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Loulo-Gounkoto’s new underground mine ramps up • Nickel Rock updates exploration program in British Columbia
news Loulo-Gounkoto’s new underground mine ramps up
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Successful exploration is keeping Barrick Gold’s Loulo-Gounkoto mine in Mali on track to increase mineral reserves net of depletion for the third successive year, according to Barrick president and chief executive Mark Bristow, with promising results from the Yalea Ridge and GounkotoFaraba targets reaffirming the potential for further life-of-mine extensions.
Speaking at a media briefing, Bristow said Loulo-Gounkoto was on track to meet its annual production guidance, with its new underground mine at Gounkoto — the complex’s third underground operation — ramping up production. “Loulo-Gounkoto is one of the world’s greatest gold mining operations and it continues to confirm its status as a member of the industry’s elite Tier One club, as well as the largest private sector
claims within the group, the Hard Nickel 4 and Nickel 100 exploration claims, to Surge Battery Metals in order to concentrate on its exploration efforts on the Nickel Group Claims directly adjacent to the FPX Nickel Corp Baptiste Nickel Deposit. “We are very pleased with the results from our initial exploration program on the Hard Nickel and Nickel 100 claim group and specifically with the work completed during phase 2 of this initial exploration program,” said Robert Setter, company president and CEO. “So far, we have recorded some relatively high Ni readings measured via portable XRF on the Nickel S block, as mentioned in our news from June 28, 2021, and our geological team suspects these ultramafic rocks have potential to host awaruite mineralization. This second phase of exploration includes both soil and rock sampling, technical report writing, mapping and assay work, with the remaining work to be done on trenching, geological, geochemical and geophysical surveying. Completion of this remaining work will fulfil our flowthrough exploration work program commitments for 2021.”
contributor to Mali’s GDP,” said Bristow. Loulo-Gounkoto is maintaining its commitment to the employment and advancement of host country nationals, in line with Barrick’s global policy, and people from the nearby Kenieba village have been successfully trained to operate key equipment at the new Gounkoto underground mine. The complex is almost entirely staffed and managed by Malian citizens.
Nickel Rock updates exploration program in British Columbia
Nickel Rock Resources has announced that the second phase of its initial exploration program has been completed on its nickel exploration claims in northern British Columbia, Canada.
The BC Nickel Exploration Project consists of four non-contiguous mineral claims groups held through three separate agreements. The exploration stage project is in the Trembleur Lake area of central British Columbia, partially adjacent to FPX Nickel Corp’s Decar Nickel Project.
Nickel Rock has optioned out an 80% interest on two of its four mineral
news uranium potential at Arctic Fox and Isbjorn Properties in Australia
Megawatt Lithium and Battery Metals Corp has decided to accelerate the development of the uranium potential at its Arctic Fox and Isbjorn Projects in Australia’s Northern Territory.
This follows the receipt of an interim report from the geology team, highlighting the significant uranium potential within both properties.
The board has decided that developing the uranium and rare earth element potential of both properties concurrently can potentially create significant incremental shareholder value. Moreover, the decision coincides with rapidly improving fundamentals for the uranium sector which has propelled the contract price to multiyear highs.
The Northern Territory has some of Australia’s best-known and highgrade uranium deposits. Moreover, the Northern Territory government has a long history of allowing uranium mining, which commenced in 1953.
The Arctic Fox property is contiguous to Arafura Resources’ world-class Nolans Bore Deposit, a rare earth element-phosphorus-uranium fluorapatite vein system. This deposit will encompass a mine, process plant and critical infrastructure, with commissioning slated for 2022.
Within the Isbjorn property there are assayed alluvial and stream sediment samples at five locations which are all significant and require further on-site follow up. “Following the receipt of the geology team’s interim report, the board decided to accelerate developing the uranium potential of the Arctic Fox and Isbjorn Projects,” said CEO David Thornley-Hall. “Clearly, both properties are prospective for uranium mineralization, evidenced by numerous high-grade surface samples that reconcile with the observations from the recent field trip. In addition, the fundamental outlook for uranium has improved significantly this year, while the properties are located in a region with first rate infrastructure and jurisdiction which is pro-uranium mining.”
St James Gold reports on drilling at Florin Project, Yukon
St. James Gold Corp has announced that its 2021 campaign has been directed towards drilling further mineralization in order to increase the overall 2.47Moz gold inferred resource at the Florin Project in the Yukon.
