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Proactive weekly mining highlights: Ariana Resources, Thor Mining, Ferro-Alloy Resources, BlueRock Diamonds...

There's rarely a quiet week for the junior mining sector

Ariana Resources PLC -

Ariana Resources PLC (LON:AAU) told investors it has unearthed a new high grade gold vein at the Kiziltepe mine in Turkey. Discovered in the hanging-wall of the Arzu South part of the mine, the vein showed testing yielded grades of up to 6.09 grams per tonne plus 107.58 grams per tonne silver.

Ferro-Alloy Resources Limited (LON:FAR) shares jumped higher on Wednesday as the company revealed that it has developed technology for the production of electrolyte for vanadium flow batteries (VFBs). The vanadium mining and processing company said it has applied for a patent for the production of vanadium electrolyte directly from ammonium metavanadate (AMV). Vanadium electrolyte is used in the operation of VFBs.

Thor Mining PLC (LON:THR) shares jumped on Wednesday as the company said assays from the latest stream sediment sampling program at the Ragged Range project in its Pilbara Goldfields tenements in Western Australia have “exceeded management expectations”, with samples defining a zone of “highly anomalous gold”.

Scotgold Resources Limited (LON:SGZ) has said construction and development activities at the Cononish gold and silver project are progressing well, with the first gold pour from the Scottish mine expected before the end of November. The company said underground development at Cononish has benefited from the arrival on site of the previously announced standby ST2G scoop tram while the first of two new T1D drill rigs is currently in transit.

BlueRock Diamonds PLC (LON:BRD) said a 12.12 carat diamond recovered from its Kareevlei diamond mine in South Africa in July has been valued at US$104,000. BlueRock later reported that in August it processed 41,000 tonnes of ore from the main pit of its Kareevlei mine in South Africa, with the diamonds mined improving significantly to an average grade of 5.1 carats per hundred tonnes.

Bluerock said it had sold 3,805 carats of gemstones last month for an aggregate consideration of US$1,255,000. The group said it is changing its policy on the announcement of individual diamond sales.

Bushveld Minerals Limited (LON:BMN) has told investors that the ramp-up of operations following the coronavirus (COVID-19) pandemic lockdown has continued and it expects annual group production to be up by 25%-35% compared to 2019.

Karelian Diamonds Resources PLC (LON:KDR) has started fieldwork at the licence adjacent to its Lahtojoki deposit in Finland. Kimberlite boulders have previously been discovered in the Lahtojoki South area, said Karelian, and the programme is designed to recover these.

Power Metal Resources plc (LON:POW) provided a business operational update outlining the current status of operations across its six existing projects and two projects under due diligence, including plans to start drilling on two significant drill programmes in Botswana and Tanzania this year.

Premier African Minerals Limited (LON:PREM) has provided an initial update on its recent site visit and preliminary geological review of the Mozambique tenement it recently secured.

MetalNRG PLC (LON:MNRG) has highlighted “good progress” to date on a number of projects as it delivered results for the first half of its current year.

Landore Resources Ltd (LON:LND) told investors that a new drill programme is slated to start in October at the BAM Gold Deposit, Junior Lake property, in Canada.

Castillo Copper Limited (ASX:CCZ) (LON:CCZ) has taken another key step towards its goal of becoming a mid-tier copper producer by appointing a lead contractor for upcoming drilling at two high-priority targets within the Mt Oxide Project in Queensland.

Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) has completed EPCM phase two work for the Colluli Potash Project in Eritrea, East Africa, with the updated FEED and schedule providing a more defined scope and de-risked design.

Sunrise Resources PLC (LON:SRES) told investors that no objections were received in the appeal window, which has closed following the approval of its proposed mining operation in Nevada.

Shanta Gold PLC (LON:SHG) has provided investors with a pair of updates which together bolster the New Luika gold mine, where production and exploration activities are ongoing, and said it has total group-wide mining reserves of 653,000 ounces plus 3.2mln ounces of total resources. 

Kodal Minerals PLC (LON:KOD) has lined up a collaboration agreement with Chinese engineering firm Sinohydro to work on the company’s Bougouni lithium project in southern Mali.

Pan African Resources plc (LON:PAF), the South Africa-based gold miner, said its underlying earnings per share for the year to end-June, 2020, will be at least 87% higher than a year ago.

Metal Tiger PLC (LON:MTR) said it has participated in a “significantly oversubscribed” fundraising by Southern Gold Limited, which has raised A$10.2mln.

Earlier in the week, Metal Tiger said it has invested around £165,000 for a 0.5% stake in Canyon Resources Limited (ASX:CAY), an Australian-listed firm focused on developing the Minim Martap bauxite project in Cameroon.
 
Savannah Resources PLC (LON:SAV) has agreed to sell its copper projects in Oman to Australian firm Force Commodities Ltd (ASX:4CE).

Caledonia Mining Corporation PLC (LON:CMCL) has raised US$13mln to pay for construction of a solar power plant to supply electricity to the Blanket gold mine in Zimbabwe.

San Leon Energy PLC (LON:SLE) has agreed to a new US$7.5mln investment into the Oza oil field, in Nigeria, via a loan agreement with Decklar Petroleum, a subsidiary of Asian Mineral Resources (CVE:ASN).

Alien Metals Ltd (LON:UFO) is to raise £1.25mln by issuing shares at 0.55p each from a share placing and subscription with the proceeds earmarked for a range of exploration activities across the company's portfolio in Mexico and Western Australia.

W Resources PLC (LON:WRES) has updated investors on the amendment to a loan facility provided by BlackRock Financial Management Inc.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS: WHELF) non-executive directors have demonstrated their confidence in the company’s sulphate of potash (SOP) strategy by participating in an entitlement offer.

Alien Metals Ltd (LON:UFO) has appointed Bill Brodie Good as the company’s new chief executive with immediate effect.

Amur Minerals Corporation (LON:AMC) announced that it has appointed Adam Habib as its president and an executive board member with effect from September 1, 2020.

Galileo Resources PLC (LON:GLR) has appointed Ed Slowey as its new technical director with immediate effect as Andrew Sarosi retires. The company also said it is presently in the process of finalising the appointment of a new finance director, subject to the usual regulatory checks.

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