BY MINING WEEKLY Private UK-based junior miner Andiamo Exploration is seeking to raise $2 million to undertake exploration at its licences, in Eritrea, and continue the development of its mines. Speaking at the Junior Mining Indaba, in Johannesburg, CEO Tim Williams on Thursday said the company, in which mineral exploration company Ortac Resources holds an […]
Continue ReadingBy Joshua Warner, ORTAC Resources Ltd Tuesday said it has received the final results from the completed trenching programme on its Yacob Dewar deposit in Eritrea, which has confirmed the presence of near surface high-grade gold and copper mineralisation. “The results have once again provided clear evidence that Yacob Dewar is showing encouraging signs of […]
Continue ReadingAndiamo holds the 252 sq. km Haykota exploration licence and located only 50 kilometres south west of the Bisha mine. It has several prospects for Volcanogenic Massive Sulphide (VMS) and copper-rich disseminated sulphide mineralisation, with near surface gold enrichment By Sam Unsted, ORTAC Resources Ltd Wednesday said exploration partner Andiamo Exploration has completed the surface […]
Continue ReadingBy Philip Whiterow, ORTAC Resources’ (LON:OTC) Eritrean associate Andiamo Exploreration Ltd. has confirmed near surface high-grade oxide copper and gold mineralisation at Yacob Dewar and identified a new gold and silver deposit nearby. Vassilios Carellas, Ortac’s chief executive, said the trenching and shallow drilling results from Ber Gebey, the new gold and silver find, were just […]
Continue ReadingOrtac and Andiamo teamed up to develop the Haykota licence into a mining licence by June 30, 2015 By Samuel Agini, ORTAC Resources Ltd Monday said strategic partner Andiamo Exploration Ltd has received the results of a rock chip sampling programme across its Ber Gebey prospect, which showed gold values of up to 23 grammes […]
Continue ReadingBy Tim Williams, Eritrea is underlain by the volcano-sedimentary rocks of the Arabian-Nubian shield, one of the world’s most unexplored but potentially productive mineral provinces. It has only a handful of deposits now in production or under development. The major styles of economic mineralisation include the volcanogenic massive sulphide (VMS) deposits; the geologically much younger […]
Continue ReadingThe tale of Eritrea’s first major miner, Nevsun, which has had mixed fortunes this year and gold explorer, Andiamo Exploration, whose chairman has been a long time believer in the country’s mineral potential. By Lawrence Williams, Two interesting presentations today at a Mining Journal Investor Seminar in London – one from an already operating, dividend-paying, […]
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