Goldplat (LON:GDP) has completed a JORC-compliant resource statement for the tailings storage facility at its gold recovery operations in South Africa.
Applied Geology and Mining carried out the survey and estimates a total of 81,959 ounces of gold, 216,094 ounces of silver, and 193,276 pounds of uranium oxide.
Gerard Kisbey-Green, chief executive, said: "This is a great result for Goldplat - the amount of gold estimated is in the order of what we were hoping for and the silver and uranium is an added bonus!”
Berkeley Energia (LON:BKY) appears to have found exactly what it was looking for from its Zona 7 deposit - more near-surface, high grade uranium.
The latest drilling results, from just three holes, will hopefully help improve further the overall economics of the larger Salamanca Project, in western Spain, which includes Zona 7.
The exploration team found a 48-metre section triuranium octoxide, a compound of the radioactive element, weighing in at almost 1,100 parts per million (ppm). The more eye-catching results included five metres at almost 12,000 ppm, 14 metres at 4,481 ppm and nine metres at almost 2,000 ppm.
Shares in Galantas Gold (LON:GAL,CVE:GAL) rose strongly after latest drilling at its Omagh project in County Tyrone, Northern Ireland identified the largest accumulation of gold discovered so far as the site moves closer to becoming a producer once more.
Just how significant was Atalaya’s (LON:ATYM, TSE:AYM) declaration earlier this month that commercial at Rio Tinto will begin on 1st February? On one level, it was normal course of business for a mining company making the transition from developer to producer.
Certainly, chief executive Alberto Lavandeira wasn’t putting any bells and whistles on the announcement when speaking on the phone from Spain shortly afterwards.
A record-breaking performance from its New Luika mine in Tanzania in the last two quarters of 2015 marked a strong recovery from a difficult start for Shanta Gold (LON:SHG).
New Luika is the company’s major asset and getting the mine back on track after first half re-development problems enabled it to finish the year with higher production, lower debts and sharply reduced costs.
It was a handy combination for the junior miner in the current tough climate and the shares initially jumped more than 10% both on the numbers and management’s upbeat tone.
Stratex International (LON:STI) has appointed financier and M&A specialsit Chris Worcester to as independent non-executive director, with effect from 1 February 2016.
Noricum Gold (LON:NMG) has raised £1mln to fund exploration of its Bolnisi copper-gold project in the Republic of Georgia.
Arian Silver (LON:AGQ) has raised £750,000 of new equity funding to invest in its mining concessions in Mexico.
Weak coal prices have prompted royalty income specialist Anglo Pacific (LON:APF) to reduce its dividend for 2015. Anglo Pacific gets an income stream from two coal mines in Australia, Kestrel and Narrabri. The mines' performances were better than expected but coking and thermal coal prices fell between 15% and 25%.
Xtract Resources (LON:XTR) has put the re-start of processing at its Chepica mine in Chile after a final visit by the country’s Inspector of Mines was delayed. The visit has now been confirmed for 1 February 2016, when Xtract expects to be granted approval to restart the plant.
Bezant Resources (LON:BZT) has taken ownership of a string of alluvial platinum licences in Colombia after completing the acquisition of Leeward Islands Exploration. Bezant paid US$1mln cash and 37.3mln in new shares for Leeward, which has options over 2,750ha of near-surface licences in the Choco district.
Tungsten miner Premier African (LON:PREM) said significantly higher amounts of ore at its RHA project in Zimbabwe has been identified by a new pit review. Premier is assessing how effective using x-ray sorting technology will be at the planned open pit at RHA.
Eurasia Mining (LON:EUA) remains on progress for first platinum production this year from its alluvial project West Kytlim in Russia. The contractor for the power line construction has started engineering and ecological studies to back up the planned route surveyed last month.
A detailed surface mapping programme at two targets adjacent to its Los Calatos project in Peru has confirmed then as high priority, said copper explorer Metminco (LON:MNC). Both the TD2 and TD3 targets share many similarities with the key features of Los Calatos, Metminco added.