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There are indications that Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania, could host a chonolith-type nickel sulphide deposit. The company would, therefore, push ahead with preparations for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka Hill, where it hoped to determine the existence of disseminated or massive sulphide mineralisation and define a future larger drilling programme, Katoro executive chairperson Louis Coetzee said in a statement on Wednesday.
In its pursuit to declare a mineral resource estimate for the Uis tin mine, in Namibia, Aim-listed AfriTin Mining has shared the remaining assay results over ten holes from its resource validation drilling programme.
Significant intercepts from drilling on the project’s V1 and V2 pegmatites include 40.50 m at 0.15% tin and 108 parts per million (ppm) of tantalum, 108 m at 0.17% tin and 56 ppm tantalum, and 86 m at 0.16% tin and 69 ppm tantalum.
Dual-listed DRDGold on Wednesday announced that Malaysian exploration company OroTree had elected not to exercise an option to acquire the mining infrastructure assets to access the deep underground ounces of East Rand Proprietary Mines (ERPM). OroTree had, in February, acquired the mining rights and prospecting right of ERPM and had until June 30 to exercise the option to acquire the infrastructure assets.