Exploration - Copperbelt Katanga Mining

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

Mining in Zambia Copper Exploration New Mining Projects

Xtract Resources Expands Copper Exploration Joint Venture in Zambia

May 31, 2024May 31, 2024 Constance

London-listed Xtract Resources has announced an addendum to its joint venture (JV) agreement with consulting firm Cooperlemon Consultancy, significantly expanding their copper exploration efforts in Zambia. This expansion incorporates three additional large-scale exploration licenses in northwest Zambia into the existing JV framework. Previously, the JV focused on large-scale exploration licenses 29123-HQ_LEL and 30459-HQ-LEL, both situated in northwest Zambia. These licenses, along with the newly added ones, lie within the Western Foreland geological district, home to the Kamoa-Kakula deposit, and the central fold and thrust belt. Combined, the five licenses cover… Read More Here

International Exploration Gold

AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania

May 23, 2024May 23, 2024 Constance

Gold mining giant AngloGold Ashanti has entered into a $9 million, five-year farm-in agreement with ASX-listed junior company EcoGraf for the exploration of gold at the Golden Eagle project in Tanzania. Situated on the eastern margin of the Archean Lake Victoria goldfields, the Golden Eagle project is located within the same structural corridor as the historical Golden Pride mine, which was operated by Resolute Mining and produced 3.4 million ounces of gold. EcoGraf Managing Director Andrew Spinks commented that the agreement with AngloGold, the world’s fourth-largest gold miner, highlights the… Read More Here

Copper Exploration Mining in Zambia New Mining Projects Press Release

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

May 23, 2024May 24, 2024 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) has announced that three of four new core holes have intersected significant copper sulphide mineralization at the Pangeni Copper Project in Zambia (the “Project” or the “Property”). Today’s new analytical results support and enlarge the Company’s discovery of extensive zones of copper mineralization covering more than 1.7 kilometres of strike length under sand cover. Importantly, the copper mineralization bears many of the hallmarks in terms of style, width, grade, and geology to deposits that are mined in the Domes… Read More Here