Exploration Roundup November 2009 20th November 2009
Kalahari Platinum Project - New Mineral Resource Estimate for the Mira Deposit (13/10/09)
Platinum Australia has announced that initial estimates suggest its Mira Deposit has a total resource of 6.63t at 1.43g/t 3E (platinum, palladium and gold), containing 304,800 oz.
Based on 41 holes drilled last year at the Kalahari Platinum Project, the company also revealed that the deposit has a high grade resource of 1.19t at 3.58g/t 3E, containing 137,300 oz.
Marathon Identifies 1.1 km On-Strike Extension of PGM-Cu Mineralization (14/10/09)
Marathon Pgm Corporation enjoyed encouraging results during recent trenching at Bamoos, located just to the north of its Pgm-Cu Project in Ontario, Canada.
"Trenching has successfully outlined four zones of mineralisation that could potentially expand the resource by over 1,100m north across the Bamoos property and Marathon claims," said President and CEO Phillip Walford.
"Further exploration will test the continuity of mineralisation between these zones and the potential for additional reserves."
Marathon Announces 2009 Q3 Financial Results (11/11/09)
Marathon has also confirmed that it owns about 8,000 hectares of land, with total measured and indicated resources of 4.7 million ounces of pgms and gold.
The company has provided a revised mineral reserve estimate which suggests that mine life could now be 12 rather than ten years, while expected pgm reserves are now 24 per cent higher.
Nortec Acquires the Haukiaho Palladium-Platinum-Gold-Copper-Nickel Project, Finland (15/10/09)
Nortec Ventures has confirmed that it has purchased the Haukiaho Palladium-Platinum-Gold-Copper-Nickel Project in north-central Finland from Vulcan Resources.
The site has a historical non-compliant resource of 27t at 0.98g/t pgm plus gold and a best drill intercept record of 58.1m at 1.27g/t pgm plus gold.
Northam's Booysendal platinum project all set for modular lift-off (16/10/09)
Northam Platinum has provided further insight into the geological and metallurgical make-up of the huge 103 million-ounce Booysendal project in South Africa, Mining Weekly reports.
The prill split at the UG2 reef is 58.6 per cent platinum, 31.4 per cent palladium, 9.2 per cent rhodium and 0.8 per cent gold, and the site has 14.5km of strike length.
About 41 per cent of Booysendal is in the measured and indicated resource categories and 30,000 assay results have been gleaned from the 130 and 170 holes drilled at Merensky and UG2 respectively.
The latter reef is likely to prove favourable for mechanised mining as the grade in the south averages 3.96g/t over a channel thickness of 145cm.
Colossus Minerals Commences Metallurgical Testing on Gold-Platinum-Palladium (03/11/09)
Colossus Minerals has announced that two drill-core samples are receiving initial metallurgical tests at the Central Mineralised Zone of its Serra Pelada Project in Brazil.
The first was found to be 22.7m at 22.52 g/t gold, 8.98 g/t platinum and 15.75 g/t palladium, while the second featured 26m at 21.32 g/t gold, 3.98 g/t platinum and 5.70 g/t palladium.
Noront Resources Reports Exploration Update at McFauld's Lake Project, James Bay Lowlands (03/11/09)
Meanwhile, Noront Resources has been embarking on a number of exploration activities at its McFauld's Lake property, located in the Ring of Fire mineral district in the James Bay Lowlands.
Drilling has started at AT-12, while resources are increasing at the Eagle's Nest deposit and the report and initial chromite resource estimate of the Blackbird deposit are on track.
In addition, the company disclosed that drilling at the Freewest-Noront joint venture has been concluded after the results proved to be less encouraging than expected.
Sylvania Resources targets 350 000 oz/y PGM output at Platreef by 2018 (05/11/09)
Sylvania Resources is planning to commence a two-phased exploration programme at the properties it acquired recently from Platreef.
The company is set to focus specifically on the Grass Valley project by setting up a number of modular 100,000 tonnes-per-month processing facilities.
Phase One should begin by the end of this year, with Phase Two - which will include a bankable feasibility study - scheduled to be completed by mid-2011.
"Our strategy is to develop a series of low cost 100 000-t/m modular flotation plants with a target to produce 350 000 oz pgm per annum by 2018," said CEO Terry McConnachie.
Freewest Update on Exploration Activities on Its 100%-Owned McFaulds Property, Northern Ontario (05/11/09)
Freewest Resources has announced that Black Thor could contain between 278,000 oz and 406,000 oz of platinum plus between 260,000 oz and 381,000 oz of palladium.
Drilling at the potential deposit, located at the McFaulds property, suggests the presence of between 50 million and 60 million tonnes of pgms.
NAP Announces Third Quarter Results (13/11/09)
Finally, North American Palladium has bought the Harricana North property and snapped up a 50 per cent interest in the Laflamme gold property, both located in the Abitibi region of Quebec, Canada.
The company spent $2.6 million exploring the Offset, Cowboy, Outlaw and West Pit zones at its Lac des Iles mine during Q3 2009.
© Adfero Ltd

Bookmark Using:
Send by email Share on Facebook Tweet this LinkedIn Digg it Bookmark with Delicious Subscribe to Feed Print this page