vssmnn Posted June 15, 2010 Author Report Share Posted June 15, 2010 African Metals trenches 31 m of 4.1% Cu at Luisha SouthTicker Symbol: C:AFR African Metals trenches 31 m of 4.1% Cu at Luisha South African Metals Corp (C:AFR) Shares Issued 79,308,537Last Close 6/14/2010 $0.255Tuesday June 15 2010 - News Release Link to comment Share on other sites More sharing options...
vssmnn Posted June 15, 2010 Author Report Share Posted June 15, 2010 Standard & Poor's Announces Changes In S&P/TSX Canadian Indices http://www.digitaljournal.com/pr/54562 S&P/TSX GLOBAL GOLD INDEX - JUNE 2010 - QUARTERLY REVIEW ADDITIONS --------- Issue Name Symbol Exchange Anatolia Minerals Development Limited ANO TSX Andean Resources Ltd. AND TSX Banro Corporation BAA TSX Fronteer Gold Inc. FRG TSX OceanaGold Corporation OGC TSX Premier Gold Mines Limited PG TSX Ventana Gold Corp. VEN TSX DELETIONS --------- Issue Name Symbol Exchange Extorre Gold Mines Limited XG TSX S&P/TSX GLOBAL MINING INDEX - JUNE 2010 - QUARTERLY REVIEW ADDITIONS --------- Issue Name Symbol Exchange Andean Resources Ltd. AND TSX Banro Corporation BAA TSX Century Aluminum Company CENX NASDAQ Dundee Precious Metals Inc. DPM TSX Harry Winston Diamond Corporation HW TSX Hecla Mining Company HL NYSE Imperial Metals Corporation III TSX International Coal Group, Inc. ICO NYSE OceanaGold Corporation OGC TSX Premier Gold Mines Limited PG TSX Ventana Gold Corp. VEN Link to comment Share on other sites More sharing options...
vssmnn Posted June 16, 2010 Author Report Share Posted June 16, 2010 Banro ships gold plant from Australia and signs milestone agreements with Luhwindja Community and the artisanal miners at Twangiza http://www.stockhouse.com/financialTools/s...;newsid=7775739 Link to comment Share on other sites More sharing options...
vssmnn Posted June 17, 2010 Author Report Share Posted June 17, 2010 Gilla Receives the Certificates Evidencing Its Exclusive Rights on 4 Gold Exploration Licences (PR) in the Democratic Republic of Congo Gilla Inc. /quotes/comstock/11k!glla (GLLA 0.04, -0.03, -41.67%) (the "Company") is pleased to announce that following the applications made by it's 100% owned Congolese subsidiary, GISOR SPRL, ("GISOR") on 999 "carres miniers", consisting of 4 gold properties located in the Democratic Republic of Congo (DRC), the Certificates (Certificats de Recherches) evidencing the grant of the permits have been delivered to GISOR on June 9, 2010 by the Cadastre Minier (CAMI). On March 10, 2010, GISOR was granted an "Avis Favorable" on each application as disclosed in Gilla's May 3, 2010 news release. The Certificates entitle GISOR to conduct exploration for gold and diamonds on the granted Exploration Licences (Permis de Recherches "PR") on an area covering a total of approximately 849 square kilometres (84,900 Hectares / 328 Square Miles). The Certificates expire on April 14, 2014 but can be renewed two additional times for two years each time. Gilla plans to proceed with the creation of the rehabilitation plan called "P.A.R" (Plan d'Attenuation et de Rehabilitation) for each Permit to be provided to the Environmental Department of the CAMI no later than six months after the delivery date of the Certificates in accordance with DRC Mining Law. GILLA also plans to produce NI43-101 reports and obtain first works recommendations for the permits. "We have been able to position the Company in areas that host substantial upside potential while spending very little compared with other players. Our deep knowledge of the DRC and extensive contacts in the region have enabled us to make a first big step in one of the countries with the richest mineral deposits in the world," said Georges Benarroch, President of Gilla Inc. Link to comment Share on other sites More sharing options...
