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They are trying to bring down PPS before fins are out eh?
Here we go guys l2 thin on ask!!
.017 resistance? Lets slap some ask!!
No need to educate how to grow because the company will be the one growing it. Its just to better educate all people and how to use or what its uses are AFTER the plant is grown. They ARE obviously growing it if you didn't get the description first time around; They started to plant on June 6, 2013 and on June 24 gave us an update! Read the news on their website!
The publicly-traded company, Hemp, Inc., announced its plan for a hemp cosmetic line, hemp textiles and hemp construction materials in order to bring as many hemp products to the market as possible.
GOOD NEWS!! Interview with Bruce about Hemp Inc's industrial plans!!
How'd it close green on all sales lol
Good question that is real current. What are they hiding?
Yeah your right. Just a rookie here so still in the infant stage if trading :)
56 cent took the PPS down by 6.7% and who would sell to get 56 cent back lmao there's something going on
A lot more green hits recently
According to their website, they reported to grow in China, June 6 with piotures of their empty field. June 25 they gave an update also showing another picture of plant growing progress. IF you stil hold firm with your statement that it takes about 2 months to harvest, then maybe this month is when it is complete.
What IF they don't report by their due date??
Whose picking on up the dump? AEGY hurting right now.. We're gonna need positive news or something to bring life back into it
Their still growing in china aren't they? Maybe wait until their completely harvested and hopefully they have better business plans
It's over for AEGY?
Ah yes their "EXPONENTIAL" decrease!! Haha come on Oriens this how you want real men to hold shares?
Tanking ? You crazy? They just report 8 million in gross rev maybe loading on dips more like it
MJNA + HEMP!!!
http://www.edisoninvestmentresearch.com/search/Kingsgate
Sector reports
Mining
Gold - New benchmarks for old
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Companies mentioned Petropavlovsk, African Barrick Gold, Agnico-Eagle Mines Limited, Alacer Gold, Alamos Gold Inc, Allied Gold Limited., Archipelago Resources Plc, Ariana Resources Plc, Aurico Gold Inc., Aurizon Mines Limited, Avocet Mining, Azumah Resources, B2Gold Corp, Banro Corp, Barrick Gold Corp, Beadell Resources Limited, Brigus Gold, Bullabulling Gold Ltd, Caledonia Min, Carpathian Gold Inc, Carrick Gold Limited, Castle Minerals, Centamin Egypt, Centerra Gold Inc, Central Asia Resources, Chaarat Gold, Citigold Corp. Limited, Claude Resources Inc, Cluff Gold, Condor Res., Conroy Diam&Gld, Coral Gold Resources, Crocodile Gold Corp, Detour Gold Corp, Dundee Precious Metals Inc, Dynasty Metals And Mining Inc, Eldorado Gold Corp, Endeavour Mining, Entree Gold Inc, Evolution Mining, Excalibur Mining Corporation, Exeter Resource Corp, Explorer, Explorer, Galantas Gold Corporation, Gold One International Limited, Goldcorp Inc, Golden Queen Mining Company, Golden Star Resources Inc, Goldplat, Goldrush Resources, Great Basin Gold Limited, Greatland Gold, Guyana Goldfields Inc, Hambledon Mining Plc, High River Gold Mines Ltd, Highland Gold, Hill End Gold Limited, Hummingbird Resources Plc, Iamgold Corporation, Inter-Citic Minerals Inc, International Minerals Corp, Jaguar Mining Inc, Jinshan Gold Mines Inc., Keegan Resources Inc, Kentor Gold, Kermode Resources, Kingsgate Consolidated Limited, Kingsrose Mining Limited, Kinross Gold Corp, Kirkland Lake, Kirkland Lake Gold Inc, Klondex Mines, Kryso Resources, La Mancha Resources, Lake Shore Gold Corp., Lexam Vg Gold, Mariana Resources, Medusa Mining, Metals Exploration, Minera Irl, Moneta Porcupine Mines, Navigator Resources Limited, Newcrest Mining Limited, Newmont Mining Corp Of Canada, Norseman Gold Plc, Northern Free Gold, Novagold Resources Inc, Nyota Minerals Ltd, Oceanagold Corp, Orosur, Orsu, Orvana Minerals Corp, Pan African Resources, Patagonia Gold, Pc Gold, Peninsular Gold Ltd, Perseus Mining Limited, QMX Corp, Queenston Mining Inc, Randgold Resources, Red 5 Limited, Resolute Mining Limited, Richmont Mines Inc, Saint Andrew Goldfields Limited, Seabridge Gold Inc, Semafo Inc., Serabi Mining, Shanta Gold, Silver Lake Resources Limited, St Barbara Limited, Stratex International Plc, Sulliden Gold Company Limited, Synergy Metals, Tanami Gold Nl., Trans Siberian Gold, Triple Plate Junction, Troy Resources Nl, Unity Mining, Vatukoula Gold Mines, Virginia Mines Inc, Vista Gold Corp, Wesdome Gold Mines Limited, Westgold Resources Limited, Yamana Gold Inc, Yukon-Nevada Gold Corp
