Polo Resources LSE (PRL) the London and Toronto listed natural resources investment and development company, announce today that they have widened their spectrum of investment interests that could now see Polo investing in production, processing and infrastructure support services associated with the market the board has a tremendous experience in, namely mining, oil and gas. Polo's track record to date would suggest them moving into some large scale investments in this sector and could probably mean the company would look towards taking stakes in smelters, mills, refineries, port or rail infrastructure and a variety of other support services such as drilling companies.
Co-Chairman of Polo, Neil Herbert said,
"The expansion of our investing policy is designed to enable Polo to deliver more diversified earning potential to shareholders from a broader spectrum of revenue generating businesses with exposure to the natural resources arena.
Using its extensive knowledge and experience in the natural resources sector the Board has identified significant growth potential across the support, production and infrastructure value chains within mining and oil and gas. Continued investment in commodity exploration, development and production by large multi-national and mid-tier companies continues to drive earnings, investment and development opportunities.”
Wednesday 28 December 2011
URU Metals. LSE: URU Positive Outlook Heading Into 2012
For immediate release
28 December 2011
URU Metals Limited
("URU" or the "Company")
Unaudited Condensed Consolidated Interim Financial Statements
For the six months ended 30 September 2011 available at www.urumetals.com
CHAIRMAN'S STATEMENT
I am delighted to present to our shareholders and stakeholders, the interim report and accounts of the Group for the six months ended 30 September 2011 (the "Period").
Whilst in the prior year the Group distributed shares in Kalahari Minerals, by way of a dividend in specie, this period, we have added to the underlying value of your Group by investing in projects with the potential to host world-class nickel and uranium deposits.
HIGLIGHTS
The highlights of our progress during the six months ended 30 September 2011, and to the date of this report, can be summarised as follows:
NIGER - URANIUM EXPLORATION
The drilling and exploration programme at our In Gall and Irhazer licensed areas continued into the start of the rainy season in June and then re-commenced on 18 November 2011. Whilst we look forward to receiving positive results from these operations, the Group continues to evaluate the security risks within that country and remains ever mindful of the safety of our employees and contractors whilst in the field.
SOUTHERN AFRICA - NICKEL EXPLORATION JOINT VENTURE
Last year the announcement of the Group's diversification into a nickel joint venture signalled our intention to diversify our exploration efforts into metals and minerals outside uranium. In January 2011 the joint venture announced the acquisition of a further target area of which we hope to shortly announce further positive results. To date, we have spent almost all the required funding to meet our obligations under the joint venture and look forward to these projects delivering further value to shareholders during 2012.
MANAGEMENT AND BOARD
As announced, the Group's Finance Director and Company Secretary Mr. Gordon Cassidy passed away suddenly on 14 September 2011. The Board was deeply saddened by the news, as Gordon had made a substantial contribution to the development of the Group almost from its inception and he will be missed by the URU Metals team. Mr. Russel Swarts who has been with the Group from June 2008 has been appointed as chief financial officer.
OUTLOOK
Since incorporation, the Company has sought to widen its strategy in the field of metals exploration and development and continues to seek to develop a diverse portfolio of exploration and development projects either organically or through acquisition.
The Company intends to advance its projects in Niger, particularly our In Gall and Irhazer projects, where the investment climate in uranium remains positive.
During the period the spot price of uranium continues to vacillate and is currently around the US$50/lb level.
The nickel joint venture is progressing well and we look forward to positive results from our metallurgical and geophysical testing.
At the reporting date, the Group had cash resources of US$ 5.251 million and no borrowings.
Whilst at the end of April 2011, the share price almost reached 16p, in line with the global pessimism it has decreased to trade around the 6.5p level.
We continue to believe that the fundamentals of the uranium and base minerals industries remain positive and the Board is satisfied with the progress made by the Group and remains confident about the opportunities for its future development.
28 December 2011
URU Metals Limited
("URU" or the "Company")
Unaudited Condensed Consolidated Interim Financial Statements
For the six months ended 30 September 2011 available at www.urumetals.com
CHAIRMAN'S STATEMENT
I am delighted to present to our shareholders and stakeholders, the interim report and accounts of the Group for the six months ended 30 September 2011 (the "Period").