vssmnn Posted June 19, 2010 Author Report Share Posted June 19, 2010 African Metals to acquire another 33 per cent of Luisha Thursday June 17 2010 - News Release AFRICAN METALS CORPORATION ENTERS INTO A LETTER OF INTENT TO PURCHASE UP TO A FURTHER 33% INTEREST IN THE LUISHA PROJECT. African Metals Corp. has entered into a letter of intent (LOI) with TSM Enterprise sprl to acquire up to a further 33-per-cent interest in Luisha Mining Enterprise sprl (LME) and the Luisha project located in the Democratic Republic of Congo (DRC). The company completed its acquisition of its wholly owned subsidiary Chevalier Resources Inc. in March, 2010, thereby obtaining a 57-per-cent interest in LME and the Luisha project owned by Chevalier. Initially, the Company through Chevalier will purchase an additional 18% interest in LME and the Luisha Project in consideration for the issuance of common shares in the capital of the Company ("Shares") having an aggregate value of $1,500,000 to TSM. The number of Shares to be issued will be calculated using the volume weighted average price of the Shares on the two trading days immediately before and the two trading days immediately after the date of this announcement. Upon completion of this initial share purchase, the Company, through Chevalier, will have a 75% interest in LME and the Luisha Project. This transaction is subject to the approval of the TSX Venture Exchange. Upon completion of the initial share purchase, Mr. Simeon Tshisingama, as nominee of TSM, will become a director of the Company and of LME. The LOI also provides that the Company shall have the exclusive option (the "Option") to acquire an additional 15% interest in LME and the Luisha Project. The Option is exercisable upon the date it is announced by the Company that the Luisha Project has a defined Indicated Mineral Resource of 50,000 tonnes of contained copper metal and 5,000 tonnes of contained cobalt metal. The Company may exercise its Option and acquire the additional 15% interest in LME and the Luisha Project in consideration for the issuance of Shares having an aggregate value of $1,000,000 at the time the Option is exercised and by making a cash payment of $200,000 to TSM. The exercise by the Company of the Option will be subject to the approval of the TSX Venture Exchange. If the Option is exercised, the Company, through Chevalier, will have a 90% interest in LME and the Luisha Project. In conjunction with the exercise of Option, the Company will undertake to make milestone payments to TSM as follows: (i) upon a defined Indicated Mineral Resource of 100,000 tonnes of contained copper metals and 10,000 tonnes of contained cobalt metal on the Luisha Project, the Company will issue Shares having an aggregate value of $2,000,000 and make a cash payment of $500,000; (ii) upon a defined Indicated Mineral Resource of 150,000 tonnes of contained copper metals and 15,000 tonnes of contained cobalt metal on the Luisha Project, the Company will issue Shares having an aggregate value of $1,000,000 and make a cash payment of $250,000; and (iii) upon a defined Indicated Mineral Resource of 200,000 tonnes of contained copper metals and 20,000 tonnes of contained cobalt metal on the Luisha Project, the Company will issue Shares having an aggregate value of $1,000,000 and make a cash payment of $250,000. Apart from regulatory approval, these transactions will also be subject to certain conditions including the execution of a definitive agreement to replace the LOI. Nigel Ferguson, President and CEO of the Company commented "We are very pleased to have secured the extra equity percentage in this exciting project. Recent results from the project have indicated excellent copper and cobalt grades exist within the project's historical open pit at Luisha South. The extra equity will afford shareholders significant additional exposure to the upside potential of the project. In addition we have secured the services of our joint venture partner, Mr. Simeon Tshisangama, whose wealth of operational experience and contact base in the Democratic Republic of Congo will be invaluable to the success of the Company in delineating significant resources and bringing those resources to fruition." The Luisha Project is located 75 kilometres northwest of Lubumbashi, the capital of Katanga Province and consists of approximately 16.2km². It includes a small historical open pit mine and associated waste rock pile and is underlain by Roan Group sediments which host major Cu-Co deposits in the Central African Copper Belt of Zambia and the DRC. The Luisha South ore body was explored by geophysical methods, drilling and some shafts and tunnels between 1923 and 1928 and an oxide deposit with an estimated pre-production tonnage of approximately 350,000 tonnes at 8.6% Cu was delineated (refer NI43-101 compliant Technical Report on the Luisha Copper-Cobalt Project by Strathcona Mineral Services Limited) The Luisha Project also covers some three kilometres of the Roan Group strike length which is favorable for hosting Cu-Co mineralization. Link to comment Share on other sites More sharing options...
