Tag Archives: Zara Mining Share Company

Zara Gold Mine Starts Commercial Production

Zara Gold Mine eritrea
Eritrea’s second modern commercial gold mine going operational

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 China worth millions of dollars. Continue reading Zara Gold Mine Starts Commercial Production

Chalice Hits High Grade 39.25g/t Gold in Eritrea

Further High Grade Gold Hits will enhance the Zara Project

By 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 been received for a further two holes that were drilled to the south of previous drilling with both holes returning high-grade intersections, including: Continue reading Chalice Hits High Grade 39.25g/t Gold in Eritrea