Kibo Announces new Consolidated Lake Victoria GoldSource: RNS
RNS Number : 5242L
Kibo Mining Plc
13 August 2013
?
Kibo Mining Plc
(Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBOISIN: IE00B61XQX41
("Kibo" or "the Company")
Dated: 13August 2013
Kibo Announces new Consolidated Lake Victoria Gold Exploration Portfolio which includes a Gold Resource of 797 900 Ounces
· First phase consolidation of Lake Victoria Exploration Portfolio completed, encompassing relinquishment of less prospective areas and opportunistic acquisition of selected new project areas with significant known mineralized structures. · Consolidated Lake Victoria Portfolio includes Imweru & Lubando gold projects in northern Tanzania with a combined estimated Measured, Indicated & Inferred Mineral Resource of 797 900 oz Au. · Projects on strike and within same greenstone belt as AngloGold Ashanti's Geita gold deposits. Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that it has completed phase 1 of the company's consolidation strategy for its tenement portfolio in Lake Victoria, as part of the company's on-going assessment of its total license holdings in Tanzania. The consolidated portfolio now also includes two brownfield exploration projects in northern Tanzania within the gold prolific Lake Victoria Goldfield. The projects are located approximately 35 km East and West (respectively) and along strike of AngloGold Ashanti's world class Geita deposits which have an estimated pre-mining gold endowment of 23 M oz @ 4g/t.
The consolidation of the Lubando and Imweru projects into the Lake Victoria gold portfolio at a combined direct cash cost of USD 150,000 and the relinquishment of 595km2 of prospecting licenses fulfilled the review's primary objective to reduce the size of land holdings and associated carrying costs, and to focus on more advanced project areas where targets with higher prospectivity could be fast-tracked up the value curve. The Company intends to procure updates of the existing technical reports and resource calculations for the Lubando and Imweru projects, which will in turn serve as a basis for the further planning and execution of more advanced exploration work on these projects.
Louis Coetzee, CEO of the Company, commented today:
"The Company is very pleased with its new consolidated gold portfolio in the Lake Victoria region. The consolidation represents a meaningful step in our on-going strategy of rightsizing our mineral license portfolio by relinquishing some early stage licenses and consolidating regional blocks of more advanced and prospective ground in known gold regions of Tanzania. These projects complement our existing gold exploration assets in northern Tanzania and provide us with the opportunity to develop viable gold resources with in Tanzania's premier gold mining area in the short to medium term.
With the addition of a gold resource (in addition to the Rukwa Coal Resource), the Company has success fully added substance to each of its commodity portfolios, delivering on its commitment made to its shareholders a year ago. Moreover, it delivered this amidst one of the most trying and challenging periods for junior exploration companies in recent history. During this period The Company:
1) Entered into a joint venture with one of the world's largest nickel producers, for the exploration and possible development of the Company's nickel portfolio;
2) Entered into a Memorandum of Understanding for the development of the Rukwa Coal to Power Project with Korean East West Power Company, one of the world's top energy companies. Kibo's Rukwa Coal to Power Project recently also received a vote of confidence from the Tanzanian Government when it was included in the Tanzanian Government's National Power Strategy;
3) Advanced and repositioned its gold exploration portfolio by means of an extensive evaluation and consolidation process which produced:
· A significantly reduced portfolio which will bring about considerable savings in license fees, which in turn means an increase in available resources for value generation through focused exploration work.