vssmnn Posted June 20, 2010 Author Report Share Posted June 20, 2010 Mazorro Resources Announces Closing of Amended Acquisition Agreement for Exploration Permits in the Eastern Democratic Republic of Congo http://www.marketwatch.com/story/mazorro-r...nk=MW_news_stmp Link to comment Share on other sites More sharing options...
vssmnn Posted June 20, 2010 Author Report Share Posted June 20, 2010 Banro gold plant on its way http://www.miningweekly.com/article/banro-...-way-2010-06-16 TORONTO (miningweekly.com) – Amex- and TSX-listed Banro Corp expects the reconditioned gold processing plant bought last year for its Twangiza gold project, in the Democratic Republic of Congo, to arrive at the port of Mombasa in Kenya next month. The plant, which will be reassembled on site, has been shipped from Australia, and will then be transported by truck in 140 forty-foot containers to the Twangiza site, the company said on Wednesday. Assembly will begin once civil construction for the plant has been completed, and an additional set of containers, holding newly engineered components for the process plant, will be shipped to the site from South Africa. Banro said it remains on schedule to finish the construction of the first phase of the Twangiza gold mine in the fourth quarter of 2011. Annual production from the phase-one plant at Twangiza is expected to be between 80 000 oz and 110 000 oz a year, at a total operating cost of less than $400/oz, Banro said in August last year. Link to comment Share on other sites More sharing options...
vssmnn Posted June 23, 2010 Author Report Share Posted June 23, 2010 African Metals explores the highly mineralised Katanga Copper Belt Link to comment Share on other sites More sharing options...
vssmnn Posted June 23, 2010 Author Report Share Posted June 23, 2010 Greenock Resources: PTM Minerals Kakanda Copper Cobalt Project Update http://www.marketwatch.com/story/greenock-...nk=MW_news_stmp Link to comment Share on other sites More sharing options...
vssmnn Posted June 24, 2010 Author Report Share Posted June 24, 2010 Banro identifies new gold mineralization zones at its Namoya project TORONTO, June 24, 2010 /PRNewswire via COMTEX News Network/ -- Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to report that surface exploration work has identified two new gold mineralization zones at the Namoya Summit prospect at the Company's wholly-owned Namoya project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC"). The on-going exploration work at the Namoya Summit prospect includes geological mapping, channel sampling of exposures and trenching. The goal of the current exploration program is to delineate additional, near-surface resources that are within economic hauling distances of the proposed Namoya mine. Highlights - The two new gold mineralization zones are located to the southwest and northwest of the Namoya Summit deposit. Exploration work has so far covered a strike length of 250 metres at the southwest zone and 200 metres at the northwest zone. - Trench sampling results from the southwest mineralization include 4 metres grading 2.73 g/t Au, 10 metres at 8.24 g/t Au and 3 metres at 5.29 g/t Au. - Channel sampling results of the southwest mineralization include 17 metres grading 6.90 g/t Au, 9 metres at 5.69 g/t Au, 6 metres at 6.57 g/t Au, 8 metres at 3.90 g/t Au, 8 metres at 4.21 g/t Au and 8 metres at 2.89 g/t Au. - Trench sampling results of the northwest mineralization include 5 metres at 3.11 g/t Au, 12 metres at 5.12 g/t Au and 6 metres at 8.93 g/t Au. Link to comment Share on other sites More sharing options...
