De Grey Expands Drill Program at Mallina

De Grey Mining announced that a focused drilling program has commenced at Mallina with 1 diamond rig and 2 RC rigs operating.

De Grey Mining (ASX:DEG) announced that a focused drilling program has commenced at Mallina with 1 diamond rig and 2 RC rigs operating.

As quoted in the press release:

Highlights:

  • Resource extension drilling campaign has commenced.
  • Recent drilling and a detailed geological review confirm the potential for near surface (<100m) high grade mineralisation to extend along strike and at depth.
  • Examples of the broad nature of near surface gold mineralisation include:
    56m @ 3.0g/t from 14m in MLRC214D (incl 30m @ 5.3g/t from 34m)
    22m @ 4.1g/t Au from 9m in MLAC037 (incl 7m @ 11.6g/t Au from 23m) and
    14m @ 4.9g/t Au from 36m in MLAC037 (incl 9m @ 7.0g/t Au from 37m)
    16m @ 3.0g.t Au from 32m in MLRC215 (incl 6m @ 4.7g/t Au from 42m)
    28m @ 2.3g/t Au from 41m in MLAC052 (incl 2m @ 9.6g/t Au from 63m)
    Mineralisation is now present over +7km strike length with incomplete, shallow
    (<100m) drilling to date testing less than 3 km of the system
  • +10,000m RC and diamond drilling (1 DD rig, 2RC rigs) scheduled to be completed by
    mid-December.

Click here for the full text release

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Keep reading... Show less

Rio Tinto Exploration and Calibre Mining Initiate 2021 Exploration Program Including 5,500 Metre Drilling Campaign Prioritizing Prospective Near-Surface Copper and Copper-Gold Mineralization

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on the Borosi exploration project held under an earn-in option agreement between Rio Tinto Exploration (LSE:RIO) (“RTX”) (“Rio Tinto”) and Calibre. Calibre controls a 100% interest in the Borosi concessions located in the prolific Mining Triangle region of northeastern Nicaragua. RTX has the right to earn a 75% interest by spending US$45 million over eleven years in the project ( see Calibre news release dated February 24, 2020 ). The Borosi exploration program is being directed by RTX through a partnership agreement with Calibre as project operator.

Highlights

Keep reading... Show less

FDA Approves Trodelvy®, the First Treatment for Metastatic Triple-Negative Breast Cancer Shown to Improve Progression-Free Survival and Overall Survival

Trodelvy Significantly Reduced the Risk of Death by 49% Compared with Single-Agent Chemotherapy in the Phase 3 ASCENT Study –

– Trodelvy is Under Regulatory Review in the EU and in the United Kingdom, Canada, Switzerland and Australia as Part of Project Orbis

Keep reading... Show less

Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties

Rio Tinto today released its 2020 Taxes paid: Our economic contribution report , which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties.

Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties.

Keep reading... Show less

Top News

Related News