Modern Mining September 2017

MINING News

Algold granted mining licence for Tijirit Algold Resources, listed on the TSX-V, reports that the Mauritanian Council of Ministers has issued a formal decree granting a 30-year min- ing licence for its Tijirit gold project.

completed several rounds of financing to raise over $20 million, including $3,7 million from Mauritanian partners, built a growing exploration camp, carried out 45 000 metres of drilling in three phases, filed a NI 43-101 compliant resource report and received the formal grant of a 30-year mining lease from the Government of Mauritania,” added Algold Chairman Benoit La Salle. “Algold has made significant progress in a short period of time and we plan to continue to build on this suc- cess with a focus on execution and results.” 

“This milestone is a significant achievement for both Mauritania and Algold. It is an impor- tant step in our growth plan for Tijirit, as well as for the development of other deposits within the licensed area, which extends over some 300 km 2 ,” said François Auclair, Algold’s CEO. “In less than 18 months, Algold has success- fully acquired a highly prospective property,

Drilling at the Tijirit gold project in 2016 (photo: Algold Resources).

Lucara completes capital projects at Karowe within this size fraction. The commissioning of the circuit has been completed and verifi- cation of the diamonds recovered within this size frequency distribution is being confirmed against historical recoveries.

Canada’s Lucara Diamond Corp has announced the completion of the Mega Diamond Recovery (MDR) and the Sub-middles XRT cap- ital projects at its Karowe mine in Botswana within budget and ahead of schedule. The company’s MDR circuit treats material in the size range between 50 mm and 120 mm and is located directly post the primary crusher and ahead of the process plant. This design maximises the upfront recovery of exceptional diamonds prior to the comminution processes where diamond damage may occur and reve- nue lost. Commissioning of the circuit has been completed and the systemhas been integrated into the existing process stream. The Sub-middles XRT circuit processes material in the size range between 4 mm and 8 mm. The circuit has replaced the need for a dense medium circuit and five diamond recovery unit processes for treating diamonds

“The commissioning of the MDR and Sub- middles XRT circuits advances the company’s ability to efficiently recover its diamonds and maximise value for its exceptional diamonds,” saidWilliam Lamb, Lucara’s President and CEO. “The Sub-middles XRT circuit cost effectively processes the variable yield material from the south lobe through the utilisation of a single unit process which reduces feed to the more costly concentration and recovery pro- cessing units. The completion of these two capital projects concludes our major capi- tal expenditures for upgrading the process facilities, all of which have been funded from internal cashflows.” 

September 2017  MODERN MINING  9