vssmnn Posted June 24, 2010 Author Report Share Posted June 24, 2010 Litigation in the DRC Dismissed; El Nino Files $850,000 Counter Action Against Georges Kavvadias and GCP Group Ltd. for Breach of Agreement VANCOUVER, Jun 24, 2010 (PR Newswire Europe via COMTEX News Network) -- TSX.V: ELN FSE: E7Q El Nino Ventures Inc. ("ELN", "El Nino" or the "Company") (TSX.V: ELN; FSE: E7Q) announced today that it has received notice that the previously announced claims commenced in the Democratic Republic of the Congo, (DRC) were dismissed by the Tribunal of Commerce of Lubumbashi. El Nino successfully argued that the jurisdiction for hearing the claims is in British Columbia and not the DRC. As well, the orders for garnishment of the Company's shares in its joint venture Company, Infinity Resources SPRL, have been removed and remain registered in the Company's name contrary to the representations of Georges Kavvadias and GCP Group Ltd. The Company continues to take the position that the actions of its previous Country Manager, Georges Kavvadias are both spurious and without merit. El Nino has also served Mr. Kavvadias and GCP Group Ltd. a Notice of Dispute and petitioned the Supreme Court of British Columbia in response to two alleged defaults of the Joint Venture Agreement. The Company has stated in its Notice of Dispute and is prepared to prove that: - The amounts claimed are not due and owing and that Mr. Kavvadias and GCP Group Ltd., despite repeated requests are unable to provide an accounting of the funds entrusted with him for the advancement of exploration works in the DRC. - GCP Group Ltd. is in breach of the Representations and Warranty contained in the Agreements. - A claim of USD $850,349, for the right to set-off, as against any sums which may be due and owing to Georges Kavvadias and GCP Group Ltd., as well as unspecified damages for breach of the agreements by Georges Kavvadias and GCP Group Ltd. and for further damages for fraud and fraudulent misrepresentation by Georges Kavvadias and GCP Group Ltd. In addition to the above, the Company is claiming that Georges Kavvadias breached the Joint Venture Agreement, in addition to the breach of warranty, by purloining funds provided to him, by denying the Company access to financial information and the Company's leased premises, equipment and property in the DRC and refusing to follow the budgetary decisions of El Nino. It is important for the Company to obtain a resolution of the disputes and to determine the above quickly, so that the Management can begin addressing its obligations and renewing its efforts to advance the Company's exploration projects in the DRC. Following receipt from GCP Group Ltd. of the Notices of Default relating to the Joint Venture Agreement, El Nino has invoked the arbitration clauses contained in the agreements. Whereas in the past, GCP Group Ltd. has commenced litigation both in British Columbia which has been resolved and in the DRC which has been dismissed, with respect to past disputes, the Company's purpose for invoking the arbitration clause is to obtain a quick resolution of the current disputes. Link to comment Share on other sites More sharing options...
vssmnn Posted June 26, 2010 Author Report Share Posted June 26, 2010 91 min Katanga Video http://videos.arte.tv/de/videos/katanga-3283220.html Link to comment Share on other sites More sharing options...
