News roundup: gold production up & SSR Mining's good results

Mining news roundup: gold mining is on the up and SSR Mining reports positive exploration results at Marigold

Multiple gold zones intersected at Kin’s Murrin Project

Kin Mining, the Australian gold development and exploration company, has said that multiple anomalous gold zones have been intersected following broad space air core drilling at its Murrin project in Western Australia.

As part of its regional exploration program surrounding its 100%-owned 1.41Moz Cardinia Gold Project, which is located near Leonora, Kin Mining said that the completion of an initial 8,740m program of 12 air-core lines to evaluate the Murrin Project had returned several hits, including 4m at 0.95 grams per tonne gold from 20m, 4m at 1.52g/t gold from 12m, and 16m at 0.63g/t gold from 32m.

 

KEFI targets gold production in KSA and Ethiopia in 3 years

KEFI Gold and Copper, the London-listed gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has said that it is targeting the start of gold production in both countries within the next three years.

In an announcement on its website, the company said that its plans for the remainder of 2022 and 2023, in line with its strategy, include the start of gold production in both Ethiopia and Saudi Arabia over the next three years, and then to start development of the Hawiah Copper-Gold project in the Kingdom, lifting aggregate production to a gold-equivalent 400,000 ounces per annum (KEFI interest is circa 200,000 ounces per annum).

 

SSR Mining reports positive exploration results at Marigold

Denver-based gold, silver, copper, lead and zinc producer, SSR Mining, has announced results from 316 drillholes completed at the Marigold Mine in Nevada, USA for the period from October 2021 to August 2022 at its New Millenium, Trenton Canyon, and Buffalo Valley oxide targets.

In a statement, SSR Mining said that the existing mineral reserve life for Marigold is 11 years, and that exploration was focused on adding higher-grade oxide ounces to the mine plan, to both enhance and extend the current production profile and life of the mine. 

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