploration agreements with Randgold Resources and Antam. Newcrest is a gold producing company headquartered in Sydney, Australia. Randgold is a gold producing company headquartered in London, England. Antam produces a range of natural resources, including gold and silver, and is headquartered in Jakarta, Indonesia.Under the Randgold/Newcrest agreement, the companies will establish a joint venture for the exploration, development and mining of mineral resources in an area of interest in the southeast of Côte d’Ivoire. The area covers the extension of some of the more prolific Ghanaian gold belts and associated structures.

Read more ...

Resource Center Whitepapers, Videos, Case Studies