TAIA Lion Resources, the fast track developer of the exciting Gori Hills and Lake Sonfon gold projects in Sierra Leone, have commenced phase two drilling on their Gori Hills Project. This comes off the back of a successful phase one drilling programme undertaken recently at Lake Sonfon.
TAIA Lion's Gori Hills property is set in Sierra Leone's granite greenstone geological belt, in what is a highly prospective gold bearing region. TAIA's drill team is fully mobilised on site.
Assay results from both drill programmes are expected to be released as soon as possible.
www.taialionresources.com
Tuesday, 31 January 2012
Brazilian Gold Corp (BGC:TSX.V) Add To Resource Base
Brazilian Gold Intersects 82 m Grading 0.85 g/t Including 4 m Grading 13.9 g/t Gold at the Surubim Project (Jau Target), Brazil
Brazilian Gold Corporation (TSXV: BGC, "Brazilian Gold" or the "Company") is pleased to report assay results for the final 11 holes of the 2011 drill program on the Surubim project (Jau target) in the Tapajós region of northern Brazil. Gold mineralization at the Jau target was discovered by Brazilian Gold in the first quarter of 2011 and has been intersected in drill holes (20 holes in 6,203 m) over a strike length of 700 m and up to a depth of 250 m below surface; the mineralization is open at depth and to the west. The target is located approximately 65 km southwest of the Company's advance stage São Jorge project and is accessed by the Transgarimpeiro Highway.
Highlights
- JAD-012-11 intersected 1.35 g/t gold over 12 m,
- JAD-013-11 intersected 0.85 g/t gold over 82 m that includes a higher grade interval of 13.8 g/t gold over 4 m,
- JAD-018-11 intersected 3.39 over 4 m, and
- JAD-019-11 intersected 1.16 g/t gold over 12 m (See table below for a complete set of drill intersections).
- Jau target represents one of several highly prospective gold targets identified on the Surubim project.
- Soil geochemistry and mapping currently underway on the Mariazinha target.
TABLE 1: DRILL RESULTS FROM THE JAU TARGET, SURUBIM PROJECT
From To Int. Au
Hole ID (m) (m) (m)* (g/t)
JAD-012-11 221.00 233.00 12.00 1.35
JAD-013-11 50.00 132.00 82.00 0.84
includes 110.00 114.00 4.00 13.80
JAD-014-11 93.00 189.00 96.00 0.27
includes 139.00 171.00 32.00 0.51
JAD-014-11 237.00 241.00 4.00 1.69
JAD-015-11 178.00 232.00 54.00 0.32
JAD-016-11 256.00 262.00 6.00 1.08
JAD-01 7-11 54.00 68.00 14.00 0.32
JAD-017-11 160.00 164.00 4.00 0.89
JAD-018-11 278.00 306.00 28.00 0.30
JAD-018-11 360.00 364.00 4.00 3.39
JAD-019-11 260.00 272.00 12.00 1.16
JAD-020-11 24.00 29.23 5.23 1.00
* True thickness is approximately 70 to 80 per cent of drill interval.
Note: The large composite intervals are a result of several narrow high-grade veinlets within an interval that is anomalous in gold.
Ian Stalker, CEO of Brazilian Gold, commented "The Company is delighted to have discovered gold mineralization in its first holes at the Jau target. The drill program has outlined substantial near surface gold mineralization that has the potential for low cost open pit extraction. The Company is currently evaluating the continuity of the mineralization to determine if the drill spacing is sufficient for an independent NI43-101 inferred resource estimate to be completed at this time, which would further add to the updated NI43-101 resource estimate for our São Jorge project due to be completed this quarter. In addition to drilling at Jau, we have been busy with geochemical and mapping programs at the Mariazinha target, which is located 15 k m northeast of Jau, as well as reviewing the results of the airborne geophysical survey completed in Q3 2011 that we expect to generate a number of high priority targets for follow-up exploration."
The 2011 drill program was designed to test an east-west trending chargeability and magnetic anomaly that was coincident with auriferous quartz-sulphide veins exposed in an historic garimpeiro pit. Twenty drill holes (6,203 m) were completed on ten sections (7900E to 8800E) space 100 m apart; the holes were drilled towards the north or south at -55 to -60°.
