EXPLORATION & DEVELOPMENT

EAGM finds new high-grade deposit

EAST African Gold Mines' decision to delay its proposed IPO until early 2003 has been boosted by sensational gold intercepts from its new Gokona prospect in Tanzania, which could boost production from the recently commissioned US$100 million North Mara operation.

Michael Quinn

The latest drill hits at Gokona include 25m at 89.5 grams per tonne gold, 28m at 14.9gpt, 16m at 15.9gpt and 17m at 25.7gpt. EAGM executive chairman Geoff Stewart has been quoted as saying the intersections...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.