Friday, July 24th 03:44 PM

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...Continue

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.

Firestone Diamonds delays Lesotho mine launch

  • "Despite adverse weather, increased overburden and the larger rocks encountered at the site, the project continues to make good progress," said Stuart Brown, the CEO of Firestone.

Mariana Resources finds further high-grade Gold, Copper results at Hot Maden

  • The most significant intercept was from the 13th hole on the project, which produced 109.9 metres at 11.9 grammes of gold per tonne and 1.13% copper from 259.1 metres. That includes a "bonanza" grade interval of 12.9 metres at 89.6 grammes of gold per tonne and 1.7% copper.

Conroy Gold discovers new Gold targets in Co Monaghan

  • Four gold-in-soil samples in the anomaly were above 20ppb gold and a further five above 10ppb gold. The anomaly remains open on its Northern side.

South Africa's mining output rises 7.7% in April

  • The highest positive growth rate was recorded for platinum group metals (PGMs). The increase of 81.6% was partly due to the low base set in April 2014 when the sector was affected by industrial action.

Gold mining industry contributes over $171 bn to global economy in 2013: WGC

  • 70% of the value that gold mining companies distribute within an economy relates to payments to local suppliers and employees. Interestingly, the majority of government revenues from gold mining are derived from sources, such as corporate and income tax rather than from money relating to permits and royalties.
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