The drill holes intersected an east-west striking, steeply dipping mineralized zone hosted in felsic volcanic (ignimbrites) and granitoid rocks. The mineralized zone is up to 70 m thick and is comprised of quartz+calcite+sulphide veinlets with envelopes of sericite-silica-pyrite; sulphides include pyrite, sphalerite, galena and chalcopyrite. Drilling has delineated the zone over a strike length of 700 m and up to 250 m below surface; it is open at depth and to the west.
Laboratory Procedures
Drill core is sampled at 3 metre or smaller intervals using a diamond saw. One half of the sample is archived and the other half is dispatched to Acme Analytical Laboratories Ltd.'s sample preparation facility in Itaituba, Brazil, where the sample is crushed, split and pulverized to -200 mesh. The pulp is shipped to Santiago, Chile or Vancouver, Canada for gold fire assay. Acme Analytical Laboratories Ltd. is an internationally certified ISO 9001 laboratory.
Garnet Dawson, M.Sc., P.Geo. (British Columbia), Vice President, Exploration for the Company and a Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this News Release.
About Brazilian Gold Corporation
Brazilian Gold is a Canadian-based public company with a focus on the acquisition, exploration and development of mineral properties in northern Brazil. The Company has title to one of the largest land packages (3,750 km2) in the Tapajós and adjacent Alta Floresta gold provinces. The land package contains green fields to more advance stage projects including the Company's flagship São Jorge project.
The São Jorge project contains 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 (Coffey Mining, June 21, 2011).
Thursday, 26 January 2012
Brazilian Gold Corp BGC:TSXV Begin work on the pre feasibility study for the exciting Sao Jorge Gold Project
Following a series of good drilling results on their flagship Sao Jorge Gold Project, Brazilian Gold Corp BGC:TSXV have commenced initial work on the pre feasibility study for the exciting Sao Jorge Gold Project
BGC has released a series of positive drill results from the Sao Jorge property where grades have been steadily increasing and where the company is expected to release soon, a revised and likely improved resource estimate.
BGC has released a series of positive drill results from the Sao Jorge property where grades have been steadily increasing and where the company is expected to release soon, a revised and likely improved resource estimate.
Wednesday, 25 January 2012
URU Metals LSE:URU Shares Advance On Positive Uranium Outlook
URU Metals (LSE:URU) the London listed uranium exploration company who are currently drilling on their highly prospective Irhazer Uranim Project in the Republic of Niger, see their shares advance by 3.7% Wednesday as the market turns positive on uranium.
URU Metals is one of only a few London listed uranium exploration companies and the only London listed company with large scale exploration licences in Niger, where the world's fourth largest assured uranium resources exist.
Recently, both the United States and France have announced that nuclear energy will remain a strong feature of their energy generation mix. The United Kingdom is committed to the development of up to ten new nuclear power stations. There has recently been signs that the major uranium producers are looking to build up their resource inventories. Cameco's recent transaction with the private South American uranium exploration co, UrAmerica, where URU Metals has a 7.2% stake and the decision by Rio Tinto to place an offer for Hathor Exploration, provide some evidence of return to a more positive level of sentiment about the future of the uranium sector.
www.urumetals.com
URU Metals is one of only a few London listed uranium exploration companies and the only London listed company with large scale exploration licences in Niger, where the world's fourth largest assured uranium resources exist.
Recently, both the United States and France have announced that nuclear energy will remain a strong feature of their energy generation mix. The United Kingdom is committed to the development of up to ten new nuclear power stations. There has recently been signs that the major uranium producers are looking to build up their resource inventories. Cameco's recent transaction with the private South American uranium exploration co, UrAmerica, where URU Metals has a 7.2% stake and the decision by Rio Tinto to place an offer for Hathor Exploration, provide some evidence of return to a more positive level of sentiment about the future of the uranium sector.
www.urumetals.com
Tuesday, 24 January 2012
Brazilian Gold Corp BGC:TSX.V Yearly Review Report on São Jorge:
Brazilian Gold Corp BGC:TSX.V Yearly Review Report on São Jorge:
by Brand Mining 25/01/2012
Brand Mining provides readers of its blog with a “Yearly Review” on Brazilian Gold Corp’s flagship São Jorge project, located in the Tapajós region of northern Brazil.