Whilst in the prior year the Group distributed shares in Kalahari Minerals, by way of a dividend in specie, this period, we have added to the underlying value of your Group by investing in projects with the potential to host world-class nickel and uranium deposits.
HIGLIGHTS
The highlights of our progress during the six months ended 30 September 2011, and to the date of this report, can be summarised as follows:
NIGER - URANIUM EXPLORATION
The drilling and exploration programme at our In Gall and Irhazer licensed areas continued into the start of the rainy season in June and then re-commenced on 18 November 2011. Whilst we look forward to receiving positive results from these operations, the Group continues to evaluate the security risks within that country and remains ever mindful of the safety of our employees and contractors whilst in the field.
SOUTHERN AFRICA - NICKEL EXPLORATION JOINT VENTURE
Last year the announcement of the Group's diversification into a nickel joint venture signalled our intention to diversify our exploration efforts into metals and minerals outside uranium. In January 2011 the joint venture announced the acquisition of a further target area of which we hope to shortly announce further positive results. To date, we have spent almost all the required funding to meet our obligations under the joint venture and look forward to these projects delivering further value to shareholders during 2012.
MANAGEMENT AND BOARD
As announced, the Group's Finance Director and Company Secretary Mr. Gordon Cassidy passed away suddenly on 14 September 2011. The Board was deeply saddened by the news, as Gordon had made a substantial contribution to the development of the Group almost from its inception and he will be missed by the URU Metals team. Mr. Russel Swarts who has been with the Group from June 2008 has been appointed as chief financial officer.
OUTLOOK
Since incorporation, the Company has sought to widen its strategy in the field of metals exploration and development and continues to seek to develop a diverse portfolio of exploration and development projects either organically or through acquisition.
The Company intends to advance its projects in Niger, particularly our In Gall and Irhazer projects, where the investment climate in uranium remains positive.
During the period the spot price of uranium continues to vacillate and is currently around the US$50/lb level.
The nickel joint venture is progressing well and we look forward to positive results from our metallurgical and geophysical testing.
At the reporting date, the Group had cash resources of US$ 5.251 million and no borrowings.
Whilst at the end of April 2011, the share price almost reached 16p, in line with the global pessimism it has decreased to trade around the 6.5p level.
We continue to believe that the fundamentals of the uranium and base minerals industries remain positive and the Board is satisfied with the progress made by the Group and remains confident about the opportunities for its future development.
Tuesday 27 December 2011
Brazilian Gold Corp TSX:V BGC Set To Enter Mine Development Preparations in 2012
Brazilian Gold Corporation TSX:V. (BGC) the fast track developer of the large scale open pit low risk Sao Jorge gold project is set to move towards the mine development stage in 2012 and with a positive PEA and JORC compliant resource estimate already under its belt BGC has been significantly overlooked by institutional investors
Friday 23 December 2011
URU Metals, Bullish About Nickel in 2012
URU Metals, (URU: LSE) the London listed uranium and nickel play, who have a 45% stake in the potential world class SAN Nickel project in South Africa, are bullish about the nickel price going into 2012. Analysts are predicting a boost for the nickel price over the next three years, suggesting in 2012 the price will hover at $22,937 per tonne, rising to $23,380 in 2013 and reach upwards of $24,000 in 2014.
Delays in new supply from riskier laterite recovery methods plus a reduction in nickel stockpiles are adding to upward price pressures. The SAN Nickel JV with URU is currently undertaking both drilling and metallurgical test work in preparation for a PEA and potential listing of SAN in 2012
Delays in new supply from riskier laterite recovery methods plus a reduction in nickel stockpiles are adding to upward price pressures. The SAN Nickel JV with URU is currently undertaking both drilling and metallurgical test work in preparation for a PEA and potential listing of SAN in 2012
Wednesday 21 December 2011
BGC TSX:V Brazilian Gold Rapidly Advancing Sao Jorge
Brazilian Gold Intersects Gold Mineralization in 10 Holes Including 54 m Grading 1.24 g/t Gold at the São Jorge Project, Tapajós Region, Brazil
Release No. 25/11
Vancouver, BC, December 19, 2011
Brazilian Gold Corporation (TSXV: BGC) is pleased to report assay results for an additional 10 holes from the 2011 drill program on the São Jorge project in the Tapajós region of northern Brazil. The drill program (37 holes in 14,418 m) was completed the second week of December. Assay results from the first 13 holes were previously reported on January 18th, June 30th and October 24th 2011; assay results from final 13 holes are pending. Results from this drill program along with historic drill holes (108 holes in 22,446 m) will be used in an updated NI43-101 resource estimate.
