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Avocet granted Tri-K exploitation permit

Avocet Mining subsidiary company, Wega Mining Guinea, has been granted an exploitation permit, or mining licence, for its Tri-K project in north east Guinea. The award of the exploitation permit follows Wega Mining Guinea’s permit application to the Guinea government in September 2013, based on technical information contained in a Feasibility Study for the heap […]

Mining Roundup

Ariana Resources’ (LON:AAU) shares were up in late trading after reporting excellent results from an independent scoping-level assessment of the Salinbas joint venture project in Turkey. Highlights – Scoping-study based on an approximately 650,000 ounce Indicated and Inferred JORC gold resource, with an average grade of 2.0 g/t Au and 10.2 g/t Ag. – Results […]

Kalimantan Gold schedules AGM

Kalimantan Gold Corporation will hold its annual general meeting at the offices of the company’s counsel at Suite 3350, 1055 Dunsmuir Street, Vancouver, BC, on 30 April at 9 a.m. At 9:09am: (LON:KLG) Kalimantan Gold Corporation Ltd share price was +0.01p at 1.18p Story provided by StockMarketWire.com

Ariana sees excellent results from Salinbas study

Ariana Resources reports excellent results from an independent scoping-level assessment of the Salinbas joint venture project in Turkey. Highlights – Scoping-study based on an approximately 650,000 ounce Indicated and Inferred JORC gold resource, with an average grade of 2.0 g/t Au and 10.2 g/t Ag. – Results show potential for strong financial returns, with NPV […]

Mining Sector: Botswana Diamonds falls after raising £282,500

Botswana Diamonds (LON:BOD) was the sector’s biggest faller after conditionally raising £282,500 through the issue of 28,250,000 new ordinary shares at 1p each, a 27.5% discount on yesterday’s closing mid-price. The funds will be used to fund the company’s exploration projects in Botswana as well as for its working capital requirements. * * * Altona […]

Shanta Gold enters new loan facilities

Shanta Gold Limited has, through its operating subsidiary, Shanta Mining Company Limited, completed formal documentation and signed loan facilities with Investec Bank Limited, acting through its Corporate and Investment Banking Division (“Investec”) on the terms outlined in the announcement dated 16 December 2014. The loan facilities are still subject to normal regulatory approvals from the […]

Mining Roundup

Goldplat (LON:GDP), the AIM listed gold producer, was one of the sector’s biggest fallers despite narrowing first half losses and confidence that changes it has made has returned it to profitable trading. Goldplat reported a loss before tax of £377,000 for the six months ended 31 December 2014 (2013: loss £912,000). At the operating level […]

RRS increases attributable ore reserves

Randgold Resources increased its total attributable ore reserves in 2014 despite significant depletion from mining in a year that delivered record production of 1.15 million ounces. The company’s annual resource and reserve declaration, published today as part of its annual report for 2014, shows attributable reserves up by 0.8% to 15.2 million ounces while resources […]

SolGold updates on Cascabel Exploration

SolGold provides the following exploration update for its Cascabel copper-gold porphyry project in Ecuador. Highlights: Ø Assay results received from drill hole CSD-15-010 (“Hole 10″) confirm high grade copper and gold mineralisation extends to the northwest, returning 156m @ 0.63 % Cu, and 0.74 g/t Au from 684m depth and remains open at depth. Ø […]

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2 April 1982: Argentinian forces invade the Falkland Islands


On this day in 1982 Argentinian forces landed on the Falkland Islands, sparking a bitter, ten-week war with Britain.