Overview:
The São Jorge project is Brazilian Gold Corp’s flagship gold project and forms part of a adjacent package of gold projects that include the Jau Tragte (Previous Rio Novo), Boa Vista, Surubim and Pista Manual properties.
The latter projects have all seen exploration expenditure over the last twelve months with drilling activity that has led to the release of some positive assay results.
Drilling:
BGC commenced its phase one, 5,000 meter diamond drill campaign on the São Jorge project on the 24th November 2010. Over 14,000 meters of drilling has been sunk on the latest programme, where results were released on the 19th January 2012.
Positive PEA:
On the 21st July 2011 BGC received a National Instrument 43-101 Independent Technical Report Detailing a Positive Preliminary Economic Assessment on the São Jorge deposit.
Highlights Included:
- Independent PEA completed by Coffey Mining indicated a project internal rate of return (IRR) of 22.9% and a net present value (NPV) at a 5% discount rate of $99.1 M at a gold price of $1,300 per ounce.
- Project economics using a gold price of $1,560 per ounce indicated a project IRR of 36.4% and a NPV at a 5% discount rate of $181.4 M.
NI43-101 indicated resource of 343,000 ounces (8.3Mt grading 1.3 g/t gold) and an inferred resource of 458,000 ounces (12.6 Mt grading 1.1 g/t gold) using a 0.5 gram/tonne cut-off (Coffey Mining Sept. 14, 2010).
Flow Of Drilling Results:
By June 2011, BGC started to release a series of assay results, from the drilling programme undertaken at São Jorge. The programme has continued into 2012.
We have provided a table below with a series of the highlights of the drill campaign to date.
Abbreviated Summary of Assay Results from the São Jorge Project
Hole ID
|
Interval(m)*
|
Grade
g/t
|
Date Reported
|
SJD-086-11
|
12.00
|
1.71
|
30/06/2011
|
SJD-095-11
|
10.00
|
3.60
|
24/10/2011
|
SJD-094-11
|
22.00
|
1.96
|
24/10/2011
|
SJD-096-11
|
4.00
|
4.37
|
19/12/2011
|
SJD-103-11
|
11.00
|
2.28
|
19/12/2011
|
SJD-101-11
|
16.00
|
1.79
|
19/12/2011
|
SJD-108-11
|
20.00
|
2.2
|
19/12/2011
|
SJD-108-11
|
40.00
|
1.96
|
19/12/2011
|
SJD-108-11
|
8.00
|
3.9
|
19/01/2012
|
*True thickness is approximately 50% of drill interval.
These results so far suggest the BGC geological team is improving its knowledge of the geological setting at São Jorge. Since the release of the first set of results back in June 2011, the BGC geological team has drilled a holes on the São Jorge property that have revealed grades that are exceptionally good for a potential open pit, large scale mine operation. This suggests the targeting of drill holes is being well thought through by the BGC geological team and that this is based on an improved knowledge of the geological data sets that BGC has built up since its time on the ground at São Jorge.
Moving Into The Mining Phase:
A revised PEA and resource classification will be undertaken on São Jorge where the drilling results secured, post the previous PEA, will help provide a clearer picture of São Jorge and its potential to become a mineable asset. Subject to the revised PEA, Brazilian Gold is likely to move quickly into the feasibility study stage at São Jorge.
Infrastructure:
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.
Both human capital and infrastructure capital support mine development at São Jorge.
Summary:
BGC has undertaken a year of heavy investment in drilling and on the overall project development of São Jorge. At the same time it has invested in drilling on its adjacent properties. The company is building up a robust geological picture of the Tapajós region of northern Brazil and can not be faulted on the use of shareholder resources, which have been deployed correctly on what has been so far an intensive drilling campaign.
