Weekly Mining Highlights, 23rd June 2019

Looking back at news from London’s junior miners this week.

Bushveld Minerals Ltd (LON:BMN), the vanadium producer, has provided a maiden mineral resource estimate for the Brits project in South Africa.

The aggregate inferred and indicated mineral resource distributed across the lower, intermediate and upper seams is reported as 66.8mln tonnes at an average grade of 1.58% vanadium pentoxide, among the highest in the world.

European Metals Holdings Ltd (LON:ASX:EMH) shares jumped higher on Monday after the firm said it has updated the process flowsheet previously developed to enable the production of lithium hydroxide (LiOH.H2O) from the Cinovec project in the Czech Republic.

This work has been completed in conjunction with test-work confirming the production of battery grade lithium hydroxide from Cinovec ore.

On Tuesday, Chaarat Gold Holdings Ltd (LON:CGH) shares rose following news the firm has received assays for the first tranche of the recent drilling programme conducted on its Tulkubash gold project in Kyrgyzstan.

Over 3,800 metres of drilling was completed, with a minimum of 20,000 metres scheduled to be completed in 2019, with 15.5 metres true width grading 2.2 grams per tonne gold.

Vast Resources PLC (LON:VAST) said that following meetings with local community leaders and Zimbabwe Consolidated Diamond Company, a road map has been drawn up to allow the company to mine on the Heritage concession.

“After taking part in the meetings last week with our senior management, the community chiefs and ZCDC, I am pleased to say that the timeline to closing the agreements will now be accelerated,” said Andrew Prelea, chief executive officer of Vast.

READ
Vast Resources plc (LON:VAST) Annual Financial Report

Shanta Gold Limited (LON:SHG), the East Africa-focused gold producer, said it has unearthed exceptional grades in its latest drilling campaign at New Luika in south-western Tanzania.

Drilling at Bauhinia Creek on the New Luika gold mine and has intersected high-grade mineralisation over significant widths, added that the strike length of high-grade mineralisation below the existing reserves is estimated at 280 metres and remains open at depth.

IronRidge Resources Ltd (LON:IRR) has reported ‘significant’ intersections of mineralisation at the Ewoyaa West target, part of its Cape Coast lithium assets in Ghana.

The mineralisation was encountered via the company’s trenching operations at Ewoyaa West.

Anglo Asian Mining PLC (LON:AAZ) shares rose on Wednesday following news the firm has identified multiple targets from an aerial survey of the land surrounding its Gedabek gold mine in Azerbaijan.

Some of these are in areas of known mineralisation, said the miner, while others are in completely unexplored territory.

A day later, Anglo Asian stated its confidence in its guidance for up to 86,000 of gold equivalent ounces this year.

Savannah Resources PLC (LON:SAV) took full ownership of the Mina Do Barroso lithium project in Portugal, with partner Slipstream Resources swapping a 25% direct interest for more shares in Savannah.

Gold explorer Landore Resources Limited (LON:LND) said it expects the ongoing drilling programme at BAM to establish its Junior Lake property as a multi-million-ounce gold deposit.

BAM’s existing resource extends over 1.7km within a 3.1km strike length and the in-fill drilling will take place along the outstanding 1.4km in order to bring that section up to a defined resource level.

READ
Share Talk Weekly Stock Market News, 6th October 2019

Bluejay Mining PLC (LON:JAY) issued an updated 2019 work programme for its Dundas ilmenite project in Greenland.

The AIM-listed firm said during the year it would focus on preparing a bulk smelter sample from the project to be shipped to the Sorel-Tracy plant in Quebec, Canada, owned by ilmenite refiner Rio Tinto Iron and Titanium Canada Inc, following an agreement between the two firms to jointly analyse the ilmenite from the Dundas project.

Eurasia Mining plc (LON: EUA) has lodged an application for a new exploration license area, Tipil, with the relevant authorities in Russia.

Tipil is adjacent to West Kytlim, where Eurasia has been mining for platinum and palladium for some time.

 

 

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.

 

 

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