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Canadian Firm Acquires Uranium Property
VIPR Industries Inc. of Canada has completed its acquisition of the Manyoni Uranium Property, which it described in a statement yesterday as highly prospective.
The company said surveys have established strong potential for significant uranium mineralization at the property in Singida Region. Its president and chief executive officer Mike Gerstner said the property demonstrates excellent potential [...]
Ethiopia licenses Swedish firm to explore oil
Lundin Petroleum AB of Sweden — through its subsidiary, Lundin East Africa — will commence oil exploration in Ethiopia before the end of the year.
Exploration manager James Phillips told The EastAfrican during a stopover in Nairobi that all the necessary agreements had been signed with Ethiopian authorities.
Keen to sign as many exploration contracts as possible [...]
Tanzanian Royalty Announces Second Quarter Startup For Kabanga Nickel Program
The Company is pleased to announce that a decision has been made to commence work on its extensive nickel holdings in Tanzania during the second quarter of 2007. The decision coincides with an announcement by Xstrata and Barrick to proceed with a pre-feasibility study for their Kabanga Nickel Project which is situated within the same [...]
Tanzanian Royalty Chairman Completes Eighth Tranche of C$3 Million Private Placement and Advances C$1,117,000
Tanzanian Royalty Exploration Corporation confirms that the eighth tranche of the private placement (the “Placement”) by James E. Sinclair, the Company’s Chairman and CEO, announced on February 1, 2007 closed on February 13, 2007. The eighth tranche consists of 56,467 common shares of the Corporation having a purchase price of $6.641 per share for proceeds [...]
Banro completes initial drilling program at Twangiza with further wide zones of gold mineralization intersected
BANRO COMPLETES INITIAL DRILLING PROGRAM AT TWANGIZA WITH FURTHER WIDE ZONES OF GOLD MINERALIZATION INTERSECTED
Drilling results include 211.68 metres grading 2.41 g/t Au, 91.63 metres grading 2.16 g/t Au, 55.90 metres grading 5.99 g/t Au and 11.30 metres grading 5.05 g/t Au
Toronto, Canada – January 23, 2007 – Banro Corporation (”Banro” or the “Company”) (AMEX [...]
Global Gold Appoints Hrayr Agnerian Senior Vice President
Global Gold Corporation (OTCBB: GBGD) (www.globalgoldcorp.com) is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down [...]
Global Gold Appoints Hrayr Agnerian Senior Vice President
Global Gold Corporation (www.globalgoldcorp.com) is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down from the [...]
Lundin Mining Makes Strategic Investment in Sanu Resources
Lundin Mining Corporation (”Lundin Mining” or the “Company”) (TSX:LUN.TO – News)(AMEX:LMC – News)(Shenzhen:LUMI.SZ – News) is pleased to announce that, subject to regulatory approval, it has entered into a financing arrangement with Sanu Resources Ltd. (”Sanu”). Sanu is a publicly traded mining company listed on the TSX Venture Exchange (TSX VENTURE:SNU.V – News), pursuant to [...]
East Africa: Region to Market Its Oil Potential in Arusha Meeting
With the recent landmark discovery of commercially viable oil and gas deposits in East Africa, the East African Community (EAC) member states are now seeking to formulate policies to ensure successful oil exploration ventures can be attained throughout the region.
To this end, the third East African Petroleum Conference on the petroleum potential and investment opportunities [...]