Release No. 25/11
Vancouver, BC, December 19, 2011
Brazilian Gold Corporation (TSXV: BGC) is pleased to report assay results for an additional 10 holes from the 2011 drill program on the São Jorge project in the Tapajós region of northern Brazil. The drill program (37 holes in 14,418 m) was completed the second week of December. Assay results from the first 13 holes were previously reported on January 18th, June 30th and October 24th 2011; assay results from final 13 holes are pending. Results from this drill program along with historic drill holes (108 holes in 22,446 m) will be used in an updated NI43-101 resource estimate.
Tuesday 20 December 2011
Brazilian Gold Corp BGC TSX:V overlooked by investors
Brazilian Gold Corporation BGC-TSX-V)
The latest drill results from their São Jorge gold project in the Tapajós region of Brazil are positive and with the company being one of the only near term gold exploration and development companies in Northern Brazil with access to power and with paved highway access, BGC has available infrastructure and human capital access to enter the mine development stage. These recent drill results revealed
4 metres (m) from 42m grading 1.77 grammes per tonne (g/t) gold and 4 m from 106 m @ 4.37 g/t is OK.
The current drill programme continues to intersect wide zones of alteration and gold mineralisation down dip and along strike of historic drilling. In particular a potential 1.5 kilometre strike extension is mooted from a recently discovered Induced Polarisation anomaly.Should this be confirmed through further drilling , the new strike will add significantly to the resource estimate.
An updated National Instrument 43-101 resource is expected in by Q2 2012. With a market capitalisation of C$33.0m and the company trading at a 52 week low (0.33c$), plus other risk mitigating advantages such as low cost ( cash production cost well below 800$ per ounce )open pit operational profile, planned for mine development and with a very strong and experienced board to take the company into production,
BGC is one of the few exploration plays that with its strong cash position is well equipped to be one of the few gold exploration plays in Brazil capable of entering production in the near term.
Monday 19 December 2011
Brazilian Gold intersect further gold mineralization
Brazilian Gold Corporation (TSXV: BGC) is pleased to report assay results for an additional 10 holes from the 2011 drill program on the São Jorge project in the Tapajós region of northern Brazil. The drill program (37 holes in 14,418 m) was completed the second week of December. Assay results from the first 13 holes were previously reported on January 18th, June 30th and October 24th 2011; assay results from final 13 holes are pending. Results from this drill program along with historic drill holes (108 holes in 22,446 m) will be used in an updated NI43-101 resource estimate.
Highlights
* Significant gold intersections include:
• SJD-096-11: 1.77 g/t over 4 m (42 to 46 m) and 4.37 g/t over 4 m (106 to 110 m);
• SJD-097-11: 1.24 g/t over 54 m (187 to 241 m);
• SJD-101-11: 1.79 g/t over 16 m (38 to 54 m) and 1.84 g/t over 8 m (74 to 82 m);
• SJD-102-11: 1.21 g/t over 14 m (130 to 144 m);
• SJD-103-11: 2.28 g/t over 11 m (130 to 144 m).
* Drill program continues to intersect wide zones of alteration and gold mineralization down dip and along strike of historic drilling.
* An induced polarization (IP) resistivity high with or without a coincident chargeability high is identified along strike of the Sao Jorge deposit to the southeast for 1.5 km suggesting potential to identify additional gold mineralization.
Ian Stalker, CEO of Brazilian Gold commented "As the year has progressed, so has the intensity of our work program in order to complete an updated NI43-101 compliant resource for our São Jorge project early in 2012. This latest set of results coming from the eastern part of the ore body continues to confirm additional intersections at similar thickness and grade as the previously reported resource (Coffey Mining, June 27 2011).
