Tag Archives: ENAMCO

Eritrea to Pay its 30% Share on Bisha Mine from the Interest than Government Funds

Bisha Mine surpassed seven million man-hours with no major injuries or fatalities

Marketwire,

Nevsun Resources Ltd. (TSX:NSU / NYSE Amex: NSU) is pleased to announce that the Bisha mine in Eritrea continues to have strong operating performance since declaring commercial production in February this year. The Company also advises that Nevsun and the Eritrean National Mining Corporation (ENAMCO) have agreed to finalize the Bisha purchase price by June 30, 2011. Continue reading Eritrea to Pay its 30% Share on Bisha Mine from the Interest than Government Funds

Nevsun sees Bisha Reserves Doubling, Gold Production Sweetener

 More gold resources could generate extra cash flow for Nevsun in the short term while more base metals could add years to Bisha’s mine life.

More Gold Reserve, Record High Gold Prices, Sweet Revenues

mineweb.com

With heavy infill drilling underway or already completed, Nevsun Resources (TSX: NSU) expects its reserves at the Bisha mine to grow substantially in 2011 and a satellite deposit to kick in extra gold ounces to production, said Scott Trebilcock, Nevsun’s vice president of business development. 

Our objective is to double reserves,” he told Mineweb in a telephone interview. These, which Nevsun recently updated, stand at 28 million tonnes @ 1.78 g/t gold, 38.9 g/t silver, 1.6 percent copper and 3.15 percent zinc.   Continue reading Nevsun sees Bisha Reserves Doubling, Gold Production Sweetener

Chalice Advances Discussions on ENAMCO’s Acquisition of 30% of the Zara Project

Chalice, ENAMCO to agree

Chalice Gold Mines has shown progress in commercial discussions with ENAMCO on the terms and purchase price for the acquisition of ENAMCO’s 30% paid participating interest in the Zara Project.

The project permitting process, including negotiation of the Mining Agreement, is also proceeding as expected.    

  Continue reading Chalice Advances Discussions on ENAMCO’s Acquisition of 30% of the Zara Project