Exploration - Copperbelt Katanga Mining

Midnight Sun Mining Expands Copper Exploration Near Kansanshi Mine

September 21, 2024September 22, 2024 Constance

Canadian exploration company Midnight Sun Mining has launched a new exploration phase at the Kazhiba target on its Solwezi property in Zambia. This initiative is part of the company’s ongoing cooperative exploration agreement with First Quantum Minerals, aimed at identifying near-surface oxide copper resources to supply the nearby Kansanshi mine, located less than 10 km away. The exploration program involves 3,000 meters of reverse circulation drilling, partial ionic leach sampling, and an induced polarization survey, all designed to evaluate the high-grade oxide copper blanket at Kazhiba. Midnight Sun President and… Read More Here

Mining in Zambia Exploration Uranium

GoviEx to acquire 51% interest in Zambia exploration license

September 9, 2024September 9, 2024 Constance

TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here

Mining in Zambia Exploration

Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal

August 31, 2024August 31, 2024 Constance

Midnight Sun Mining Corp. (TSXV: MMA) saw its shares drop sharply late Thursday following the Zambian government’s rejection of its application to renew the exploration license for the Kazhiba target, part of its flagship Solwezi project. Kazhiba is one of three key targets within Midnight Sun’s 506 km² property in Zambia, which has already yielded significant copper discoveries. The area is underlain by a previously undiscovered basement dome similar to those found at First Quantum’s Kansanshi mine, a major copper producer in the region. These basement domes are believed to… Read More Here

Copper Exploration Mining in Zambia

Galileo Resources Begins Copper Exploration with Drill Program in Zambia

July 30, 2024July 30, 2024 Constance

London-listed Galileo Resources has engaged a Zambian contractor to commence a drill program of approximately 700 meters as part of the initial phase of exploration on licence 28001-HQ-LEL in Zambia, with rig mobilization scheduled for later this week. The licence is situated within the Western Foreland domain, an area potentially hosting Kamoa-Kakula-style copper deposits. The company states that the licence is strategically located along the strike of the Kamoa-Kakula mining complex in the Democratic Republic of Congo (DRC) and adjacent to a substantial exploration licence area acquired by Ivanhoe Mines… Read More Here

International Copper Exploration

CMR Secures High-Grade Silver/Copper Project in Morocco and Raises £750,000 for Exploration

July 26, 2024July 26, 2024 Constance

Critical Mineral Resources (CMR) has signed an exclusive option to acquire the Igli project, a high-grade silver/copper site in Morocco’s Anti-Atlas region, with reported grades up to 912 g/t silver and 2.97% copper. To support this acquisition and fund exploration, CMR has raised £750,000 through a convertible loan note (CLN) issue. A significant portion of this investment comes from the Swiss and UAE-based Prism Group, known for its long-term investment strategy. CMR’s nonexecutive chairperson, Dominic Traynor, will transition to executive chairperson to oversee the company’s strategic developments. The Igli project… Read More Here

Mining in Zambia Exploration New Mining Projects

India to Launch Geological Mapping and Mineral Exploration in Zambia

July 11, 2024July 11, 2024 Constance

India is planning to initiate geological mapping and mineral exploration in Zambia to secure critical resources and strengthen bilateral relations. Last month, a delegation from India’s Ministry of Mines met with Zambian officials to begin negotiations. “We have discussed cooperation in geological mapping and mineral exploration with the Zambian government and are confident of signing a pact soon,” a government official stated. India’s goal is to better understand Zambia’s resources, secure access to critical minerals, diversify its supply chain, boost domestic industries, and enhance bilateral ties, the official explained. In… Read More Here

Mining in Zambia Battery Metals Exploration Lithium New Mining Projects

Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia

July 8, 2024July 8, 2024 Constance

08th July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) has announced that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia. MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas. The licenses are valid for a period of four years during which period MCL plans to carry out… Read More Here

Mining in Zambia Exploration Oil & Gas

CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy

June 6, 2024June 6, 2024 Constance

The Centre for Trade Policy and Development (CTPD) has called on the Zambian government to urgently develop an Oil Exploration and Production (E&P) Policy to attract significant investment in the oil and gas sector. Since the enactment of the Petroleum (Exploration and Production) Act in 2008, Zambia has faced challenges in attracting substantial investment in oil and gas exploration. Despite the country’s potential, geological risks and a lack of funding commitments have hindered progress. Dr. Stephen Kambani, Associate Researcher for Extractives at CTPD, noted that Zambia has conducted three licensing… Read More Here

International Exploration Gold

Peru Authorizes Barrick Gold for Southern Border Mining Exploration

June 6, 2024June 6, 2024 Constance

Peru’s government has granted Barrick Gold permission to conduct mining explorations in the country’s southern border region, Prime Minister Gustavo Adrianzen announced on Wednesday. According to Peru’s constitution, foreign private investment within 50 km of the country’s border requires approval from the Cabinet of Ministers. “The expansion of our mining portfolio is essential, given that this activity drives the economic reactivation process,” Adrianzen stated during a press conference. Mining is a crucial component of Peru’s economy, accounting for 60% of the nation’s exports, primarily from the copper sector. The government… Read More Here

Uranium Exploration

Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project

June 6, 2024June 6, 2024 Constance

Snow Lake Resources has established a field camp at the Engo Valley Uranium Project, marking the start of its 2024 exploration program. The company recently entered into a binding letter of intent with Namibia Minerals and Investment Holding, a private British Columbia company, to acquire up to 85% of the project. Namibia Minerals and Investment Holding holds 100% of the rights, title, and interests in EPL-5887. Although the acquisition is still subject to customary closing conditions, Snow Lake has planned a multi-phase exploration program for 2024. Field crews began mobilizing… Read More Here