Tuesday, August 25th 06:34 PM

Gold production fell 2.3% year-on-year in June from a 4.9% decline in May...Continue

White Cliff Minerals finds Gold zones at Red Flag prospect

  • Gold mineralisation occurs over 200 metres and is open along strike and at depth. Results include a peak of 4 metres at 1.33 grams per tonne gold and warrant follow-up drilling.

Stellar Resources' Gold Mines of Wales bags six year exploration extension

  • Under its renewed Option, GMOW retains 107 km squared of exploration area, which includes the Clogau St Davids mine, the most significant historical producer within the area covered by the option, as well as the prospective southern area of the gold-belt.

Lucara cuts output guidance as Q2 revenue, profit fall

  • The average price for rough diamonds sold during the period plummeted 51% to $412 per carat. As a result, Lucara's profit dropped 45% to $8.6 million.

Xtract Resources discovers another high grade Gold reef system at Chepica Mine

  • This new find, Reef System B, follows the earlier discovery of a system that graded at 4.2g/t over a 3.5m width and may significantly extend the area’s mine life.

Adelaide Resources intersects Gold mineralisation at Eyre Peninsula project

  • Individual assay samples returned results of 16.7g/t gold and 13.2g/t gold indicating the presence of a high grade component in the mineralised zones.

South Africa's mining output growth slows in May

  • The highest positive production growth rate was recorded for platinum-group metals (PGM), which grew by 99.6%, partly as a result of the low base in May 2014, when the PGM sector was adversely affected by industrial action.

Blackham Resources re-enters Golden Age in key step towards production

  • Golden Age is a high grade free milling reef that produced 160,000oz @ 9g/t Au and has a remaining resource of 0.6Mt @ 6.7g/t for 125,000oz Au which is a priority source of high grade free milling ore for recommissioning the Wiluna Gold Plant.

Lake Shore Gold announces second Gold discovery at 144

  • The new mineralization is located 200 metre to the southwest of the 144 Gap Zone and is defined by five holes covering 125 metre of strike length approximately 800 metre below surface and close to the elevation of the new exploration drift being developed from Thunder Creek.

Iamgold intersects high-grade Gold at Monster Lake

  • The target areas evaluated included the west limb of the prominent folded unit, close to where new gold showings were identified in 2014 - the south-west and north-east strike extensions of the 325-Megane zone and the MLSZ, and the Zone 52 and Eratix prospect areas.
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