vssmnn Posted June 29, 2010 Author Report Share Posted June 29, 2010 Mazorro Resources Announces Initial Sample Results and Exploration Plans for the Democratic Republic of Congo OTTAWA, ONTARIO, Jun 29, 2010 (MARKETWIRE via COMTEX News Network) -- Mazorro Resources Inc. ("Mazorro" or the "Company")(TSX VENTURE: MZO)(FRANKFURT: JAM) announces initial sample results and exploration plans on its two Democratic Republic of Congo exploration permits, PR7811 and PR8500. Random samples recently taken from permits PR7811 and PR8500 were submitted to ALS Chemex labs for 41 multi element assay tests (ME-MS41). Results for 10 grab rock samples include trace amounts of gold to a high of 6.4 grams per tonne (g/t) (ppm), with sample 7811-1 at 6.4 g/t, and sample 7811-2 at 3.1 g/t. Sample 7811-1 yielded an anomalous Antimony value of 1,345 ppm and sample 7811-3 yielded 243 ppm Zinc. The Company has also received results for 3 soil samples taken at PR8500 during a recent field visit by Wardell Armstrong International in connection with their preparation of the Company's recently filed National Instrument 43-101 Report (available at www.SEDAR.com under the Company's profile). Sample 8500-2 yielded 7.3 g/t gold and sample 8500-3 yielded 18.5 g/t gold by MS-multi elements ME 41 tests. The size of the samples tested makes the results semi-quantitative. The soil samples 8500-2 and 8500-3 were retested by ICP21 fire assay analysis and yielded ore grade assays of 7.25 g/t and 9.46 g/t gold, respectively. Results of 2 soil samples taken at PR7811 showed elevated ore grades of gold. Sample 7811-1 exceeded ME-MS41 gold test limits and was re-tested and confirmed by 2 independent fire assay tests with the Fire Assay Gradient 21 test yielding 108.5 g/t gold, and sample 7811-2 yielding 9.41 g/t in fire assay ICP21 analysis. These initial results warrant a detailed grid based sampling program be conducted to investigate these random sampling anomalies. Link to comment Share on other sites More sharing options...
vssmnn Posted June 30, 2010 Author Report Share Posted June 30, 2010 Pressure mounts on DRC over mine-rights controversy http://www.miningweekly.com/article/pressu...ersy-2010-06-30 Link to comment Share on other sites More sharing options...
vssmnn Posted June 30, 2010 Author Report Share Posted June 30, 2010 Interviews 30.06.10 Le Vif - George Forrest " Les attentes des Congolais sont énormes " http://www.congoforum.be/fr/interviewsdeta...rviews=selected Link to comment Share on other sites More sharing options...
vssmnn Posted June 30, 2010 Author Report Share Posted June 30, 2010 Loncor provides soil geohemical and channel sampling results from its Yindi Gold Prospect and prepares for core drilling http://www.stockhouse.com/financialTools/s...;newsid=7790867 Link to comment Share on other sites More sharing options...
vssmnn Posted July 1, 2010 Author Report Share Posted July 1, 2010 EnerGulf Lotshi Block Progress Report http://www.marketwatch.com/story/energulf-...nk=MW_news_stmp Link to comment Share on other sites More sharing options...
vssmnn Posted July 4, 2010 Author Report Share Posted July 4, 2010 Zuma nephew wins oil probe rights in DRC http://www.timeslive.co.za/africa/article5...e-rights-in-DRC Link to comment Share on other sites More sharing options...
vssmnn Posted July 8, 2010 Author Report Share Posted July 8, 2010 Tiger Resources starts building new DRC copper mine http://www.miningweekly.com/article/tiger-...mine-2010-07-08 8th July 2010 Updated 6 hours ago TEXT SIZE Text Smaller Disabled Text Bigger PERTH (miningweekly.com) – Emerging copper-miner Tiger Resources has started the development of its Kipoi mine, in the Democratic Republic of Congo, after its board approved the stage-one development. The ASX- and TSX-listed company said on Thursday that preproduction work has started, including road access improvements, installing communications, plant site earthworks and the purchasing of mine equipment. Based on the short construction and prestrip period, as well as the relatively simple nature of the proposed development and operation, Tiger Resources was planning to start production in the fourth quarter of this year, ramping up to full production in the first three months of 2011. The Kipoi project covers 55 km2 and contains a 12 km sequence of mineralised Roan sediments that host at least five known deposits. Tiger Resources has previously reported a Joint Ore Reserves Committee-standard resource at three of these deposits. The Kipoi Central deposit would be exploited during the stage-one development. During its three year life-of-mine, the stage-one development would deliver 900 000 t/y of ore, at 7% copper, for 35 000 t/y of copper. The ore would be processed through a dense-media separation plant. Tiger Resources owns a 60% stake in the Kipoi project, with the balance held by State-controlled mining company La Générale des Carrière