Brazilian Gold is well positioned to develop São Jorge into a low cost, large scale open pit project. With a board and executive management that has a strong track record in taking exploration projects into mine development and production, we see BGC as a company that has real potential to become a mid-tier gold producer over the near term, where access to funding and capital market support would be well supported to make that happen.
Authors:
André Morrall FinstSMM
Dr.Iestyn Adams
iestyn@brandmining.co.uk
TAIA Lion Resources Pleased By Sierra Leone's Progress on Education & Training
Taia Lion Resources, the developer of the exciting Lake Sonfon and Gori Hills gold projects in Sierra Leone is pleased by the progress and investment the government of Sierra Leone is making within the education and training sectors.
Starting this year, Sierra Leone will be initiating a number of significant investment programmes. Details of which are contained in the:
African Economic Outlook Report 2011 on Sierra Leone, available at:
http://www.africaneconomicoutlook.org/fileadmin/uploads/aeo/Country_Notes/2011/Full/Sierra%20Leone.pdf
Highlights Include:
:Government allocation of SLL 76.1 billion (17 Million US$) to the Ministry of Education, Youth and Sports under the recurrent budget.
:Grants to tertiary institutions amount to SLL 42.4 billion (9.4 million US$).
:An amount of SLL 15.2 billion (3.3 Million US$) is being allocated for grants to government boarding schools, payment of examination fees for the West African Senior School Certificate Examination (WASSCE) and support for the Girl Child programme in secondary schools.
:Allocation of SLL 500 million (112,000 US$) for the new Barefoot Solar Technicians Training Centre at Konta Line.
:SLL 1.0 billion (224,00 US$) is being provided for the operations of the newly established Youth Commission.
:Allocation of SLL 1.7 billion (380,000 US$) for sports programmes.
:Establishment of The Teacher Service Commission to ensure the effective management of the profession.
:Recruitment of over 4 000 additional teachers, based on a new National Policy on Teacher Training and Development
:Additional resources secured for the construction of more schools and technical vocational institutions
Education and Training Report Extract Below
Many Sierra Leonean children are out of school, too few complete their schooling and fewer get a quality education. In the Agenda for Change, the government is committed to improving access to education, raising the schooling completion rate, and improving the quality of education and teacher training. To this end, the government launched the Professor Gbamanja Commission of Inquiry in 2009 to review the educational sector, which produced a White Paper with recommendations for an overhaul of the education system. Those recommendations are now being implemented.
The government is allocating SLL 76.1 billion to the Ministry of Education, Youth and Sports under the recurrent budget. Grants to tertiary institutions amount to SLL 42.4 billion. An amount of SLL 15.2 billion is being allocated for grants to government boarding schools, payment of examination fees for the West African Senior School Certificate Examination (WASSCE) and support for the Girl Child programme in secondary schools. In addition, an amount of SLL 500 million is being allocated for the new Barefoot Solar Technicians Training Centre at Konta Line. SLL 1.0 billion is being provided for the operations of the newly established Youth Commission and SLL 1.7 billion for sports programmes.
A Teacher Service Commission is being established to ensure the effective management of the profession. Over 4 000 additional teachers have been recruited, based on a new National Policy on Teacher Training and Development, and resources have been secured for the construction of more schools and technical vocational institutions. Grants-in-aid have been awarded to all female students who gained admission to tertiary institutions to study science courses such as mathematics, physics, chemistry, biology and engineering, and for all disabled students who fulfilled admission requirements for tertiary institutions to pursue higher education. Tuition fees are paid for all girls in approved government-assisted junior secondary schools.
Steps are being taken to conduct National School Verification Exercises to weed out "ghost teachers" who do not work but are on the payroll. A National Policy on Technical, Vocational Education and Training have been formulated, and the construction and rehabilitation of eight technical vocational institutes in various parts of the country has been completed. The construction of additional Technical and Vocational Institutes costing USD 9 million is in progress throughout the country. The curriculum for technical and vocational institutes has been revised to include new trades that are attractive to women. Despite all these efforts, the 2010 Millennium Development Goals Progress Report states that it is not certain the Primary Education MDG will be met by 2015.
