Chalice Gold Mines Limited (TSX: CXN) reported the completion of the US $78 million sale of the Zara Gold Project in Eritrea to China SFECO Group. As quoted in the press release:
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Chalice Gold Mines' joint venture firm Zara Mining Share (ZSMC) has signed a mining agreement with the Government of Eritrea for the financing and development of the Koka gold mine at the Zara project in West Africa. The Koka gold mine has a probable mineral reserve of 760,000oz at a grade of 5.1g/t gold and an indicated mineral …
Chalice Gold Mines has announced a joint ownership agreement with the Eritrean National Mining Corporation that it says will underpin funding for the development of the Zara gold project in Eritrea.
The Koka gold deposit is located in northern Eritrea, ~115 km NNE of the Bisha VHMS deposit and 165 km NNW of Asmara (#Location: 16° 29' 53"N, 37° 58' 16"E). Artisanal working are known over the Koka area since at least the mid 1990s. The 400 km 2 Zara Prospecting License was granted to Dragon Mining Limited in 1998, which was reduced …
The Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), started commercial production of gold in 2016. Sichuan Road & Bridge Mining Investment Development Corp. plans to begin mining next year near the capital, Asmara. The mine, which is expected to produce an …
Kerkasha Exploration License. Ownership Alpha. Area = 771km². Four (4) areas of Colonial (Italian) workings currently identified. Six (6) Artisanal gold mining Prospects currently identified. Located in highly …
The Zara Gold Project is a gold mine in Eritrea. It is currently in operation. Empower your strategies with our Zara Gold Project report and make more profitable business decisions. Note: This is an on-demand report that will be delivered upon request. The report will be delivered within 2 to 3 business days of the purchase, excluding …
Koka is forecast to produce an average of 110 000 oz/y of gold at a cash cost of. $424/oz over a six-year mine life. There is also the potential to increase project economics by further optimising ...
13 January 2022. Alpha Exploration explores "last frontier" in Eritrea. Newly listed Alpha Exploration (TSX-V: ALEX) is confident that it is sitting on substantial gold, copper, and …
The Asmara project, a group of four deposits on the outskirts of the capital, holds 574,000 tonnes of copper, 930,000 ounces of gold and 1.2 million tonnes of zinc.
Asmara to Massawa Railway - Eritrea. Alpha Key Highlights. STATEMENT. Alpha Exploration Ltd is an Exploration Company focused on the discovery of world class …
zara gold project mine in eritrea - africar-hire.co.za. East Africa Metals Inc. - Harvest Project - Tue Aug 7, 2018. East Africa Metals' Harvest Project is located 600 kilometres north of Ethiopia's the one million ounce gold discovery at Koka-Zara in central Eritrea and the 140,000 EAM, through its Ethiopian subsidiary company Harvest Mining PLC, has
The Company is focused on developing the Koka Gold Deposit into a low cost gold mine which is expected to produce 104,000 ounces of gold per year over a 7 year mine life at an average cash cost of ...
Middletons acted on behalf of Chalice Gold in the sale of its 60% interest in the Zara Gold Project in Eritrea to China SFECO Group for US$80 million. This follows Chalice's arrangement in July 2011 to sell a 30% interest in the project to Eritrean National Mining Corporation (ENAMCO) in addition to its 10% free carried agreement.
Kerkasha Exploration License – Eritrea. The Kerkasha Exploration License Agreement granted on the 10 January 2018, currently covers an area of 771km² and is valid for 5 years with the ability to extend the life on an annual basis. The license area has the potential for gold & base metal mineralisation. There is the ability to negotiate time ...
Chalice Gold Mines Ltd has confirmed the sale of its remaining 60% stake in the Zara gold project in Eritrea to the China Shanghai Corporation for Foreign …
PERTH, Western Australia, Dec. 28, 2011 /PRNewswire/ - Chalice Gold Mines (ASX: CHN; TSX: CXN) announces that it has entered into a conditional shortform …
Chalice Gold Mines ()() has moved closer to development of its Koka Gold Mine at the Zara Project after executing an agreement with the Government of the State of Eritrea. Chalice's 60 per cent ...
The Company is focused on developing the Koka Gold Deposit into a low cost gold mine which is expected to produce 104,000 ounces of gold per year over a 7 …
Chalice sells Zara to SFECO. World > Africa. 06 January 2012. Chalice Gold Mines Ltd has confirmed the sale of its remaining 60% stake in the Zara gold project in Eritrea to the China Shanghai ...
