Condor Gold plc said that a fixed gold recovery of 91% will be used in the project economics of the forthcoming feasibility study for La India gold project in Nicaragua. METALLURGICAL TEST The figure comes from the final results of metallurgical tests for the FS on the La India open pit, which showed that gold […]
Tag: precious metals
Galantas closes $530,000 loan with Ocean Partners
Galantas Gold Corporation said it had closed the US$530,000 (£435,000) loan agreement with Ocean Partners UK Ltd for its operations at Cavanacaw mine in Omagh, Northern Ireland. DIRECTOR ROLE Ocean Partners is closely associated with Brent Omland, a director of the Canadian mining company. Mr Omland is also chief financial officer of Ocean Partners and […]
Altus reports 67% rise in reserves and $150m NPV for Diba gold project
Altus Strategies plc announced a 67% increase in mineral reserves and post-tax net present value (NPV) of US$150 million for its 100% owned Diba & Laflanka gold project in western Mali. MINERAL RESOURCE ESTIMATE The company reported the figures in its revised mineral resource estimate (MRE) and preliminary economic assessment (PEA). Altus said it aimed […]
Hummingbird reports $435m start-up costs for Dugbe
Hummingbird Resources plc announced that its joint venture partner Pasofino Gold Ltd had estimated costs of US$435 million to start the 2,559 km2 Dugbe gold project in southern Liberia. PRODUCTION The figure is part of the Pasofino’s filed feasibility study (FS) for the project, which comprises two defined deposits of Tuzon and Dugbe F. Pasofino’s […]
New Ballarat notes ‘considerable potential’ for Ajax
New Ballarat Gold Corporation plc (NBGC) reported “considerable potential” for its joint venture (JV) Ajax mine in Australia. AJAX LINE The JV is a subsidiary between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). NBGC has a 100% interest in operator Red Rock Australasia Pty Ltd (RRAL), focusing on the Victoria gold fields. Licence […]
Ormonde enters conditional €2.3m sale of La Zarza interests
Ormonde Mining plc has signed a conditional framework agreement for the €2.3 million sale of its interests in the La Zarza copper-gold project in Spain. TRANSACTION The transaction is with La Zarza Mineria Metalica S.L.U, a subsidiary of Spanish company Tharsis Mining S.L, which controls the mining rights to La Zarza. The sale comprises Ormonde’s […]