Starting this year, Sierra Leone will be initiating a number of significant investment programmes. Details of which are contained in the:
African Economic Outlook Report 2011 on Sierra Leone, available at:
http://www.africaneconomicoutlook.org/fileadmin/uploads/aeo/Country_Notes/2011/Full/Sierra%20Leone.pdf
Highlights Include:
:Government allocation of SLL 76.1 billion (17 Million US$) to the Ministry of Education, Youth and Sports under the recurrent budget.
:Grants to tertiary institutions amount to SLL 42.4 billion (9.4 million US$).
:An amount of SLL 15.2 billion (3.3 Million US$) is being allocated for grants to government boarding schools, payment of examination fees for the West African Senior School Certificate Examination (WASSCE) and support for the Girl Child programme in secondary schools.
:Allocation of SLL 500 million (112,000 US$) for the new Barefoot Solar Technicians Training Centre at Konta Line.
:SLL 1.0 billion (224,00 US$) is being provided for the operations of the newly established Youth Commission.
:Allocation of SLL 1.7 billion (380,000 US$) for sports programmes.
:Establishment of The Teacher Service Commission to ensure the effective management of the profession.
:Recruitment of over 4 000 additional teachers, based on a new National Policy on Teacher Training and Development
:Additional resources secured for the construction of more schools and technical vocational institutions
Education and Training Report Extract Below
Many Sierra Leonean children are out of school, too few complete their schooling and fewer get a quality education. In the Agenda for Change, the government is committed to improving access to education, raising the schooling completion rate, and improving the quality of education and teacher training. To this end, the government launched the Professor Gbamanja Commission of Inquiry in 2009 to review the educational sector, which produced a White Paper with recommendations for an overhaul of the education system. Those recommendations are now being implemented.
The government is allocating SLL 76.1 billion to the Ministry of Education, Youth and Sports under the recurrent budget. Grants to tertiary institutions amount to SLL 42.4 billion. An amount of SLL 15.2 billion is being allocated for grants to government boarding schools, payment of examination fees for the West African Senior School Certificate Examination (WASSCE) and support for the Girl Child programme in secondary schools. In addition, an amount of SLL 500 million is being allocated for the new Barefoot Solar Technicians Training Centre at Konta Line. SLL 1.0 billion is being provided for the operations of the newly established Youth Commission and SLL 1.7 billion for sports programmes.
A Teacher Service Commission is being established to ensure the effective management of the profession. Over 4 000 additional teachers have been recruited, based on a new National Policy on Teacher Training and Development, and resources have been secured for the construction of more schools and technical vocational institutions. Grants-in-aid have been awarded to all female students who gained admission to tertiary institutions to study science courses such as mathematics, physics, chemistry, biology and engineering, and for all disabled students who fulfilled admission requirements for tertiary institutions to pursue higher education. Tuition fees are paid for all girls in approved government-assisted junior secondary schools.
Steps are being taken to conduct National School Verification Exercises to weed out "ghost teachers" who do not work but are on the payroll. A National Policy on Technical, Vocational Education and Training have been formulated, and the construction and rehabilitation of eight technical vocational institutes in various parts of the country has been completed. The construction of additional Technical and Vocational Institutes costing USD 9 million is in progress throughout the country. The curriculum for technical and vocational institutes has been revised to include new trades that are attractive to women. Despite all these efforts, the 2010 Millennium Development Goals Progress Report states that it is not certain the Primary Education MDG will be met by 2015.
© AfDB, OECD, UNDP, UNECA African Economic Outlook 2011
Monday, 23 January 2012
URU Metals Mobilise SAN Nickel Teams
URU Metals, LSE:URU the developer of uranium and nickel assets in Africa and South America (SAN) is currently mobilising the Southern Africa Nickel teams at their offices in Joburg, South Africa. URU Metals holds a 45% stake in the SAN Nickel joint venture that consists of the potential world class Zebediela and Burgersfort sulphide nickel projects. The SAN geological and metallurgy teams will move into the URU offices as preparations to move to a potential listing of SAN Nickel gain pace.
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