Weekly Mining Highlights 20th October 2019

A look back at some of the top news from London’s small-cap miners.

By Madeleine Taylor

BlueRock Diamonds PLC (LON:BRD) unearthed a record quantity of gems at its Kareevlei mine in the third quarter, sending its share price up 7% to 136p.

Kavango Resources PLC (LON:KAV) commenced drilling at the first of its three targets on the Kalahari Suture Zone in Botswana.

Thor Mining PLC (LON:THR) started its second drilling program at the Bonya tungsten deposits in Northern Territory of Australia, hoping to prepare its mineral resource estimates.

Galileo Resources PLC (LON:GLR) raised £500,000 through a share placing to advance its Star Zinc and Kashitu mining projects.

 

 

Shefa Gems Ltd (LON:SEFA) delivered the highest grade results to date from Zone 2 of its Kishon Mid-Reach project in Northern Israel.

Shanta Gold Ltd (LON:SHG) said it has successfully shored up its debt position while staying on track to meet its production and cost targets for the year.

Ormonde Mining plc’s (LON:ORM) joint venture running the Barruecopardo tungsten mine has raised a further €US$10mln in debt finance from principal backer Oaktree.

Ariana Resources PLC (LON:AAU) said drilling at its Kiziltepe mine has confirmed several mineralised structures.

Horizonte Minerals PLC (LON:HZM) unveiled the findings of a successful pre-feasibility study which has confirmed the Vermelho project as “a large, high-grade resource, with a long life and low-cost source of nickel sulphate for the battery industry.”

Pembridge Resources Plc (LON:PERE) revealed that the Minto project, in the Yukon, has been brought back into production, with first new concentrates made on 11 October.

Sales rebounded at Strategic Minerals PLC’s (LON:SML) Cobre magnetite operation as the metal miner proceeded with arbitration claim against its main customer.

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Shefa Gems (LON:SEFA) James Campbell Company Audio Update

Caledonia Mining Corporation PLC (LON:CMCL) said electricity supplies have improved in Zimbabwe in the past two months though it is installing additional diesel capacity to insulate the Blanket mine fully from any further grid outages.

Ariana Resources PLC (LON:AAU) tidied up the structure of its Kizilcukur project in Turkey by buying the holder of a net smelter royalty over the project.

Arkle Resources PLC’s (LON:ARK) Stonepark zinc project, near Limerick,  was boosted by an injection of funds from global mining major Glencore.

A new study at ECR Minerals PLC’s (LON:ECR) Windidda gold project in Western Australia has indicated the potential for gold-bearing rocks and “shallow feasible drill targets”.

Shares in Capital Drilling Ltd’s (LON:CAPD) were in positive territory and analysts welcomed an upbeat trading update which highlights what is set to be a strong run into the end of 2019.

Rockfire Resources PLC (LON:ROCK) shares jumped higher on Tuesday as the firm said it recently completed reprocessing of historical geophysical data from its 100%-owned Plateau Gold Deposit in Queensland, Australia which has highlighted a number of large chargeable responses which will be tested during the group’s current drilling program.

Ncondezi Energy Ltd (LON:NCCL) appointed an interim chief operating officer (COO) to lead technical processes at its Tete coal power project in Mozambique.

Gold production at Anglo Asian Mining PLC’s (LON:AAZ) Gedabek project in Azerbaijan rose by 3% in the quarter to 30 September 2019 to 20,227 gold equivalent ounces.

Chaarat Gold Holdings Ltd (LON:CGH) hit more gold in its ongoing drilling campaign at the Tulkubash project in the Kyrgyz Republic.

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Red Rock Resources (LON:RRR) Jupiter Mines - update and dividend declaration

Ariana Resources PLC (LON:AAU) had its suite of licences in one of the most sought after gold exploration areas of Turkey renewed for another five years.

Approval from the relevant Chinese authorities for Gangfeng Lithium Co Ltd to complete its strategic investment in Bacanora Lithium PLC (LON:BCN) was received.

Bluejay Mining PLC (LON:JAY) defined seven further drill-ready targets at its Disko-Nuussuaq nickel-copper-cobalt-platinum group elements project in West Greenland.

By Madeleine Taylor

Source www.proactiveinvestors.co.uk
Article originally published by proactive investors. Share Talk is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
The above has been published by Proactive Investors Limited (the “Company”) on its website and is made available subject to the terms and conditions of use of its website (see T&C )
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