et des Mines. Mine Development at Kipoi Project Commences - Tiger Resources Board approves commencement of Kipoi Central Stage 1 mine development - Site works at Kipoi are underway - The Minister of Mines for Katanga has publicly endorsed the start up of the development and confirmed the Government's support for the project PERTH, Western Australia, July 8 /CNW/ - Perth-based emerging copper miner Tiger Resources Ltd (ASX/TSX - TGS) ("Tiger" or the "Company") is pleased to announce the commencement of mine development at Kipoi Central following board approval to proceed with the Stage 1 Project. Pre-production works that have started include improving road access to the site, refurbishing accommodations, installing communications, purchasing mine services equipment, plant site earthworks and preparing storage facilities for the slimes, fines and floats produced from the Heavy Media Separation (HMS) plant. The Company is also recruiting key operational personnel. A contract with MCK Trucks SPRL for the mining works is expected to be executed before the end of July 2010, with mobilisation and commencement of mining works immediately thereafter. Contractual arrangements with DRA Mineral Projects (Pty) Ltd for the capital works at Kipoi Stage 1 including construction and installation of the HMS plant are also expected to be finalised in July 2010. Based on the short construction and pre-strip period, and the relatively simple nature of the proposed development and operation, the Company is targeting commencement of production late in the fourth quarter of 2010, ramping up to full production in the first quarter 2011. Recently the Provincial Minister of Mines, his Excellence Kitungwa Juvenal, visited the Kipoi Project site where he publicly confirmed the project had the support of both the National and Provincial Governments. He also stated that he looked forward to attending the official opening of the mine along with the National Minister of Mines and the Governor of Katanga. BACKGROUND The Kipoi Project covers an area of 55km(2) and is located 75km north-north-west of the city of Lubumbashi in the Katangan Province of the DRC. The Project contains a 12km sequence of mineralised Roan sediments that host at least five known deposits: Kipoi Central, Kipoi North, Kileba, Judeira and Kaminafitwe. The Company has reported JORC standard resources at three of the deposits. The principle deposit is Kipoi Central which contains a zone of high grade copper mineralisation within a much larger lower grade global resource. The Company proposes a staged development at the Kipoi Project. The high grade zone of mineralisation at Kipoi Central is proposed to be exploited during the Stage 1 development, which is intended to commence production at the end of 2010. During the three year life of Stage 1 a total of 900,000tpa of 7% Cu is planned to be processed through a Heavy Media Separation plant to produce the equivalent of 35,000tpa of Copper. Company website: www.tigerresources.com.au. Link to comment Share on other sites More sharing options...
vssmnn Posted July 19, 2010 Author Report Share Posted July 19, 2010 Fertile future for phosphate and potash http://www.theaustralian.com.au/business/f...x-1225884964068 One company flying well under the radar has been Elemental Minerals (ELM), which owns the Sintoukola potash project in Republic of Congo, the country of 4.1 million which was the scene in the past week of two tragic accidents -- the death in a plane crash of the Australian mining executives and then a dreadful train smash (with the Brazzaville government now blaming a drunk train driver). Sintoukola's potash was first known in the 1960s when a company drilling for oil found the mineral. ELM is targeting up to 300 million tonnes of the high-grade sylvinite mineralisation but four of the planned 16 holes will be drilled deeper to assess whether beneath the main target there are economic quantities of carnallite, which a is less valuable potash source but would add to the appeal of the mine project. The camp will be completed this week and two rigs will be moved in to start work. ELM sees Brazil across the Atlantic as its potential market. Desktop modelling has the company initially producing 600,000 tonnes a year, moving to 1.2mtpa. But with a market capitalisation of $46 million it is still a minnow by industry standards. Compare that with Calgary-based Agrium, which produces phosphate and nitrogen as well as potash and which is capitalised at $C8bn ($8.8bn). On the other side of Africa, South Boulder Mines (STB) has begun diamond drilling at its "potentially world class" (their words) Colluli project in Eritrea, a country with a history of potash mining from Italian colonial times. A Canadian company is also drilling in the same basin and has reported grades of up to 34. 8 per cent. Link to comment Share on other sites More sharing options...
