Gold

  • INDONESIA - Killara makes move on Gapura gold project

    Australian explorer Killara Resources will acquire 75% equity in the Gapura gold concession in West Kalimantan for payments totalling US$8.5 million. The payments will be sequenced as each step of the exploration program at the site is completed, including receipt of necessary exploration permits, resource drilling, a feasibility study and a JORC-compliant resource estimate.  1

  • INDONESIA - Possible new gold zone at Tembang

    Sumatra Copper & Gold says new high-grade gold and silver assays at its flagship Tembang Gold-Silver Project in South Sumatra point to the possible discovery of a new zone of mineralization.  1

  • INDONESIA - Southern Arc strikes gold at West Lombok

    Just weeks after commencing drilling at its West Lombok project, Southern Arc Minerals has announced intersections from the Tibu Serai target at Mencanggah prospect of up to 71 grams/tonne gold. Seven shallow holes have been drilled to test down dip from high-grade surface channel samples.  1

  • INDONESIA - Western Mining to acquire Sulawesi gold licence

    Perth-based Western Mining will acquire an 80% stake in Indonesian company PT Persada Bumi Rawas, which holds the gold exploration licence for the Persada tenement in Central Sulawesi. The licence, which was issued by the Regent of Buol and is subject to due diligence, takes in 5000 hectares in an area considered prospective for gold.  1

  • IOCG - Golden Cross to drill Oolgelima Hill

    Golden Cross Resources has executed necessary agreements and received almost all necessary approvals for a drilling program on Oolgelima Hill tenement in the northern part of Gawler Craton in the centre of South Australia.

  • KYRGYZ REPUBLIC - Comet to acquire three gold licences

    Comet Resources is set to acquire Kyrgyz Gold and three drill-ready gold exploration licences in the Kyrgyz Republic’s Tien Shan gold belt.

  • M & A - B2Gold and CGA merger completed

    The merger between B2Gold Corporation and CGA Mining has been completed with all issued shares of CGA being acquired by the Vancouver-based company. B2Gold now owns three operating mines - two in Nicaragua and one in the Philippines - as well as a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay.

  • M & A - B2Gold and CGA merger given green light

    Shareholders have approved the merger of B2Gold and CGA Mining, with 99.94% of those voting in favour of the deal. The transaction is expected to be fully implemented on or about January 31, subject to final court approval and other customary closing conditions, and will result in CGA becoming a wholly-owned subsidiary of B2Gold.

  • M & A - Hanking Gold picks up Southern Cross operations

    Australian gold producer St Barbara has sold its Southern Cross operations to a subsidiary of China Hanking Holdings. The Southern Cross operation ceased mining and processing in the December quarter, and has since been under care and maintenance.

  • M & A - LionGold secures 13% stake in Unity Mining

    Singapore-based company LionGold has bought a 13% share in Unity Mining with almost 93 million shares purchased for a total of Aus$6.67 million.

  • M & A - LionGold to increase stake in Acadian

    Singapore’s only main board-listed gold company, LionGold Corporation, will subscribe for up to 6 million new shares in Canadian company Acadian Mining, in a bid to gain an inexpensive foothold in North America. The purchase will see LionGold’s stake increase to 9.35% for Can$540,000.

  • MALAYSIA - Monument increases gold sales 71%

    Monument Mining has increased its gold sales by 71% compared to the same quarter last year, with 12,500 ounces sold at an average price of US$1626 per ounce.  1

  • MONGOLIA - New gold intersections at Chandman-Yol

    Results from a recently completed drill program at Altan Rio Minerals’ Chandman-Yol copper-gold porphyry project in western Mongolia have encouraged the company to test some of the site’s deeper targets.  1

  • NEW ZEALAND - Gold system confirmed at West Wanganui

    An intrusion related gold system has been confirmed at Strategic Elements’ West Wanganui project on New Zealand’s South Island with 21 of 33 samples of granite dyke hosting detectable gold.  1

  • NEW ZEALAND - Strategic Elements granted goldfield permit

    A prospecting permit for the historic Golden Blocks goldfield region on the northwest tip of New Zealand’s South Island has been granted to Strategic Elements.

  • PAPUA NEW GUINEA - Bonanza gold grades at Mt Kare

    A recent four-hole drill program at Indochine Mining’s Mt Kare gold-silver project in Papua New Guinea has revealed bonanza gold zones. Best result was 10 metres @ 6.3 grams/tonne gold including 5 metres @ 10 grams/tonne.  1

  • PAPUA NEW GUINEA - Copper-gold discovery at Star Mountains

    The fifth prospect drilled by Highlands Pacific at its Star Mountains project in Papua New Guinea has encountered copper-gold porphyry style mineralization. The Kum Kom prospect is about 25km northeast from the Ok Tedi mine and just 5km north of the Olgal porphyry that was identified in 2012 and which contained a 596 metre intersection of 61% copper and 0.85 grams/tonne gold.  1

  • PAPUA NEW GUINEA - Frieda largest undeveloped copper-gold project

    A feasibility study has confirmed that the Frieda River copper-gold joint venture in north-western East Sepik province is the country’s largest undeveloped open pit project, and among Asia-Pacific’s tier 1 copper-gold sites. The study outlines the project will require an estimated initial capital investment of US$5.6 billion, for a 20-year open pit mine life capable of annually producing an average 304,000 tonnes of copper and 451,000 ounces of gold in its first five years.  1

  • PAPUA NEW GUINEA - Gold Anomaly secures all of Crater Mountain

    Gold Anomaly has increased its stake in the flagship Crater Mountain Gold and Copper Project to 100%, acquiring the interests owned by Triple Plate Junction (8%) and Celtic Minerals (2%).

  • PAPUA NEW GUINEA - Gold Anomaly secures Crater Mountain funding

    Gold Anomaly’s major shareholder FreeFire Technology has agreed to underwrite a $6.9 million renounceable rights issue and an immediate $1.5 million bridging loan for the ongoing exploration and potential trial mining of the Crater Mountain project in the eastern highlands. The exploration will focus on drilling the project’s high grade and main zones.

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