Strategic Minerals SML.LN Closer to First Major Shipment From Cobre

Strategic Minerals SML.LN, one of London AIM's few iron ore miners currently in production, edge closer to the start of large scale rail shipments from their COBRE magnetite stockpile in New Mexico.
SML who recently secured a major off-take deal with Glencore, are set to make their first rail shipment in April, where initial output will be approximately 40,000 tonnes per month ramping up to 60,000 tonnes per month. These significant shipment volumes will generate strong cash flows for SML over the life of COBRE (up to 8.75 years) based on 6,570,000 stockpile resource processed at a rate of 750,000 tonnes per year.


The company will use the cash proceeds to rapidly advance its flagship east Australia Iron Glen magnetite project. With surrounding rail head serving the Iron Glen site and providing a convenient link to the bulk commodity deep sea shipment Port of Townsville, Iron Glen is ideally positioned to supply both export ready magnetite to world markets, but also to serve the heavy local demand for magnetite DMS from the cluster of coal companies operating in the nearby Bowen Basin.


www.strategicminerals.net

Stellar Diamonds STEL.LN Massive JORC on Tongo Kimberlite Project Sierra Leone

Stellar Diamonds STEL.LN Shining Bright in Sierra Leone 

Stellar Diamonds is London AIM's leading diamond exploration company today announce a maiden resource for the Tongo kimberlite dyke project in eastern Sierra Leone.
With ex De Beers people steering the ship, Sierra Leone on the up and China falling in love with diamonds like never before and with leading London Broker Daniel Stewart supporting them in the market, Stellar have a future brighter than diamonds.

Highlights:

· 660,000 carats JORC compliant inferred resource for Dyke-1

· Resource grade of 120 carats per hundred tonnes (+1.0mm cut-off)

· High quality diamond value, modelled at between $225 per carat to $270 per carat (+1.0mm cut-off)

· In-situ contained diamond value estimated by Stellar to be between $148m and $178m to date

· In-situ kimberlite value calculated to be between $270 to $324 per tonne

· The kimberlite remains open along strike and at depth

· Potential to grow the resource at Dyke-1 as well as adjacent dykes

Brazilian Gold Corp BGC.TSXV Massive Gold Grades Discovered at BOA VISTA Northern Brazil

Brazilian Gold Corp BGC.TSX.V The fast track developer of large scale low cost open pit gold projects in Northern Brazil report significant gold grades at their Boa Vista Gold Project in Northern Brazil. 

The results suggest BOA Vista has the potential to be a world-class low cost open pit large scale gold mine operation with what could be astonishing grades going through the planned process treatment facility. Boa Vista is supported by turn on ready infrastructure and has the potential to be in production over the near term. With grades like the ones just reported, Brazilian Gold Have Really Struck Gold!!!!!!!!!!!

HIGHLIGHTS

VGD-011-12 intersected 2.0 m grading 9.70 g/t and 1.5 m grading 10.7 g/t within an interval of 38.5 m grading 3.50 g/t gold; the 38.5 m interval is within a larger mineralized envelope of 97 m grading 1.72 g/t gold.

VGD-013-12 intersected 31.0 m grading 1.47 g/t gold within a larger mineralized envelope of 90.6 m grading 0.65 g/t gold.

       VGD-011-12 and VGD-013-12 are located approximately 225 m and 420 m, respectively, southeast of previously reported drill hole VGD-001-11, which intersected 29.6 m grading 3.09 g/t and 13.58 m grading 2.80 g/t gold within a larger mineralized envelope of 102.3 m grading 1.43 g/t gold.

 *The nine holes completed in this program at the VG1 target have intersected wide intervals of alteration and mineralization over a strike length of 600 m; mineralization is open down dip and along strike.

*The drill program has tested the eastern portion of the VG1 gold-in-soil anomaly (2,000 m long) and an additional 1,400 m of strike length remains to be tested by drilling.

*Near surface gold mineralization at the VG1 target has the potential to be mined by low cost open pit extraction.

*VG1 target represents one of several highly prospective gold targets identified on the Boa Vista project.

*Induced polarization (IP) survey (approx. 60 line km) has been completed and is currently being processed and interpreted.

ZINCOX Resources ZOX.LN Game Changing in the Zinc & Electric Arc Furnace Dust Business Begins

Brilliance, Science, Metallurgy, Diplomacy, Innovation, Talent, Expertise, Responsibility, Hard Work, Dedication, Belief, Trust, Environmental Responsibility, Wealth Creation, Friendship, Partnership, Engineering, Aerodynamics, IT, Outstanding Corporate Governance, Game Changing, Decency, Honesty..............

ZINCOX

The Very Best Example of When Life, Education, Research, Development and Business, Combine Forces Within People Across Different Nations, Cultures and Beliefs to Deliver Something Amazing.

Well Done ZINCOX
Well Done Great Britain
Well Done Belgium
Well Done Korea

www.zincox.com

TAIA Lion Resources Phase One Drill Programme Update

TAIA Lion Resources the developer of the exciting Gori Hills and Lake Sonfon Gold Projects in Sierra Leone, concludes their phase one drill campaign and ships samples off for assaying.
Commenting on the progress so far CEO Ari Untracht said,

"The drill campaign on both our  Gori Hills and Lake Sonfon properties has gone really well and I take this opportunity of thanking the drill team, our geological and technical teams, plus our local Sierra Leone team for their splendid work on this our first drill campaign and I look forward to releasing the results to our shareholders as soon as possible"

URU Metals URU.LN Shares Soar by 18% On Heavy Buying

URU Metals URU.LN, London AIM's leading uranium exploration and development company see their shares soar by 18% on heavy buying, Monday as brokers suggest a raft of M&A activity about to begin in the uranium sector.
www.urumetals.com

Vatukoula Gold Mines VGM.LN Production Up Profit Up Mining Up Shares Up

Fiji-based Vatukoula Gold Mines is benefitting from a range of new mining initiatives that includes a greater focus on efficiency mining rather than volume mining as it sees mine profit for the quarter to February at £0.9 million compared to a loss of £2 million in the same period last year. Mine profit for the half year period was £2.3 million compared to a profit of £2.2 million.
VGM shipped 13,869 Ounces in the quarter and output increased by a quarter to 14.315 ounces compared to the same period a year ago to leave total production for the half year to end February little changed at 29,999 ounces.

Chief executive David Paxton said he was pleased with the performance, adding that underground mining and development increased substantially.

“Through improvements in our underground mining practices we were able to achieve an underground grade of 5.70 g/t, while increasing the development metres.

The improved production and higher grade, along with higher gold prices ensures that we continue to operate on a positive operational free cash flow basis,”

“At the end of the six months gold production from underground remained on target to achieve our forecast production of 65,000 ounces for the current financial year,” he added.

Vatukoula’s production of underground ore for the six months rose to 165,339 tonnes up from 154,000 tonnes, with underground development 13,238 metres up from 11,354 metres in the comparable period.

The miner shipped and sold 13,869 ounces of gold during the quarter and a total of 28,456 ounces for the six months.

Total cash costs per ounce of gold produced in the three months were US$1,419, down from US$1,530 in the same period last year and largely a result of the higher grades delivered to the mill, which increased the gold produced.

These results should help pave the way for further developments at Vatukoula where there is a strong upside potential to develop and mine other ore bodies contained within Vatukoula's huge acreage