Stratex International, the AIM-quoted exploration and development company operating in Turkey, East Africa and West Africa, has confirmed extensive gold mineralisation on its recently completed initial 33 hole drill programme on the Black Water Zone within its 95 per cent owned Blackrock epithermal gold licence in the Afar region of Ethiopia. The results indicate potential for high grades at depth, with the best intersections including 0.25m at 15.97g per tonne gold and 0.9m at 4.93g per tonne gold.
Bellzone Mining has signed a life of mine offtake agreement with Glencore International for Bellzone's 50% share on the iron production from the Forecariah joint venture project in Guinea. In conjunction with the offtake contract, a pre-payment drawdown facility of $15m has been made available to Bellzone by Glencore. The facility is available to Bellzone once the company has shipped a minimum of 750,000 wet metric tonnes or five vessels.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year highThe average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
