Friday, November 26, 2010 Lorry Hughes, CEO of South Boulder Mines, tells Proactive Investors that his main focus is to getting to potash production in Eritrea. South Boulder Mines is aiming to leapfrog the pack to become a major potash producer. The company has the world’s shallowest potash deposit.
Continue ReadingThe mining industry is apparently focusing hard on Eritrea again and Sunridge Gold is now positioned to be the next company to push towards production. Sunridge’s peer company, Nevsun Resources is currently building the first modern mine in Eritrea and is nearing completion of the Bisha gold-copper-zinc VMS project. The mine construction is on schedule […]
Continue ReadingSouth Boulder Mines Ltd – ASX Release, 22 November 2010 Drilling targeting extensions to high grade potash has re-commenced; Previously announced hole Col-004 intersected a total thickness of 21.46m of potash including the high grade interval of 3.44m of sylvinitite @ 44% KCl from 28.68m; Initial exploration target is to define 300-500mt of potash ores […]
Continue ReadingMatthew Hill – 26November 2010 Perth-based Chalice Gold, exploring for gold in Eritrea, listed on the TSX on Friday, and chairperson Tim Goyder predicted its Zara project would have a capital payback period of “slightly over two years” at a $1 200/oz gold price. According to a feasibility study, the Koka deposit at Zara would […]
Continue Reading