By TesfaNews, The Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%), have already sent its first gold pour to […]
Continue ReadingBy Asmara Mining Journal, The Koka gold deposit, located within the Zara Project area of northern Eritrea is being developed by he Zara Mining Share Company (ZMSC), a joint Venture between ENAMCO and the SFECO Group (SFECO), a subsidiary of Shanghai Construction Group Co. Ltd. SFECO purchased its 60% interest in the Zara Project from Chalice […]
Continue ReadingBy Chalice Gold, Chalice Gold Mines (ASX: CHN; TSX: CXN) and Zara Mining Share Company (Chalice 60%, ENAMCO 40%) are pleased to announce that new drilling results have confirmed extensions to the high-grade mineralisation at the emerging Koka South discovery, located immediately south of its flagship Koka Gold Deposit, part of the Zara Gold Project in northern Eritrea. Results have now […]
Continue Readingproactiveinvestors.com.au Chalice Gold Mines (ASX: CHN) has raised $9.6 million through a private share placement in order to fund further exploration and development of the company’s projects in Eritrea on the Horn of Africa. The company has placed 32 million shares at $0.30 and has received strong support from investors.
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