May 17, 2020

Orogen Gold Ready to Begin 3,000-Metre Drill Programme at Armenian Mutsk Project

Orogen Gold
European Mining
gold mining
Mineral Explorati
Admin
2 min
Drilling at Mutsk
Orogen Gold has announced the mobilisation of a drill rig to commence its 2014 diamond drilling programme at its Mutsk gold project in Armenia.The UK pu...

Orogen Gold has announced the mobilisation of a drill rig to commence its 2014 diamond drilling programme at its Mutsk gold project in Armenia.

The UK public company is targeting extensions of previous gold intercepts and several large newly discovered geophysical anomalies in a plan involving a minimum of 3,000 metres of drilling.

Ed Slowey, Chief Executive of Orogen, commented: "Following on from our encouraging diamond drilling campaign in 2013 and recent geophysics programme which has generated several strong new targets within the permit area, we are pleased to announce the mobilisation of a rig to commence the 2014 follow-on drilling programme at Mutsk. We anticipate an active news flow from the property as work progresses."

The Mutsk Project is located in southern Armenia at about 2,000m elevation and is three hours' drive from the capital Yerevan. Orogen has an exclusive agreement with Georaid CJSC to earn an 80 percent interest in the property by spending a total of US$2.5m by the end of August 2016.

The project was optioned by the exploration experts early in 2013 to follow-up reports of a new epithermal discovery within an established gold district.

It also has interest in exploring for gold in Serbia, at Deli Jovan, the historic high-grade gold mining camp which was last in production prior to World War II and significantly under-explored since.

More on the Armenian project can be found at: http://www.orogengold.com/projects/mutsk-armenia/

Share article

Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

Share article