IAMGOLD Corporation on Tanzania Resource Update

IAMGOLD Corporation has recently published a report saying that an increase in the mineral resources at the Company’s Buckreef Project, located in the Lake Victoria Goldfields of northern Tanzania. Buckreef is an advanced exploration gold project containing 1 million ounces of gold in 16 million... Read more..

Helio Reports Drill Results from the Kenge Target, SMP Gold Project, Tanzania

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., can earn a 100% interest in five contiguous licences, which cover a 34km strike length of the Saza Shear Zone. The project covers the New Saza Gold Mine, which operated between 1939 – 1956, producing approximately 270,000 ounces of gold... Read more..

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IAMGOLD Options Merrex Gold’s Siribaya Gold Project in Mali and Confirms Equity Position in Merrex Gold

IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed... Read more..

Merrex Increases Ownership of Siribaya to 100% and Closes $12,000,000 Option and Private Placement With IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. “We are pleased to have increased our control of Siribaya to 100%... Read more..

IAMGOLD and Orezone Announce Business Combination

IAMGOLD Corporation and Orezone Resources Inc. jointly announced that they have entered into a definitive arrangement agreement whereby IAMGOLD would acquire, via a plan of arrangement, all of the outstanding common shares of Orezone in a supported, all-share transaction. Total consideration is valued... Read more..

Kalemela Gold Project Continues to Advance Based on Encouraging Soil Assays, Tanzania

Lake Victoria Mining Company, Inc. has received additional encouraging assay results from soil samples collected at the Kalemela gold project, about 125 kilometers east of Mwanza in northern Tanzania. Roger Newell stated that “these are the kind of gold-in-soil assays that encourage us to take... Read more..

Lakota Resources announces excellent results from the first hole of diamond drilling at Tembo, Tanzania

Ian F.T. Kennedy, President and CEO of Lakota Resources Inc. announce assay results from the first diamond drill-hole hole on its Tembo Property. A zone of multiple quartz veins within the host mafic volcanic rocks averaged 10.15 g/t Au over 3.50 metres from 38.50 – 42.00 metres down hole TEMDD001.... Read more..

Tag: lakota diamond mine, tanzania mining in tembo

Castillian Provides Update; Discovers Massive Sulphide Mineralization at Kagera, Tanzania

CASTILLIAN RESOURCES CORPORATION, provides the following update: Kagera Project, Tanzania Castillian announces that it has discovered massive sulphides, associated with gossans at its Kagera Project in Tanzania (Figure 1). The massive sulphide mineralization occurs at surface where it has been weathered... Read more..

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Merrex Reaches $12,000,000 Deal with IAMGOLD for Siribaya

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex and IAMGOLD Corporation have agreed on the commercial terms of an option for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. $12,000,000 Option and Private Placement The commercial terms of a $12,000,000... Read more..

Stellar Resources Signs Farm-In Agreement for Mineral Exploration in Tanzania

Stellar Resources, Ltd., a mineral property acquisition, exploration and development company, announced today it has signed a Definitive “Farm in Agreement” with Canafra Mineral Exploration Corp., headquartered in Vancouver, British Columbia, for a Joint Venture to explore and utilize its... Read more..

Tag: stellar resources, tanzania exploration, farm in exploration mineral, sign of alluvial gold in tanzania, private mineral exploration company africa