· A focused and significantly more advanced gold portfolio with an inferred / indicated resource that provides an opportunity for the immediate increase and upgrading of the existing resource through further resource delineation and development.
Additional Technical Information
Imweru & Lubando Gold projects Location Imweru & Lubando encompass mineral concessions covering areas of 251 km2 and 75 km2 respectively close to the southern shore of Lake Victoria approximately 100km and 80 km west of the regional city of Mwanza. The projects are located equidistant of about 35 km West and East respectively of the gold mining town of Geita. Geita is the location of Anglo Gold Ashanti's world class Geita Gold Mines comprising the open pits around Geita itself and at Kukuluma 15 km to the Northeast. The estimated total pre-mining gold endowment of the Geita Mines is a combined 23 M oz. @ 4 g/t and the last published resourcesare 12.28 Mt @ 2.27g/t. (AngloGold Ashanti Mineral Resource and Reserve Report 2012). Geology and Mineralisation Both Imweru and Lubando occur on strike and within the same geology as that hosting the Geita mineralization. The geology comprises a sequence of metabasalts (greenstones) and felsic volcanics with subordinate diorite, quartz porphyries, and metasediments together forming the Geita Greenstone Belt (GGB) which is intruded in parts by syn and post tectonic granites. The GGB is one of a number of similar Archaean age greenstone belts in this part of northern Tanzania that together make up the Lake Victoria Gold Field, the third largest gold producing region in Africa after the Witwatersrand in South Africa and the Tarkwa region of Ghana. Other major gold mines in the region include African Barrick Gold's Bulyanhulu, Buswagi and Mara Mines as well as a number of advanced gold projects at the pre-feasability and feasibility development stages. The mineralization at Imweru and Lubando is hosted within silicified zones in metabasalt associated with disseminated sulphides (pyrrothite, pyrite and arsenopyrite) and associated sericite, chlorite and carbonate alteration zones. Mineralisation at Imweru is hosted in multiple zones over an East-West strike of 10 km and to a depth of about 200 m. At Lubando mineralization is hosted within 4 zones over a distance of approximately 1.3 km and to a depth of 200 m. Previous Exploration Imweru and Lubando were previously operated by Great Basin Gold Rusaf Gold Limited(GBGR), a subsidiary of Great Basin Gold (formerly US and South African listed) under an option agreement with African Barrick Gold Plc. Following preliminary mapping, soil sampling and geophysical surveying a number of drill programmes (RAB, RC and Diamond) were conducted in the period 2002 to 2008. This culminated in a total of 65,989 m in 1322 holes being drilled at Imweru and 27,770m in 670 holes being drilled at Lubando. The drilling results were used to prepare NI 43-101 compliant resource estimates for both projects. The estimates were prepared by Canadian consultants, EBA Engineering Consultants Ltd. and published in two reports dated 1March 2010 (Imweu) and 31 August 2009 (Lubando). The projects have compliant gold resources of 629,600 oz. and 168,300 oz respectively. The Base Case resource estimates for both projects are shown on Table 1 and Table 2 below respectively (tables were extracted from the reports). TABLE1:IMWERU MINERAL RESOURCE SUMMARY - BASECASE*
Category
Measured Resource
Indicated Resource
Inferred Resource
Resource(t)
-
-
17,649,900
Grade(g/t)
-
-
1.11
Grade(oz/ton)
-
-
0.032
Total Gold(oz)
-
-
629,600
*Numbers are rounded. Composites capped at 25g/t gold. Cut-off grade of 0.5g/t gold based on a gold price of US$850/oz and assumed100% metallurgical recovery.CIM definitions were followed for Mineral Resources.
