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Glen Eagle’s Processing Plant in Honduras Reaches Its Objective In Recovering Precious Metals
April 14, 2016
Glen Eagle Resources Inc.‘s processing plant Cobra Oro`s newly built cyanide circuit is performing as expected with gold and silver recovery ranging between 80 percent to 85 percent over the entire production process. The gold and silver bars produced are
Hunt Mining Orders New Metallurgy Tests for Its La Josefina Project, Argentina
April 14, 2016
Hunt Mining Corp. has ordered new metallurgy tests for its flagship La Josefina project in Santa Cruz Province, Argentina. Hunt Mining has shipped ore samples taken from La Josefina to the McClelland Laboratories in Sparks, Nevada. The principal purpose of
Alphamin Signs MOU with Walikale Territory to Advance Its Bisie Tin Project, DRC
April 13, 2016
Alphamin Resources Corp.‘s (AFM) Democratic Republic of Congo (DRC) operating company, Alphamin Bisie Mining SA (ABM), who is developing the Bisie Tin Project in eastern DRC, has signed a memorandum of understanding (MOU) with the communities of Walikale Territory in
Energizer Resources Raises Capital for Permitting at Molo Graphite Project, Madagascar
April 13, 2016
Energizer Resources Inc. has closed a non-brokered private placement offering for gross proceeds of CDN$224,550. Insider participation consisted of CDN$195,150 of the offering. The net proceeds of the offering will be used to fund the permitting fees associated with the
Uranium Resources Secures $12 Million to Advance Temrezli Project, Turkey
April 13, 2016
Uranium Resources, Inc. (URI) has executed a purchase agreement with Aspire Capital Fund, LLC to place up to $12 million in stock with Aspire Capital over a term of 30 months. The purchase agreement with Aspire Capital was executed on
Kibo Mining Confident Over Resource After Upgrade at Mbeya Coal Project, Tanzania
April 13, 2016
Kibo Mining PLC has significantly upgraded the status of the resources at its Mbeya coal-fired power development in Tanzania. A drilling program has seen the resource overall rise by 10.4 percent to 121 mln tonnes (Mt) out of which 20.9Mt
Mariana Resources Exits Nassau Gold Project, Suriname
April 13, 2016
Mariana Resources Ltd has opted to withdraw from the Nassau Gold Project in Suriname. It did so after evaluating all the exploration data and cited the “significant” future costs of an earn-in to the project for its exit. Mariana, which
Erdene Secures $2.5 Million Financing to Advance Development Programs for Gold Projects in Mongolia
April 12, 2016
Erdene Resource Development Corp. has signed financing agreements with Sandstorm Gold Ltd. that provide total consideration of C$2.5 million to Erdene to advance exploration and development programs on the company’s gold projects in southwest Mongolia. The transaction provides funding to
MNG Acquires Golden Rim Resources’ Balogo Project for $4 Million, Burkina Faso
April 12, 2016
Golden Rim Resources Ltd’s cash balance received a fillip of A$4 million after completing the sale of the Balogo Project in Burkina Faso to the MNG Group of companies (MNG). Golden Rim’s cash balance is now A$7.5 million, and the
True Gold Begins Gold Production at Karma Gold Mine, West Africa
April 12, 2016
True Gold Mining Inc. has achieved first production at the Karma gold mine on April 11, 2016, a few weeks following the start of leaching of ore. “Today is a great achievement for everyone that has been involved in building
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