Civilization exists by geological consent, subject to change without notice. Will Durant With their four-dimensional minds, and their interdisciplinary ultra-verbal way, geologists can wriggle out of almost anything. John McPhee We learn geology the morning after the earthquake. Ralph Waldo Emerson We live in a society exquisitely…
The JORC (“Joint Ore Reserves Committee”) Code, in effect, defines standards and guidelines for public reports on geological matters, such as those issued by listed companies to ASX. The Code primarily covers reporting of Exploration Results, Exploration Targets (read more here), Mineral Resources and Ore Reserves. It also covers other,…
Earlier this week ZYL announced an update to the Mbila resource. Total JORC-compliant Resources at Mbila now stand at 125 million tonnes of anthracite. The main advance since the last resource statement, in November 2012, is that Measured and Indicated Resources have increased from 39% to 70% of the total…
ZYL has proposed a series of transactions that will lead to the settlement of all legal issues and the raising of sufficient capital to fund ongoing development. This will result in a trebling of issued capital and a total capital raising of $13 million (AUD) over the next year or so. While…
0.39 g/t Gold grade of the Paracatu mine operated by Kinross Gold Corporation in Brazil, believed to be the lowest grade gold mine in the world. It has reserves of 1,461,061,000 tonnes at 0.39g/t for a total of 18,485,000 ounces of gold 3420oC Melting point of Tungsten, the highest…
Today Coppermoly held a General Meeting at the Gold Coast Turf Club to consider several resolutions to replace the existing four man board with four nominees. The incumbent board was returned, but by a very close margin. The average vote of the four resolutions to remove the current board was…