Tag Archives: Andiamo

Mining Companies’ Exhibition at Festival Eritrea 2015

exhibition of mining companies in Eritrea
Eight mining companies operating in Eritrea organized their own exhibition inside the expo grounds during this year’s annual Festival

By Mela Ghebremedhin | Eritrea Profile,

Festival Eritrea – held annually in the first week of August in Asmara (and at times in some major Eritrean cities) – generally offers a wide spectrum of exhibitions. In this sense, the diversity of the programmes is conducive for accommodating both young and older generations while the traditional dishes and beverages on offer add flavour to the whole setting. Continue reading Mining Companies’ Exhibition at Festival Eritrea 2015

Andiamo Exploration Ltd to Kick Off Drilling Program in Eritrea

UK Mining firm Andiamo Exploration Ltd to Kick start drilling program on the Hoba prospect within the 253km2 Haykota Licence area while Yacob Dewar deposit is being advanced towards JORC compliant and its maiden resource estimate will be completed during Q3

By Giles Gwinnett,

ORTAC Resources (LON:OTC) said its exploration partner Andiamo is about to kick off a 1,000m drill programme on the Haykota licence in Eritrea.

It comes after positive trenching results at the Hoba prospect and the diamond drill programme is designed to test VMS style mineralisation in the north of the concession.  Continue reading Andiamo Exploration Ltd to Kick Off Drilling Program in Eritrea

Afeworki Lays Store in Mining Despite the UN

UNFAZED. “The game-plan of Eritrea’s arch enemies are indeed simple: chisel at the edifice of the Government through dogged campaign of disinformation to ultimately delegitimize and criminalize the GOE to roll back history and Eritrea’s sovereignty. That is a pipe dream that will never happen – @hawelti

By African Intelligence,

ERITREAN President Issayas Afeworki is pushing for the rapid development of mining projects, without taking too much notice of the conclusions of a recent report by the United Nations Monitoring Group on Somalia and Eritrea (ESMG).

This report nevertheless singled out Hagos Gebrethiwet Maesho (known as Hagos Kisha), the director of economic affairs of the country’s ruling party, People’s Front for Democracy and Justice (PFDJ).

It suspects him of setting up “complex financial structures” that enable the Eritrean government to use revenue from the mining sector to finance the PFDJ and even to support military activity that “could constitute a violation of resolution 1907”.

This resolution was passed by the United Nations Security Council in December 2009; it decreed a variety of restrictions against the regime of Asmara and its leaders. Continue reading Afeworki Lays Store in Mining Despite the UN

Ortac Resources Gets Another Set Of Positive Results From Yacob Dewar

The third batch of assay results at the Yacob Dewar prospect on the Haykota project demonstrates another excellent grade mineralisation

By Steve McGrath,

ORTAC Resources Ltd Monday said a third batch of assay results from its Yacob Dewar project in Eritrea had revealed high-grade oxide copper and gold mineralisation near the surface.

It said the oxide copper drilling highlights include 1.27% copper over 10.7 metres from 38.8 metres down the hole, including 2.66% copper over 4.7 metres from 44.8 metres down the hole.

The gold drilling highlights include 4.14 g/tonne gold over 22.4 metres from 21.6 metres down the hole, including 34.43 g/tonne gold over 2.0 metres from 34.5 metres down the hole, and 3.60 g/tonne gold over 11.3 metres from 25.5 metres down the hole, including 6.05 g/tonne gold over 3.0 metres from 30.5 metres down the hole.  Continue reading Ortac Resources Gets Another Set Of Positive Results From Yacob Dewar

Ortac Resources set to Invest in Highly Prospective Eritrean Projects

The Yacob Dewar Oxide Gold and Copper Deposit Site. Ortac and Andiamo teamed up to develop the Haykota exploration licence into a mining licence by June 30, 2015

By Proactive Investors,

Ortac Resources (LON:OTC) has unveiled a strategic tie-up with a private exploration firm, which has a portfolio of “very prospective” high grade copper and gold projects in Eritrea.

The mining firm has struck a subscription agreement with Andiamo Exploration to acquire up to 26.75% of the firm by subscribing for shares in three equal tranches for US$1.5mln. Continue reading Ortac Resources set to Invest in Highly Prospective Eritrean Projects