vssmnn Posted July 22, 2010 Author Report Share Posted July 22, 2010 Letter: DRC Mining Minister responds http://fullcomment.nationalpost.com/2010/0...ister-responds/ Randgold Resources says DRC Kibali gold project ahead of schedule http://www.platts.com/RSSFeedDetailedNews....als/8928339.xml Link to comment Share on other sites More sharing options...
vssmnn Posted July 26, 2010 Author Report Share Posted July 26, 2010 Elemental Minerals Ltd starts drilling on the Sintoukola Potash Project in the Republic of Congo HIGHLIGHTS: • Exploration camp completed to accommodate seventy personnel • Field preparation complete • Two drill rigs and associated equipment on site • Sixteen exploration holes planned to target between 170 million tonnes and 300 million tonnes of Sylvinite at between 23.1% and 23.5% K2O • First exploration hole EK-01 started twinning historical drill hole K18 • Also targeting underlying Carnalite beds, giving significant potential upside. • Fully staffed up with experienced exploration crew on site http://stocknessmonster.com/news-item?S=EL...SX&N=498757 Link to comment Share on other sites More sharing options...
vssmnn Posted July 26, 2010 Author Report Share Posted July 26, 2010 Banro announces the arrival of its refurbished gold plant at Twangiza and provides construction update TORONTO, July 26, 2010 /PRNewswire via COMTEX News Network/ -- Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce that the reconditioned gold processing plant, which the Company acquired in Australia for re-assembly at its wholly-owned Twangiza gold project in South Kivu Province of the Democratic Republic of the Congo (the "DRC"), has begun arriving at the Twangiza site. The entire plant, which is being transported by truck from Mombasa, Kenya in 140 - 40 foot containers, including the break bulk items, is scheduled to arrive on site over the next ten weeks. The arrival on July 21, 2010 of the first fleet of trucks was greeted in Bukavu, DRC, the capital of South Kivu province, with a public ceremony hosted by the Governor and the Deputy Governor of South Kivu Province with the participation of the chiefs of the chefferies overlapping the Twangiza property and several other dignitaries. In his speech, the Governor of South Kivu promised his Government's full support to Banro for the building of the Twangiza gold mine. The Company is also pleased to announce that construction of the Twangiza mine is proceeding on schedule, with phase one earthworks having been completed on June 28, 2010. Civil works at the plant site are well advanced, with assembly of the reconditioned gold plant to begin in October this year. The final civil work is scheduled for completion in June 2011. The Company remains on schedule to complete construction of the Twangiza "Phase I" gold mine in the fourth quarter of 2011. Link to comment Share on other sites More sharing options...
vssmnn Posted July 27, 2010 Author Report Share Posted July 27, 2010 Huge DRC mine set to open near Uganda http://www.newvision.co.ug/D/8/220/726922 Link to comment Share on other sites More sharing options...
vssmnn Posted July 28, 2010 Author Report Share Posted July 28, 2010 Updated gold resource estimate at Zani-Kodo 28 July 2010 Mwana Africa PLC ("Mwana" or the "Company") is pleased to announce an updated JORC compliant resource estimate for the Zani-Kodo gold project in the Ituri Region of north eastern DRC, in which Mwana has an 80% interest. Summary * JORC compliant gold resource of 1.25 million ounces at 1g/t cut-off, a 98% increase since February 2010 o Indicated gold resource of 260,000 ounces, 18% increase since February 2010 o Inferred gold resource of 1,000,000 ounces, 140% increase since February 2010 o Overall resource grade increased from 2.8g/t to 3.5 g/t * Resource remains open at depth and along strike * Current drilling targeting new Kodo South discovery and prospects along the Zani-Kodo trend in addition to infill drilling * AMEC Minproc engaged to conduct Preliminary Scoping Study http://www.mwanaafrica.com/ir/press/2010/press_28jul10.asp Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.