Articles for tag: Alpha, drill, Eritrea, expand, Gold, Kerkasha, project, results, zones

April 26, 2024

Ron Finklestien

mining

Alpha drill results expand gold zones at Kerkasha project in Eritrea

Alpha has completed its first stage of more than 6,000 metres in a 20,000-metre drilling program at the site 135 km from Asmara, the capital of the northeast African country. The drilling was designed to test mineralization down plunge of the current mineralized lenses at Aburna, the company said in a release. “Drill hole ABD113 in the Northeast area has further confirmed the plunging high grade mineralized orientation at Aburna, extending the principal shoot down plunge,” president and CEO Michael Hopley said in Friday’s release. “The company is now well funded to accelerate exploration on the Aburna gold prospect as

January 19, 2024

Ron Finklestien

mining

Exploring the Exciting Findings of Founders in Suriname Exploring the Exciting Findings of Founders in Suriname

Founders Metals has made an electrifying discovery in Suriname, cutting through high-grade zones that have sent ripples through the mining world. The company achieved remarkable results, with highlights such as 10.5 meters grading at 2.81 grams of gold per tonne from 14.1 meters down the hole. These incredible finds are set to revolutionize the economic outlook, with President and CEO Colin Padget expressing excitement over the near-surface gold intervals that could enhance the potential for an open-pit mining scenario. Targeting a resource estimate for next year, Founders is poised to challenge the dominance of Newmont’s Merian and Zijin Mining’s Rosebel