This volume of new information from our São Jorge project gives us a much better understanding of the deposit geology and equally important will be used in upgrading the confidence level and the potential size of the next resource estimate. Significantly, the work undertaken in the last three months has identified an IP anomaly along strike of the São Jorge deposit to the southeast for 1.5 km suggesting potential to identify additional gold mineralization. It is an area for potential further resource growth and we will be working on defining the target in more detail early in 2012."
The São Jorge project is well situated with respect to infrastructure. It is located approximately 70 km north of the town of Novo Progresso on Highway BR163 that connects the city of Cuiaba in Mato Grosso state with the port city of Santarem on the Amazon River. The highway is currently being asphalted with approximately 30 km remaining to be completed between São Jorge and Novo Progresso. As well as having tarred road access, the project is connected to the electric power grid and a skilled work force is available in Novo Progresso, which has a population of approximately 60,000 people.
The São Jorge deposit is 1,300 m long by up to 200 m wide and has been intersected in drill holes to 350 m depth; the deposit strikes northwest and has a sub-vertical dip. Alteration and mineralization appears to be spatially associated with a number of d iscontinuous shear and fracture zones within granitic host rocks. Alteration minerals include chlorite, epidote, sericite, silica and sulphides that occur as disseminations, fracture controlled or pervasive alteration. The predominant sulphide is pyrite with minor amounts of chalcopyrite. Gold mineralization is commonly associated with silica+sericite+sulphide alteration and higher gold values are generally associated with higher pyrite content and the presence of chalcopyrite.
Drill holes reported in this news release are angle holes that have been drilled on north-south sections spaced 50 m apart. The drill holes were infill holes that targeted the eastern part of the deposit up to 250 m below surface. All drill holes in this news release except for drill hole SJD-098b-11 and SJD-105-11 intersected significant intervals of alteration and gold mineralization.
Table 1: Drill results from the São Jorge deposit.
Hole ID& nbsp; Section From(m) To(m) Interval(m)* Au g/t Comment
SJD-093-11 187.00 266.00 79.00 0.29
SJD-093-11 284.00 331.00 47.00 0.61
SJD-096-11 42.00 46.00 4.00 1.77 &n bsp;
SJD-096-11 106.00 110.00 4.00 4.37
SJD-097-11 187.00 241.00 54.00 1.24 Partial results
SJD-098b-11 No significant assays
SJD-099-11 216.00 226.00 10.00 0.59
SJD-100-11 207.00 213.00 6.00 1.12
SJD-100-11 250.00 266.00 16.00 0.51
SJD-101-11 38.00 54.00 16.00 1.79 &nb sp;
SJD-101-11 74.00 82.00 8.00 1.84
SJD-101-11 150.00 166.00 16.00 0.79
SJD-101-11 289.00 307.00 18.00 0.50 ;
SJD-102-11 130.00 144.00 14.00 1.21
SJD-103-11 24.00 30.00 6.00 0.49
SJD-103-11 147.00 158.00 11.00 2.28
SJD-104-11 &n bsp; Abandoned hole
SJD-105-11 No significant assays
SJD-107-11 331.00 339.00 8.00 0.50
*True thickness is approximately 50% of drill interval.
Results from the 2011 drill program (37 holes in 14,418 m) along with the historic drilling (108 holes in 22,446 m) will be used in a new resource estimate scheduled for completion by the end of the first quarter of 2012; the estimate was delayed from the previously reported end of year release so that all the assay results from the 2011 drill program could be included. The objective of this program is to identify additional resources that are amenable to open pit extraction thereby increasing the potential mine life and production rate as documented in the recently completed independent NI43-101 Preliminary Economic Assessment (PEA) on the São Jorge deposit (Coffey Mining, June 21st, 2011). The PEA indicates robust economics with an internal rate of return (IRR) of 22.9% and a net present value (NP V) at a 5% discount rate of $99.1 million using a gold price of US$1,300 per ounce. The PEA is based on an mineral resource estimate containing an indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of gold) at a 0.3 g/t gold cut-off. Due to wide spaced drilling in certain parts of the deposit, approximately 50% of this resource was not included in the mine plan. In addition, none of the down dip or infill drilling completed by Brazilian Gold in the 2011 drill program was incorporated in the resource estimate.
