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14
MODERN MINING
July 2016
MINING News
ASX-listed Burey Gold has reported results
from the first 10 RC drill holes at its Douze
Match target area which lies immediately
south of a dominant granite intrusion in
the NW portion of PE 5049 on its Giro gold
project in the Moto Greenstone Belt in
the north-east of the DRC. The shallow RC
Bauba Platinum secures Mine Right for Moeijelijk
JSE-listed Bauba Platinum reports it has
successfully secured a 20-year Mine Right
for chrome on the Farm Moeijelijk 412 KS
from the Department of Mineral Resources.
Chief Executive Officer of Bauba, Nick
van der Hoven, commented: “I am very
pleased to announce the fulfilment of the
legislative conditions for the continuation
of mining operations, beyond that permit-
ted under the Small Scale Mining Permit
received in November 2014, as this will
enable the company in the foreseeable
future to continue its pursuit of being both
a cash generating chrome producer and an
exploration company.”
Bauba has, during the second quarter
of 2016, also concluded discussions with
certain parties regarding the planning
of underground chrome operations on
Moeijelijk which are to be undertaken under
the Mine Right at an anticipated 30 000
tonnes of run of mine chrome ore per month.
The company says the development of
the underground mining operations may
possibly commence either during the last
quarter of 2016 or during the first quarter of
2017, subject to the granting of a pending
Water Use Licence application and prevail-
ing market conditions.
The development of underground min-
ing operations would run parallel with the
opencast operations, consequently render-
ing a significant increase in tonnages to be
mined monthly.
Australia’s Cradle Resources, listed on
the ASX, has announced a maiden ore
reserve estimate – 20,6 Mt at a Nb
2
O
5
grade of 0,68 % – for the Panda Hill
Drilling at Giro gold project yields exceptional grades
Diamond drilling in progress at the Giro gold project in the DRC (photo: Burey Gold).
drilling programme was designed to test
approximately 1 km of the soil anomaly
which extends over 4 km x 2,5 km at Douze
Match.
Significant intercepts from the drilling
include 2 m at 196 g/t Au from 12 m and
15 m at 255,6 g/t Au from 15 m, including
3 m at 1 260 g/t Au from 15 m; and 33 m
at 6,1 g/t Au from surface including 3 m at
34,7 g/t in laterite.
“These are exceptional results from
this initial shallow drilling programme at
our newest target at Douze Match,” com-
ments Burey’s Chairman, Klaus Eckhof.
“The results from hole DM-RC003 are
better than anything I have seen in my
Moto-Kibali experience. Finding such
high grade this early on the Douze Match
anomaly suggests we have discovered
a potential company-making prospect
where we will now focus on testing along
strike and to depth.
“Further drilling will continue to define
the extent of the mineralisation and also
target greater depths down to 100 m.
While high grade occurrences are com-
mon in the region, we have never seen
intercepts of these exceptional grades.”
The Giro gold project comprises two
exploitation permits covering a surface
area of 610 km² in the Kilo-Moto Belt, a sig-
nificant under-explored greenstone belt
which hosts Randgold Resources’ 17-mil-
lion ounce Kibali group of deposits, lying
within 30 km of Giro.
Cradle declares maiden resource for Panda Hill
niobium project in Tanzania. The proj-
ect is located in the Mbeya District
in south-western Tanzania, approxi-
mately 650 km west of Dar es Salaam.
The industrial city of Mbeya is situated
only 26 km from the project area.
The reserves are reported in accordance
with JORC Code (2012) and incorporate the
results of the recently completed Cradle
Definitive Feasibility Study (DFS) inclusive
of the extensive investigations and work
carried out since 2012 by Cradle and, more
recently, by Panda Hill Tanzania Limited
(PHT). Cradle owns 50 % of PHT which in
turn owns 100 % of the project.
The ore reserve estimate assumes that
the project commences at a throughput of
1,3 Mt/a and is ramped up to 2,6 Mt/a after
four years of production and is based on
the mine designs generated from the first
three pushbacks defined in the DFS.
The mine will consist of an open-pit
operation using conventional back-hoe
type excavators loading both ore and
waste onto a fleet of 90-t haul trucks. Drill
and blast will be required and a bench
height of 5 m has been assumed with load-
ing on 2 x 2,5 m flitches.