Eritrea is part of the Arabian Nubian Shield, a relatively underexplored area that is known to host valuable minerals including gold, copper, zinc and potash. It was the knowledge that the Arabian Nubian Shield, the home of other gold finds, extended through Eritrea that attracted exploration interest to the small country that borders the Red sea, Djibouti and Sudan.
In terms of mineral exploration, hyperspectral imaging is well developed. Hyperspectral imaging can be used to map vast amounts of land and narrow down the search area for valuable deposits of minerals.
In terms of mineral exploration, remote sensing is a rapidly advancing, and extremely valuable tool. According to Anglo-American, in terms of diamond exploration the average cost per ‘traditional’ kimberlite discovery is US $1 million per kimberlite. By using HyMap (Hyperspectral Mapping) the cost per kimberlite discovery drops down to around US$300,000.
Intrusion-related gold systems, or IRGS, are an important source of gold. They are a new classification of gold deposits, although they have been recognized for some time, it is only over approximately the last 10 years that the have been formally named, and characterized.
Laurion Mineral Exploration Inc. (CVE:LME) reports that the company has intersected significant gold and silver mineralization in three out of four drill holes at the Company's 100% owned Bell Mountain Project in Nevada.
Tarsis Resources Ltd. (CVE:TCC) reports that it closed the private placement of 4,100,000 units at $0.25 per Unit to raise gross proceeds of $1,025,000 On October 1, 2010. The funds will be used to continue to advance the Company’s mineral exploration projects in the Yukon and Mexico to get the projects ready to be optioned [...]
Tarsis Resources Ltd. ( CVE:TCC) reports one million financing subject to acceptance by the TSX Venture Exchange. The financing proceeds will be used for mineral exploration in the Yukon and Mexico, the review of new projects, and general corporate purposes. Tarsis Resources President and CEO, Marc G. Blythe says: “We had the opportunity to expand our [...]
By Kishori Krishnan Exclusive To Gold Investing News Its a gold rush the likes of which the country has not seen in a long time. Dozens of mining companies have recently staked thousands of fresh claims in an area that once teemed with old-time panners and prospectors moiling for gold after digging and finding the [...]
Overview AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa. Ghana has a long history of gold production and with its stable political climate, Ghana makes for an excellent [...]
Overview Alexis Minerals Corporation is a dynamic and aggressive mineral exploration and development company focused on mine discovery in Canada’s richest mining regions, Val d’Or and Rouyn-Noranda, Quebec. Key Points: “Focused on Creating Wealth” Control of 1,005 square kilometres of high-quality exploration properties in two of Canada’s most prolific mining camps Explorer with discoveries Expert [...]
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