Bisha Project is located at about 150km west of Asmara in Eritrea, East Africa. The mining project is a major deposit of volcanogenic massive sulphide (VMS) mineralisation. The VMS mineralisation is rich in base and precious metals such as gold and silver oxides, as well as copper and zinc sulphides. Bisha is the first-of-its kind in …
The Koka gold deposit is located in the Elababu shear zone between the Nakfa terrane and the Adobha Abiy terrane, NW Eritrea. Based on a paragenetic study, two main stages of gold mineralization ...
Sunridge Gold Corp. (SGC/TSX) is a Canadian, mineral exploration and development company engaged in exploration and development of base and precious metal deposits partially surrounding Asmara. Hence collectively the project is known as the Asmara project and includes the Medrizien,Adi Nefas and Debarwa concessions.
Sunridge Gold Corp. is a Canadian junior development company that has successfully defined four independently estimated NI 43-101 mineral deposits on the Asmara Project in Eritrea. A feasibility ...
By Dan Wilkie. Chalice Gold Mines has announced a joint ownership agreement with the Eritrean National Mining Corporation that it says will underpin …
Mining is the most obvious prospect for short-term job creation in Eritrea. Combing through the desert in Debarwa, a short drive away from Asmara, a deposit of gold, copper and zinc was found. The government signed a deal with Nippon Mining, a Japanese firm, to build an 180m headframe to drill deep beneath the earth and extract mineral …
• Developments: Australia (Banderol, Highway, Butcherbird, Kingfisher, Mystery, Culculli Au deposits & Jundee Au Mine). Guinea (Siguiri Au Mine). Tanzania (Buzwagi Au-Cu Mine …
Direct. On April 26, 2016, Sunridge Gold Corp. completed the sale of its 60% interest in Asmara Mining Share Company ("AMSC") to Sichuan Road & Bridge Mining Investment Development Corp. Ltd. ("SRBM"). The Asmara Project is held by Asmara Mining Share Company ("AMSC") of which Sunridge Gold Corp. owned 60% of the shares and …
Chalice Gold Mines' joint venture firm Zara Mining Share (ZSMC) has signed a mining agreement with the Government of Eritrea for the financing and development …
Zara Mining Share Company (ZMSC); the wholly owner of Koka Gold Mine Project, started importing underground (UG) mining machinery required for mining of the high grade Koka South Gold Deposit (southern extension of the 1 MOz's Au Koka Deposit). The imported "SITON" UG mining equipment's include; dump trucks, bulldozers, UG drill …
Mining and Exploration Activities in Eritrea. Friday, 23 November 2012 08:34 ... Zara Mining Share Company ... is expected to produce 104,000 ounces of gold per year over a 7 year mine life at an average cash cost of US$ 338/oz gold. A mining agreement has been signed with the MoEM in January.
12 January 2022. Alpha Exploration explores "last frontier" in Eritrea. Newly listed Alpha Exploration (TSX-V: ALEX) is confident that it is sitting on substantial gold, copper, and …
the Adola gold belt in Ethiopia and the Koka gold field in Eritrea (Zara gold mine) and has been a lecturer at Asmara University. Scott McKeag – Project Manager (Anagulu) BSc (Earth Science), California Polytechnic University-Pomona (1982), MSc (Geology), University of Otago, New Zealand (1987):
Tagged: Zara Gold Project Eritrea . Follow: HEROIC FEAT ANCHORED ON COHESIVE RANKS! Premium Themes.
The Koka (Zara) gold mine, is the main open pit of the deposit, and is located in the Elababu shear zone (ESZ) that separates the Nakfa terrane in the east from the Adobha Abiy terrane in the west. The gold-bearing quartz veins commonly occur as reticular veins, with branching and converging features, and have locally expanded to form lens ...
T he Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%), have …
ZMSC is a joint venture that is owned by SFECO (60% equity) and the state-owned Eritrean National Mining Corporation (ENAMCO) (40% equity). The purpose of this project was to develop the Zara gold mine, which is located in the Elababu shear zone between the Nakfa terrane and the Adobha Abiy terrane in northwest Eritrea.
Contact Details for Project Information Chalice Gold Mines, tel +618 9322 3960, fax +618 9322 5800 or email info@chalicegold. MiningWeekly provides real time news reportage through ...
The Koka Gold Mining project in Eritrea is one of the few mining projects that are owned by Chinese companies. Its operator, the Zara Mining Share Company (ZMSC), is a Gold focused company owned 60% by China SFECO Group, which is a subsidiary of Shanghai Construction Group and 40% by Eritrean State mining company …