Brazilian Gold is currently reviewing the results of its extensive exploration program (drilling, soil geochemistry and IP) completed in 2011. Resistivity and chargeability anomalies, some of which are similar in orientation and amplitude, as those observed over the São Jorge deposit have been outlined in a recently completed 120-line k ilometre survey. Gold in soil anomalies are coincident with many of the IP anomalies. Targets identified from this work are currently being evaluated and prioritized for drill testing early in 2012.
Highlights
* Significant gold intersections include:
• SJD-096-11: 1.77 g/t over 4 m (42 to 46 m) and 4.37 g/t over 4 m (106 to 110 m);
• SJD-097-11: 1.24 g/t over 54 m (187 to 241 m);
• SJD-101-11: 1.79 g/t over 16 m (38 to 54 m) and 1.84 g/t over 8 m (74 to 82 m);
• SJD-102-11: 1.21 g/t over 14 m (130 to 144 m);
• SJD-103-11: 2.28 g/t over 11 m (130 to 144 m).
* Drill program continues to intersect wide zones of alteration and gold mineralization down dip and along strike of historic drilling.
* An induced polarization (IP) resistivity high with or without a coincident chargeability high is identified along strike of the Sao Jorge deposit to the southeast for 1.5 km suggesting potential to identify additional gold mineralization.
Ian Stalker, CEO of Brazilian Gold commented "As the year has progressed, so has the intensity of our work program in order to complete an updated NI43-101 compliant resource for our São Jorge project early in 2012. This latest set of results coming from the eastern part of the ore body continues to confirm additional intersections at similar thickness and grade as the previously reported resource (Coffey Mining, June 27 2011).
This volume of new information from our São Jorge project gives us a much better understanding of the deposit geology and equally important will be used in upgrading the confidence level and the potential size of the next resource estimate. Significantly, the work undertaken in the last three months has identified an IP anomaly along strike of the São Jorge deposit to the southeast for 1.5 km suggesting potential to identify additional gold mineralization. It is an area for potential further resource growth and we will be working on defining the target in more detail early in 2012."
The São Jorge project is well situated with respect to infrastructure. It is located approximately 70 km north of the town of Novo Progresso on Highway BR163 that connects the city of Cuiaba in Mato Grosso state with the port city of Santarem on the Amazon River. The highway is currently being asphalted with approximately 30 km remaining to be completed between São Jorge and Novo Progresso. As well as having tarred road access, the project is connected to the electric power grid and a skilled work force is available in Novo Progresso, which has a population of approximately 60,000 people.
The São Jorge deposit is 1,300 m long by up to 200 m wide and has been intersected in drill holes to 350 m depth; the deposit strikes northwest and has a sub-vertical dip. Alteration and mineralization appears to be spatially associated with a number of d iscontinuous shear and fracture zones within granitic host rocks. Alteration minerals include chlorite, epidote, sericite, silica and sulphides that occur as disseminations, fracture controlled or pervasive alteration. The predominant sulphide is pyrite with minor amounts of chalcopyrite. Gold mineralization is commonly associated with silica+sericite+sulphide alteration and higher gold values are generally associated with higher pyrite content and the presence of chalcopyrite.
Drill holes reported in this news release are angle holes that have been drilled on north-south sections spaced 50 m apart. The drill holes were infill holes that targeted the eastern part of the deposit up to 250 m below surface. All drill holes in this news release except for drill hole SJD-098b-11 and SJD-105-11 intersected significant intervals of alteration and gold mineralization.
Table 1: Drill results from the São Jorge deposit.
