Tag Archives: exploration

New Corporate Presentation From Nevsun

 Nevsun Resources Corporate Presentation
Nevsun Resources new and updated corporate presentation

By Nevsun,

VANCOUVER based mining company Nevsun Resources Ltd. has updated their Corporate Presentation, providing additional focus on exploration potential at the Bisha Mine.

The Bisha mine is one of the highest grade open pit base metal deposits in the world. Continue reading New Corporate Presentation From Nevsun

Ortac Resources Reports Encouraging Trenching Results from Eritrea

Latest Yacob Dewar assay results will help Ortac Resorces to define the extent of copper and gold mineralisation

By Giles Gwinnett,

ORTAC Resources (LON:OTC) has unveiled encouraging results from trenching work at the Yacob Dewar deposit in Eritrea.

Exploration partner Andiamo carried out the work and the first batch of assays confirmed high grade, near surface, oxide copper mineralisation over a 400m strike length, Ortac said.

The strike is still open to the north and south.  Continue reading Ortac Resources Reports Encouraging Trenching Results from Eritrea

Nevsun Accelerates Production, Sales and Net Income in Second Quarter 2014

Nevsun sold 51.5 million pounds of copper concentrate in the Q2 2014, an increase by 51% in Production and sales

By Nevsun,

NEVSUN Resources Ltd. (TSX:NSU / NYSE MKT:NSU) (Nevsun or the Company) is pleased to report its financial and operating results for the three and six months ended June 30, 2014. Unless otherwise noted, with the exception of earnings per share and realized price and cost per pound figures, all financial results are in millions of US dollars.  Continue reading Nevsun Accelerates Production, Sales and Net Income in Second Quarter 2014

Eric Coffin’s Exclusive Interview with Michael Hopley

EDITOR’S NOTE: This is a must read interview for those who want to have an A – Z knowledge of Sunridge Gold Corp. and its Asmara mining project in Eritrea.

With a second operating mine currently under construction in Zara, Sunridge is poised to unveil the third operating world class mine on the largest deposit in the country – the Asmara Project – by the end of this year

By Eric Coffin,

I don’t need to tell you how rough the last two or three years have been for companies in the mining space. Only a handful managed to significantly advance their projects during that period. One such company is Sunridge Gold, which has brought its marquee Asmara Project to full Bankable Feasibility status. Sunridge recently negotiated the sale of a contributing 30% interest in Asmara to the Eritrean state mining company ENAMCO. I take this agreement as the “starting gun” in the race by potential suitors and financiers who want a piece of this long-life base metal asset with a precious metal kicker.  Continue reading Eric Coffin’s Exclusive Interview with Michael Hopley

Sunridge Gold Hits New 52-Week High as ENAMCO Deal Impresses

Sunridge Gold strongly focused on bringing the Asmara project into production by 2015

By Deborah Bacal,

Sunridge Gold Corp (CVE:SGC) (OTCQX:SGCNF) shares reached a new 52-week high on Friday, as the company rallied on the back of the rising gold price as well as news from earlier this month that will finally see the Eritrea National Mining Corp (ENAMCO) acquire a maximum 30% stake in the gold explorer’s Asmara project.

The news, released in early February, announced that ENAMCO formally agreed to acquire the maximum 30% stake following months of negotiations. The binding term sheet follows on from the initial agreement first announced in August 2012.  Continue reading Sunridge Gold Hits New 52-Week High as ENAMCO Deal Impresses

Nevsun Announces Commercial Production on Bisha Copper Expansion

Nevsun officially begins commercial production of Copper from its Bisha mine in Eritrea.

By Nevsun,

Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to announce that the Bisha Mine in Eritrea has reached commercial production for the copper expansion with the successful commissioning of its flotation plant. Continue reading Nevsun Announces Commercial Production on Bisha Copper Expansion