Velocity gains another Bulgaria gold option

MINEX Forum | June 13, 2019
img0 Canadian exploration and development company Velocity Minerals has signed an option agreement with Bulgaria’s Gorubso Kardzhali to acquire 70% of the 388-hectare Momchil property in southeast Bulgaria, which includes the Obichnik gold project. Under terms of the agreement, Velocity needs to deliver a NI 43-101 resource estimate to earn its stake. Velocity said the deposit ...

Alba Mineral Resources Plc raises funds for mine exploration programmes in Greenland and Ireland

MINEX Forum | June 6, 2019
img0 The injection of capital will support work programmes across three mining projects – in Greenland, Wales and Ireland respectively. Alba Mineral Resources plc. has raised £500,000 of new capital to support the maiden drill programme at the Amitsoq graphite project in Greenland. Funds will also be directed to ongoing operations at the Clogau gold project ...

Rio Tinto drafting documentation for lithium borate mining project in Serbia

MINEX Forum | April 8, 2019
img0 Anglo-Australian mining group Rio Tinto is drafting the project documentation for the construction of the Jadar lithium borate mine in Serbia, said the company’s country head for Serbia, Marnie Finlayson. Finlayson discussed the development of the project at a meeting with Serbia’s infrastructure minister Zorana Mihajlovic, the infrastructure ministry said in a press release. “Jadar is a ...

Euro Sun Files Technical Report on Initial Phase of Development at the Romania Rovina Valley Gold-Copper Project

MINEX Forum | April 8, 2019
img0 Euro Sun Mining Inc. announced it has filed the National Instrument 43-101 compliant Technical Report for the Preliminary Economic Assessment (“PEA”) for the exploitation of the COLNIC open pit; the initial phase of development of its Rovina Valley Project. The technical report also includes an updated Resource Estimate for the Rovina Valley Project utilizing updated cost ...

Smart Exploration Trials Advanced Seismic Surveying in Greece, Kosovo

MINEX Forum | March 14, 2019
img0 David McHutchon, MINEX Forum, 12 March 2019 On 5 March 2019, MINEX Forum caught up with Alireza Malehmir, Project Coordinator for the Smart Exploration project, which is seeking to develop ‘cost-effective, environmentally-friendly tools and methods for geophysical exploration’. Alireza Malehmir is a Professor of Applied Geophysics at Uppsala University, Sweden, and is currently conducting research ...

Adriatic Metals wins Urban planning Permit to explore expanded concession areas in Bosnia & Herzegovina

MINEX Forum | February 8, 2019
img0 Adriatic Metals secured the long-awaited Urban Planning Permit from Zenica-Doboj Canton with respect to expanded concession in highly prospective new areas in Bosnia & Herzegovina. The news sent the stock price to trade in the green zone with an intra-day price change of +1.935% on 6 February 2019. In the announcement to Australian Securities Exchange, ...

First contours of the Čukar Peki deposit exploration adit emerging, Serbia

MINEX Forum | December 19, 2018
img0 After seven months of the Čukar Peki exploration adit development, the first mining infrastructure elements of the future copper mine are visible. This mine is operated by the company Rakita, the daughter company of the Canadian company, Nevsun. The development of an entry/exit adit was started. The adit should be some 2,600 meters long and ...

Medgold hunts for gold in Serbia with Fortuna Silver

MINEX Forum | November 27, 2018
img0 Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding. Fortuna extended the 2,400-metre program based on early results, including 13.4 metres from 42 metres downhole grading 5.06 grams gold, 109 grams ...