Hole ID& nbsp; Section From(m) To(m) Interval(m)* Au g/t Comment
SJD-093-11 187.00 266.00 79.00 0.29
SJD-093-11 284.00 331.00 47.00 0.61
SJD-096-11 42.00 46.00 4.00 1.77 &n bsp;
SJD-096-11 106.00 110.00 4.00 4.37
SJD-097-11 187.00 241.00 54.00 1.24 Partial results
SJD-098b-11 No significant assays
SJD-099-11 216.00 226.00 10.00 0.59
SJD-100-11 207.00 213.00 6.00 1.12
SJD-100-11 250.00 266.00 16.00 0.51
SJD-101-11 38.00 54.00 16.00 1.79 &nb sp;
SJD-101-11 74.00 82.00 8.00 1.84
SJD-101-11 150.00 166.00 16.00 0.79
SJD-101-11 289.00 307.00 18.00 0.50 ;
SJD-102-11 130.00 144.00 14.00 1.21
SJD-103-11 24.00 30.00 6.00 0.49
SJD-103-11 147.00 158.00 11.00 2.28
SJD-104-11 &n bsp; Abandoned hole
SJD-105-11 No significant assays
SJD-107-11 331.00 339.00 8.00 0.50
*True thickness is approximately 50% of drill interval.
Results from the 2011 drill program (37 holes in 14,418 m) along with the historic drilling (108 holes in 22,446 m) will be used in a new resource estimate scheduled for completion by the end of the first quarter of 2012; the estimate was delayed from the previously reported end of year release so that all the assay results from the 2011 drill program could be included. The objective of this program is to identify additional resources that are amenable to open pit extraction thereby increasing the potential mine life and production rate as documented in the recently completed independent NI43-101 Preliminary Economic Assessment (PEA) on the São Jorge deposit (Coffey Mining, June 21st, 2011). The PEA indicates robust economics with an internal rate of return (IRR) of 22.9% and a net present value (NP V) at a 5% discount rate of $99.1 million using a gold price of US$1,300 per ounce. The PEA is based on an mineral resource estimate containing an indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of gold) at a 0.3 g/t gold cut-off. Due to wide spaced drilling in certain parts of the deposit, approximately 50% of this resource was not included in the mine plan. In addition, none of the down dip or infill drilling completed by Brazilian Gold in the 2011 drill program was incorporated in the resource estimate.
Brazilian Gold is currently reviewing the results of its extensive exploration program (drilling, soil geochemistry and IP) completed in 2011. Resistivity and chargeability anomalies, some of which are similar in orientation and amplitude, as those observed over the São Jorge deposit have been outlined in a recently completed 120-line k ilometre survey. Gold in soil anomalies are coincident with many of the IP anomalies. Targets identified from this work are currently being evaluated and prioritized for drill testing early in 2012.
Brazilian Gold Corp BGC, TSX:V
Brazilian Gold Corporation the fast-track developer of a number of large scale adjacent open pit gold projects in Northern Brazil, takes time to remind the market of its strong cash in back position and the fact that the São Jorge project is Brazilian Gold’s most advance stage development. The deposit is host to an NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
Whilst concerns about the fall in gold prices may concern some investors, BGC is set to be a low cost, low risk producer where in the case of Brazil it operates in a positive low royalty tax environment and is the only gold development company in Northern Brazil with access to power and with highway access to the development site.
Whilst concerns about the fall in gold prices may concern some investors, BGC is set to be a low cost, low risk producer where in the case of Brazil it operates in a positive low royalty tax environment and is the only gold development company in Northern Brazil with access to power and with highway access to the development site.
Friday 16 December 2011
Geodrill Establishes European Representative Office
For Immediate Release
15th December 2011
Geodrill Establishes European Representation Office
Geodrill (GEO: TSX), the leading West Africa-based drill rig contractor, is pleased to announce the appointment of Brandmining, a specialist mining and natural resources consulting firm, as the Company’s European representative.
Commenting on the appointment, CEO Dave Harper said: “Geodrill is rapidly increasing its fleet of drill rigs. The appointment of Brandmining will help to ensure that our Company maintains a high profile and effective representation in the influential London mining market, where a number of listed mining and exploration companies with interests in West Africa procure their drilling programmes.”
