According to our sources, the second stage of the Hirgigo thermal power plant in Eritrea, which will increase output from 88 MW to 132 MW thanks to the Shanghai Corporation for Foreign Economic and Technological Cooperation (SCFETC), is expected to be completed early in the new year. SCFETC , which has orders worth $340 million on its books in Eritrea, has every interest in completing construction of the plant as quickly as possible, if only to supply power to its own gold mine at Zara which it bought in 2012 from Australia’s Chalice Gold Mines Ltd. Continue reading Hirgigo Power Plant to Supply Mines
By Greg Klein,
While continuing the Asmara feasibility study in Eritrea, Sunridge Gold TSXV:SGC announced on March 7 a new near-surface discovery at Kodadu, four kilometers east of Asmara’s Debarwa deposit.
With assays complete on 21 reverse-circulation holes, the company now plans an initial resource estimate for the potential deposit.
True widths for the two zones were estimated at about 70%. Some highlights from the gossan zone include: Continue reading Sunridge, Nevsun, Chalice Drill Eritrean Gold, Copper, Zinc and Silver