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|Thanks for update 1W.
I wonder will falcon (phil o'quigley)be interested in Y.
Looks like Papua M are making steady progress.|
|Very surprising. " and the Yanfolila project in Mali have all been earmarked for disposal. "
Last couple of quarterlies GF were going to fast track Yanfolila --- Now up for grabs following a major review.
Extract from today's GF Quarterlies:--
Growth and International Projects division break-up and associated expenditure significantly reduced.
Following the announcement on 22 August 2013 of the review of the Group's GIP division, which included all international growth as well as greenfields exploration projects, it was decided during the September 2013 quarter to break-up the GIP Division and significantly downscale all associated growth activities, and to relocate the remaining activities to the existing relevant regional structures.
Greenfields exploration is being reduced from 16 projects around the world to a smaller nucleus of the most promising projects. All other greenfields exploration projects will either be relinquished or disposed of;
In the Australasia region, the key focus will be on brownfields exploration in the Yilgarn South region where Gold Fields has an extensive and highly prospective tenement position associated with its newly acquired and existing
The Arctic Platinum project in Finland, the Woodjam project in British Columbia, the Talas project in Kyrgyzstan and the Yanfolila project in Mali have all been earmarked for disposal. Pending the sale of these projects, the burn-rate on these projects has been reduced. Where disposal proves impractical in the current market environment, some of the projects may be retained for optionality, but with a significantly reduced holding cost. No final decisions have been made on the sale of any of these projects;
Well over 1m ounces proved up on former Glencar block at Komana and project well advanced.
Had stopped posting here but thought this worth putting up !!
|Hi 1waving. Hope you are well?.
Have you seen this ?. ;-)
Gold and an interesting theory .
|GF quarterlies this morning --
Political problems but the major project in the region keeps drilling with a further three prospects are expected to be drilled during the June quarter.
A total of 57,000 metres of drilling was completed in the region on
eight projects covering all stages from target definition to advanced
drilling. Extensive geophysical surveys and soil sampling programmes
complemented the drilling activities to assist with ongoing targeting
and generation of new early stage prospects.
The major project in the region remains the Yanfolila advanced drilling
project in southern Mali. A further three prospects are expected to be
drilled during the June quarter depending on the political situation,
and the additional data generated will be used to update the Komana
scoping study. As a result of a military-led coup d'état which took
place in Mali on 21 March 2012, all expatriate Gold Fields employees
were evacuated from the country on 28 March 2012. Employees
were not endangered during this time. Drilling was suspended by the
contractor on 30 March 2012, but was resumed with two rigs on 13
|Mali getting its act together again I hear from news this am.|
|Many thanks 1W
Thats a hell of an investment by GF.
They must believe in the prospectivity!!!!|
Exploration drilling recommenced at the Yanfolila project in southern Mali
(Gold Fields 85 per cent) in October 2011 and a total of 8,891 metres of
reverse circulation and diamond drilling as well as 13,263 metres of aircore
drilling were completed by December 2011. The drilling programme focused
on three of six additional prospect areas in order to identify additional
resources within 25 kilometres of the central Komana camp. An additional
48,000 metres of reverse circulation and diamond drilling is planned in the
first half of 2012. A further 16,737 metres of aircore drilling is also planned to delineate anomalies identified during geochemical surveys completed during the 2011 field season.|
|Would have been major if done as GF have, however GEX would have gone for start small and build from income generated, with probably an open pit Komama East as the initial producer. Still very costly though.|
|Just a thought ......what would have been the cost of this to GEX?
What would have been the impact on SP?
Highly dilutive, most likely.|
|Lacking in detail, but that's the way their reports are for a project at this stage, as big as the potential may be.
A further 90,000 metres of scoping and in-fill RC and core drilling plus aircore drilling is planned. Put another way that's 900 drill holes to 100 metres each. Major drilling programme to prove up the elephant !|
|Sounds like ..... kicking to touch??????|
|Gold Fields quarterlies today -- extracts:--
From Chairman's statement - Yes it merits a comment from on high now.
At the Yanfolila project in southern Mali, we have completed a
scoping study which indicates that the project requires a minimum
1.5 million ounces resource base to satisfy project thresholds.
Exploration drilling to expand the resource base is scheduled to start
in the December quarter.
A scoping study was completed for the Yanfolila project in southern
Mali (Gold Fields 85 per cent) which indicates the project requires a
minimum 1.5 million ounces resource base to meet internal
investment criteria. Exploration drilling recommenced in the
December quarter at the end of the high rainfall season. Drilling will
focus on expanding the resource base, targeting the mineral potential
already identified at six additional prospect areas within 25 kilometres
of the central Komana camp. An additional 60,000 metres of scoping
and in-fill RC and core drilling is planned. A further 30,000 metres of
aircore drilling is also planned to delineate anomalies identified during
geochemical surveys completed during the 2011 field season.
First pass diamond and RC drilling was completed on the Tinguélé
prospect at the Kangaré project (Gold Fields 90 per cent) in Mali.
Drill testing of an extensive geochemical anomaly intersected broad
intervals of low level mineralisation in the three drill holes completed.
Follow-up drilling is planned for the approaching drill season.
|Thank you 1Waving and hope you are well?.|
Cheers for that and hope you're doing well.|
|Unfortunately GEX was a talented exploration company...but that was all.
The management simply didn't know what to do with what it found. They thought getting into bed with a predator was the answer. Big mistake (for the GEX share holders anyway).
I note Hugh was giving lectures earlier in the year on 'The Exploration History of a Gold deposit in Mali'. http://www.iaeg.org/
I'm sure he was patting himself on the back for all the sterling exploration work he conducted...with GEX shareholder money...for the ultimate benefit of GF shareholders.
Anyway...for those that care it looks like Hugh is currently 'MD' of Ghalu Limited. I assume this is just him freelancing his 'talents'. If anyone wants to know more about gold deposits in Mali you can contact him at email@example.com. Or may be catch one of his future lectures for the Irish Association for Economic Geology.|