Nevsun files technical report for Serbian project

MINEX Forum | August 9, 2018
img0 Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN], the target of a $1.4 billion takeover bid from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden], has filed a NI 43-101-compliant technical report for its flagship Timok gold-copper project in Serbia. The report contains details of a prefeasibility study for Timok’s Upper Zone, and a resource estimate for the Lower Zone. ...

Rio Tinto invests $100 mln in Jadar project in Serbia since 2004

MINEX Forum | August 7, 2018
img0 British-Australian mining corporation Rio Tinto has invested $100 million (86.3 million euro) in the development of the Jadar lithium borate discovery in Serbia since 2004, the Serbian government said. “As Jadar can significantly influence the development of Loznica and the whole region, the government has established an inter-ministerial working group to cooperate with the investor ...

Tethyan Resources building value in Serbia; starts drillng at Kizevak target

MINEX Forum | July 30, 2018
img0 Serbia-focused junior explorer Tethyan Resources PLC is making headway in 2018 and is excitingly now drilling at the Kizevak zinc-lead-silver brownfield target. On July 18, the company announced a C$1.5mln placing to advance the Kizevak project, which lies within Taor’s exploration licenses, which lie adjacent to Tethyan’s key Suva Ruda project. Taor acquisition pivotal Indeed, ...

Mundoro and Freeport Sign Earn-In Agreement for Exploration of Two Serbian Timok Licenses

MINEX Forum | July 30, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”) announces it has entered into an earn-in agreement (“Agreement”) with Freeport-McMoRan Exploration Corporation (“Freeport”), in which Mundoro has granted to Freeport an option to earn-in to Mundoro’s Savinac and Bacevica exploration licenses (the “Freeport-Mundoro JV Project”) located within the southern portion of the Timok Magmatic ...

Mundoro announces drill program at Borsko Project in Timok Serbia

MINEX Forum | July 5, 2018
img0 Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company“) is pleased to announce mobilization for drilling at the Borsko Jezero license (“Borsko”).  Borsko is one of the four licenses being sole funded by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as part of the Amended Earn-in Agreement announced August 2016.  Borsko is located in the ...

Erin Ventures boron Piskanja project in Serbia, drilling report updates

MINEX Forum | July 4, 2018
img0 Erin Ventures Inc. received assay results for the first three drill holes from this season’s exploration program on its 100% owned Piskanja boron project in Serbia, with the results meeting management’s expectations. Piskanja is Erin’s wholly-owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 percent B2O3), and an inferred ...

Tethyan raises US$1 million through private placement

MINEX Forum | April 25, 2018
img0 Tethyan Resources (TSXV:TETH) has raised C$1.3 million (US$1 million) through a non-brokered private placement to fund its upcoming exploration and development activities, and add working capital. Upcoming work includes advancing the Rudnitza copper-gold porphyry prospect, the planned acquisition of Serbian company Taor from Balkan Minerals and completing a scout drill programme within Taor’s exploration licences. ...

Rio Tinto could invest more in Serbia

MINEX Forum | April 23, 2018
img0 Prime Minister Ana Brnabic met on Saturday in London during her working visit to the UK with representatives of the global mining and metal group Rio Tinto. Brnabic spoke with Executive Director of Rio Tinto Energy and Minerals Production Group Bold Baatar and Head of Rio Tinto Ventures Andrew Latham, who are in charge of ...