TABLE2: LUBANDO MINERALRESOURCE SUMMARY - BASECASE*
Category
West Zone
East Zone South
East Zone Mid
East Zone North
Total
Measured Resource
Measured Resource(t)
107,900
4,880
16,900
54,440
184,150
Grade(g/t)
1.69
2.52
1.72
2.48
1.95
Total Gold(oz)
5,900
400
950
4,340
11,500
Indicated Resource
Indicated Resource(t)
280,710
18,330
61,000
149,350
509,420
Grade(g/t)
1.61
2.23
1.89
2.73
1.99
Total Gold(oz)
14,500
1,300
3,700
13,120
32,600
Inferred Resource
Total Resource(t)
1,090,000
65,470
209,340
535,330
1,900,140
Grade(g/t)
1.27
1.56
3.34
3.13
2.03
Total Gold(oz)
44,550
3,300
22,500
53,900
124,200
* Numbers are rounded. Composites capped at10.85g/tgold. Cut-off grade of 0.5g/t gold based on a gold price of US$850/oz and assumed100% metallurgical recovery.CIM definitions were followed for Mineral Resources.
Resource Potential In line with the recommendations in the resource reports, Kibo considers that continued exploration on both projects by follow up drilling programmes is warranted in order to improve the quality of the existing resource and to drill test adjacent anomalous areas resulting from previous soil sampling and geophysical survey results. To date the mineralized zones have been tested to a maximum depth of approximately 200 m and they remain open on-strike. The Company believes that there is excellent potential for defining significant further resources in the near term through exploration targeted at open areas of the resource and also through re-modelling of the resource at the current gold price (which is >US$1,300/oz compared to the US$850/oz used in the previous resource estimates). Rational for Consolidation This consolidation is compatible with Kibo's on-going strategy of rationalizing and consolidating its extensive mineral exploration portfolio in Tanzania. The Company previously announced (June 2013) a significant reduction in its grass roots mineral interests in Tanzania and this marks a consolidation of more advanced gold exploration properties in a region where Kibo has already established some of its most prospective early stage gold projects. Kibo already holds a number of properties both in the Geita region and in the surrounding greater Lake Victoria Goldfield. Exploration to date by the Company on some of these licences within its Mhangu Block in the east part of the Goldfield has already established trenching and drill targets, work on which had previously been temporarily suspended in order to focus resources towards advancement of its flagship Rukwa Coal to Power Project.
The Lubando and Imweru projects complement Kibo's existing gold projects in this region and will benefit from the logistical and operational advantages of being close to the Company's existing operations when exploration resumes in 2014.
In keeping with its on-going rationalization and consolidation of its license portfolio, the Company will continue to review further consolidation opportunities in this region on projects which show good gold potential and can be consolidated on favourable terms.
Contacts
Louis Coetzee
+27 (0)83 2606126
Kibo Mining plc
Chief Executive Officer
Andreas Lianos
+27 (0)83 4408365
River Group
Corporate Adviser and Designated Adviser on JSE
Jon Belliss
+44 (0) 20 3216 2630
XCAP
Broker
Stuart Laing
+61 8 94802500
RFC Ambrian Limited
Nominated Adviser on AIM
Matt Beale
+44 (0)7966 389196
Fortbridge
Investor Relations
Updates on the Company's activities are regularly posted on its website www.kibomining.com
General Background & Strategy
Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to AIM in London on 27 April 2010 and AltX in Johannesburg on 30 May 2011. The Board of Kibo is composed of professionals whose experience include mineral exploration, mine development, mining finance, tax, law, mergers and acquisitions, and financial control of public companies. It is supported by competent and motivated a Tanzanian staff that operates from Kibo's operations office in Dar es Salaam.
The mineral assets of the Company comprise five projects areas in Tanzania - Haneti (nickel, PGE and gold), Morogoro (Gold), Lake Victoria (Gold), Rukwa (Coal) and Pinewood (Coal & Uranium).
