Energy & Mining – Weekly Industry News

Stellar Diamonds signs Baoulé diamond pipe JV agreement, By Leandi Kolver, Posted on Mining Weekly

JOHANNESBURG ( – Aim-listed Stellar Diamonds has signed a joint venture (JV) agreement with Guinea-based Société Tassiliman, through which it secured the option to acquire up to a 100% interest in the 5 ha diamondiferous Baoulé pipe, in Guinea. Located in the former Aredor mining concession, which was one of the largest alluvial diamond mining areas in West Africa, the Baoulé area had a history of producing large, high-quality diamonds, Stellar CE Karl Smithson said. “As yet no primary kimberlites have been developed and the Baoulé pipe has many of the hallmarks of a potentially large tonnage project that can be rapidly advanced,” he stated. [Read More…]  

Channel shareholders vote yay for merger, By Esmarie Swanepoel, Posted on Mining Weekly

PERTH ( – The shareholders of Canadian junior Channel Resources have approved the plan of arrangement with ASX-listed junior West African Resources. Votes representing some 48.52% of the outstanding shares of Channel were cast at a recent shareholding meeting, with 99.68% of the votes cast in favour of the scheme of arrangement. “The overwhelming vote of approval for the arrangement confirms our belief that the combination of the two companies is in the best interest of shareholders. For our shareholders, the combination of West African represents an opportunity to participate in fast-tracking exploration and potential development of … [Read More…]  

SEMAFO’s 2013 Soil Sampling Program Identifies New Priority Drill Targets Within the Kokoi Shear Zone, Market Wired

New Pompoi North Permit Granted at Mana – MONTREAL, QUEBEC–(Marketwired – Dec. 9, 2013) – SEMAFO (TSX:SMF)(OMX:SMF) today provided an update on its ongoing soil sampling program at Mana, Burkina Faso, which has identified a strong and continuous north-trending corridor within the Kokoi shear zone measuring more than 14 kilometers long and up to four kilometers wide. The anomaly is located approximately eight kilometers north of the Siou Deposit. Numerous individual samples from the anomalous area returned significant values, with some of the highest returning more than 10,000 ppb Au. [Read More…]

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