The program has focused on areas adjacent to the existing inferred resource in areas where anomalous gold results have been returned from soil sampling in previous seasons. In parallel, a prospecting drive has started to map sites of historic artisanal mining identified next to dumps that have yielded gold-bearing grab samples. These areas are under investigation to better understand the mechanisms that concentrate higher grades of mineralization in and around the Florin intrusion. In the meantime, satellite imagery has been ordered to guide prospecting, mapping and sampling to better understand the distribution of mineralization in and around the Florin intrusion. “We are pleased with the startup progress on the Q3 2021 core drilling campaign at the Florin Project which is targeting areas adjacent to known gold mineralization with the intention of adding ounces to the existing inferred Resource figure of 2.47Moz Au,” said CEO George Drazenovic.
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news Inomin starts drilling at Beaver-Lynx Nickel-Cobalt Property
Inomin Mines has started drilling at the company’s 100 percent owned Beaver-Lynx Nickel-Cobalt property in the Cariboo region of British Columbia.
Approximately 1,200 metres of diamond drilling is planned to test for nickel mineralization within a 5 – 6 kilometre-long area covering the Spur and North Lobe zones. This large exploration area has been defined by MINE’s summer 2021 ground magnetic survey and limited previous drilling.
The Beaver-Lynx project is 15 – 25 kilometres east and southeast respectively of Taseko Mines Ltd’s Gibraltar Mine. Initial exploration and metallurgical studies at Beaver, including geophysical surveys and diamond drilling programs during 2013 – 2014, demonstrated the property’s potential to host large areas of nearsurface, disseminated sulphide nickel and cobalt, amenable to conventional extraction methods. The company recently acquired additional mineral claims to join the Beaver and Lynx claim blocks into a single property (Beaver-Lynx). Mineral claims were also acquired in the Lynx area to cover a strong magnetic target. Magnetic surveys have proven very effective at delineating magnetiteserpentinite rocks hosting nickel-cobalt mineralization. At Beaver, airborne and ground magnetic surveys have identified five magnetite-serpentinite zones with a cumulative strike length of approximately 10 kilometres. Historic drilling at these zones intersected strongly magnetic shallowdipping serpentinites hosting nickel mineralization in sulphide form. Given the positive drill results related to areas of significant magnetite-rich serpentinite rocks, Beaver displays potential to host multiple zones of large, disseminated, sulphide nickel. Cobalt occurs with nickel mineralization ranging from 0.009% to 0.012% cobalt. The Beaver-Lynx project is situated in relatively flat terrain and easily accessible via all-season roads, as well as a network of forestry roads providing access to most of the property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx.
news Akobo Minerals signs contract with MIDROC for a second core-drilling rig
Akobo Minerals, a Norway-based gold exploration company with exploration and smallscale mine development in southwest Ethiopia, will soon be working with a total of three core drilling rigs, including one company owned drill rig.
After the performance of the first drill rig from MIDROC Geo/Exploration Services met expectations, a contract amendment has been signed for a second drill rig to be engaged. This allows for much faster development towards mining and extension of the Segele mineral resource. Core drilling is a critical step in the extension and advancement of mine planning at Segele. So far Akobo Minerals has produced a total of 9,400 metres of drilling. With the third drill rig in operation a production rate of 90 - 120 metres per day is expected. The additional core drilling capacity will allow the company to perform extension drilling and infill drilling simultaneously at Segele, while also advancing the scout drilling program at Joru. MIDROC Geo/Exploration Services PLC is a subsidiary of MIDROC - Mohammed International Development Research and Organization Companies.
BHP delivers first crystals from Kwinana nickel sulphate plant
BHP has produced the first nickel sulphate crystals from its nickel sulphate plant in Kwinana, south of Perth in Western Australia. The plant will produce 100,000 tonnes of nickel sulphate per year when fully operational.
“BHP’s nickel sulphate plant is the first of its kind in Australia, and will produce enough premium nickel sulphate to make 700,000 electric vehicle batteries each year,” said BHP Nickel West Asset President, Jessica Farrell. “Our investment to upgrade the refinery to produce high purity nickel sulphate, along with nickel powder and briquettes, will enhance Nickel West’s position as a supplier of choice for the growing global electric battery market.” Demand for nickel in batteries is expected to increase by 500 percent in the next decade. Over half of the plant was fabricated in Western Australia using local skills and suppliers. This included the steel work, fibreglass leach vessels and stainless steel tanks. The plant consists of leaching tanks, purification technology, a crystalliser and dryer and an automated packaging system. Nickel from BHP’s mines is processed at the Kalgoorlie nickel smelter.
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