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Category: Exploration

India to Launch Geological Mapping and Mineral Exploration in Zambia 1 Mining in Zambia Exploration New Mining Projects 

India to Launch Geological Mapping and Mineral Exploration in Zambia

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
Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia 2 Mining in Zambia Battery Metals Exploration Lithium New Mining Projects 

Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia

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
CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy 3 Mining in Zambia Exploration Oil & Gas 

CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy

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
Peru Authorizes Barrick Gold for Southern Border Mining Exploration 4 International Exploration Gold 

Peru Authorizes Barrick Gold for Southern Border Mining Exploration

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
Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project 5 Uranium Exploration 

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

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
Xtract Resources Expands Copper Exploration Joint Venture in Zambia 6 Mining in Zambia Copper Exploration New Mining Projects 

Xtract Resources Expands Copper Exploration Joint Venture in Zambia

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
AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania 7 International Exploration Gold 

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

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
BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt 8 Copper Exploration Mining in Zambia New Mining Projects Press Release 

BeMetals Discovers Extensive Copper Mineralization in Zambian Copperbelt

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
Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica 9 International Exploration Gold 

Barrick Announces Extensive Exploration Partnership with Geophysx Jamaica

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is pleased to announce that its subsidiary Barrick Gold (International Holdings) Ltd. (“Barrick”) has entered into an exploration earn-in agreement with Geophysx Jamaica Ltd. (“Geophysx”) with respect to certain properties located in Jamaica (the “Agreement”). The Agreement initially provides Barrick with access to approximately 4,000 square kilometers of consolidated land positions throughout the country, with a favorable geological setting comparable to the Dominican Republic, where Barrick operates the Pueblo Viejo mine. Barrick will have the right to work with Geophysx to earn up to an 80%… Read More Here
Shanta Gold Reports Encouraging Exploration Results at West Kenya Project 10 International Exploration Gold 

Shanta Gold Reports Encouraging Exploration Results at West Kenya Project

Constance
Shanta Gold, a mining company, has unveiled promising findings from its latest exploration activities at the West Kenya project in Kenya. The company’s successful drilling efforts have led to the conversion of resources from the inferred to indicated category, indicating significant commercial potential. During the exploration period spanning from Q4 2023 to Q1 2024, Shanta Gold drilled a total of 2,911 meters across 24 holes at the Ramula deposit. This focused drilling campaign is expected to culminate in a mineral resource estimate by Q2 2024, demonstrating the project’s progress towards… Read More Here

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