About Geodrill
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specialises in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
For further information contact:
Geodrill
Dave Harper
Chief Executive Officer
T: +233 30 276 8879
E: dharper@geodrill-gh.com
Brand Mining
André Morrall
Managing Director
T: +44 (0) 151 244 5587
E: andre@brandmining.co.uk
Press Release
Visiting Address:
20B Aviation Road Airport Residential Area Accra, Ghana
Postal Address:
PO Box KIA 16184 Airport
Accra, Ghana
T: +233 30 276 8879
E: dharper@geodrill-gh.com
www.geodrill-gh.com
15th December 2011
Geodrill Establishes European Representation Office
Geodrill (GEO: TSX), the leading West Africa-based drill rig contractor, is pleased to announce the appointment of Brandmining, a specialist mining and natural resources consulting firm, as the Company’s European representative.
Commenting on the appointment, CEO Dave Harper said: “Geodrill is rapidly increasing its fleet of drill rigs. The appointment of Brandmining will help to ensure that our Company maintains a high profile and effective representation in the influential London mining market, where a number of listed mining and exploration companies with interests in West Africa procure their drilling programmes.”
About Geodrill
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specialises in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
For further information contact:
Geodrill
Dave Harper
Chief Executive Officer
T: +233 30 276 8879
E: dharper@geodrill-gh.com
Brand Mining
André Morrall
Managing Director
T: +44 (0) 151 244 5587
E: andre@brandmining.co.uk
Press Release
Visiting Address:
20B Aviation Road Airport Residential Area Accra, Ghana
Postal Address:
PO Box KIA 16184 Airport
Accra, Ghana
T: +233 30 276 8879
E: dharper@geodrill-gh.com
www.geodrill-gh.com
Thursday 15 December 2011
Polo Resources Boost For Sierra Leone
Polo Resources the London and Toronto listed natural resources investment and development company, announced Wednesday, that it has agreed to acquire TSX-V listed AXMIN Inc.'s ("AXMIN") 49 per cent. interest in Nimini Holdings Limited ("Nimini") for a cash consideration of US$9 million. Polo completed its acquisition of a 51 per cent. interest in Nimini on 29 September 2011 and will, upon completion of this acquisition, own a 100 per cent. interest in Nimini.
The transaction is expected to complete by 23 December 2011. Polo's joint venture agreement with AXMIN in respect of the Nimini East and West and Matotoka gold exploration licences in Sierra Leone (the "Prospects") will then cease and AXMIN will no longer have representation on the board of Nimini.
The news is another positive signal of the growing confidence the gold mining and exploration sector is having in Sierra Leone, where a number of analysts are saying that the country represents "Ghana Ten Years Ago"
The transaction is expected to complete by 23 December 2011. Polo's joint venture agreement with AXMIN in respect of the Nimini East and West and Matotoka gold exploration licences in Sierra Leone (the "Prospects") will then cease and AXMIN will no longer have representation on the board of Nimini.
The news is another positive signal of the growing confidence the gold mining and exploration sector is having in Sierra Leone, where a number of analysts are saying that the country represents "Ghana Ten Years Ago"
Saturday 10 December 2011
URU Metals LSE URU
URU Metals LSE:URU Metals is advancing it's SAN nickel project with intensive metallurgical test work and is working towards a PEA.
TAIA Lion Resources Sierra Leone
TAIA Lion Resources drill programme underway at the Lake Sonfon Gold Project Sierra Leone progressing really well,crews all working smoothly
Brazilian Gold Corp TSX:V BGC Drilling Campaign
Brazilian Gold Corp, the Toronto listed fast-track developer of large scale gold projects in Northern Brazil, presses ahead with its 20,000 metre drill campaign, where it is targeting through its close knit adjacent projects up to 3 million ounces of gold that could be processed through a central treatment facility.
Friday 9 December 2011
TAIA Lion Resources Drilling Going Very Well
TAIA Lion Resources drill programme underway at the Lake Sonfon Gold Project Sierra Leone progressing really well,crews all working smoothly
Tuesday 6 December 2011
TAIA Lion Resources Begins Phase One Drill Campaign
TAIA Lion Resources the developer of the highly prospective Lake Sonfon and Gori Hills gold projects in Sierra Leone begins commences it's phase one drill campaign.
UrAmerica Commences Drill Campaign
UrAmerica the South American uranium exploration and development company begins phase one drilling campaign on its highly prospective concessions in the San Jorge Basin, Argentina
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