The Haneti project is the subject of a joint venture with Brazilian Votorantim Metais Participações Ltda, a member of Votorantim Group. The Rukwa and Pinewood projects are situated close to the Mtwara Corridor,an area where the Tanzanian Government has committed to significant infrastructure development and which has seen recent multi-million dollar investment in coal and coal-fired power stations and uranium exploration.
The Rukwa project is substantially more advanced than Kibo's existing exploration projects, with a significant Mineral Resource of thermal coal already defined. The project enjoys strong support expressed by the Tanzanian Government for the expedited development of a coal mine and mine-mouth coal-fired power plant and which is further enhanced by the now formal relationship between the Korean Government owned Korean East - West Power Co. Ltd. ("EWP") and Kibo. In this relationship the parties have entered into a formal MOU which states the parties' respective commitments towards the joint development of the Rukwa Coal to Power Project ("RCPP"), where EWP will be responsible for developing and operating the power generation side of the RCPP and Kibo will be responsible for developing and operating the mining side of the RCPP.
Kibo's objective is to build shareholder value in a sustainable manner. This objective will be pursued primarily through active exploration of its own projects and by using the Company's experience in Tanzania to acquire attractive exploration and development assets on competitive terms that can be moved swiftly up the value curve by using the Company's own skills base whilst also seeking to benefit from strategic collaborative relationships with industry leaders who have special skills and competencies within their chosen fields of focus. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.
Review by Qualified Person
The information in this announcement that relates to the Imweru and Lubando mineral resources is taken from reports titled "Technical Report on the Imweru property (Updated), Mwanza, Tanzania" dated March 1, 2010 and "Technical Report on the Lubando property, Mwanza, Tanzania" dated 31st August 2009" (the "Reports") Both Reports are NI 43-101 compliant and were prepared for Great Basin Gold Rusaf Gold Limited by Nathan Eric Fier C.P.G., P.Eng. Market Director for EBA Engineering Consultants Ltd and a Senior Mining Consultant. Mr. Fieris registered as a Certified Professional Geologist with the American Institute of Professional Geologists, Registration No 10062, and a professional Engineer in British Columbia, Canada Registration No. 135165.He has extensive experience in the evaluation and reporting of Archaean Gold projects. The Company's Exploration Director, Noel O'Keeffe has reviewed the Reports and the references to them in this announcement.
Johannesburg
13 August 2013
Corporate and Designated Adviser
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQLLFFXVFBBBV
http://announce.ft.com/Detail/?DocKey=1323-11676017-1UHTDD48DSTSLJL76FD1V4B1Q6
PS: Don't we have properties in those bolded areas? GBG's website listed some of those names. Gees everything of GBG is getting let go, and yet positive new thrives for those new owners of the properties.. What about all the current assest GBG owns according to their website?
Unverifiable resource but,
http://www.gumtree.co.za/cp-general-jobs-in-standerton/untrained-underground-mine-machine-operators-to-start-soon-512119510
Location Mpumalanga
Ferdi Dippenaar, formerly CEO of now defunct Great Basin Gold, and most recently, appointed managing director of Village's gold operations has been appointed CEO of the group.
=(
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=200671&sn=Detail
Ouch heavy sells atm
202-585-3887 C-SPAN live call and ask about HEMP!!!
Increase exponentially for an hour? What is going on here ?
Action here today? Bid piling up
Ouch ask not thin one bit
Can we break 2 today?!?
Strong buys!!
Big buys!!
But didn't he already speak?
The buying pressure looks awesome!! HEMP
If it gets smacked by a small buy ;) thin to be green right now
Sweet NEWS today!!! GO OTHM!!
Momona also a majority shareholder in Attitude Drinks Inc. (ATTD) as well aren't they? Does that relate with any relevance to BRZG?
Whoa huge news!!! Sanjay Gupta!!
Outdated but wonder how much of this is still current http://www.greatbasingold.com/c_aboutus/GBG_group_structure_30Sep2011.pdf
Oh nevermind. They are using both the draft and final EIS as the official EIS. Yeah doesn't sound so good at Hollister. Bets will have to be on Burnstone and whatever happens in SA