Tag Archives: Yacob Dewar Deposit

Andiamo Exploration Ltd to Kick Off Drilling Program in Eritrea

Andiamo to Kick off Drill Program on the Hoba prospect, Yacob Dewar is being advanced towards JORC compliant maiden resource
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

Ortac Strategic Partner Finds Gold At Ber Gebey In Eritrea

Ortac and Andiamo teamed up to develop the Haykota licence into a mining licence by June 30, 2015

Ortac says sampling in Eritrea shows gold up to 23 grammes per tonne. Picture showing Core sample from YDD-036 Yacob Dewar deposit

By Samuel Agini,

ORTAC Resources Ltd Monday said strategic partner Andiamo Exploration Ltd has received the results of a rock chip sampling programme across its Ber Gebey prospect, which showed gold values of up to 23 grammes per tonne.

Ortax, which in January announced plans to acquire 26.7% of mineral exploration company Andiamo through three equal tranche payments for a total of USD1.5 million, said a previously unidentified zone of silica-barite rock returned gold values up to 23 grammes per tonne on surface.  Continue reading Ortac Strategic Partner Finds Gold At Ber Gebey In Eritrea

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

Northeast Africa and Middle East: Gold Frontier

Eritrea – the New Frontier for Mining Companies

By Tim Williams,

Eritrea is underlain by the volcano-sedimentary rocks of the Arabian-Nubian shield, one of the world’s most unexplored but potentially productive mineral provinces. It has only a handful of deposits now in production or under development.

The major styles of economic mineralisation include the volcanogenic massive sulphide (VMS) deposits; the geologically much younger orogenic and intrusive related gold deposits; and very large potash accumulations. Many of the outcropping VMS deposits form high-grade ‘gold caps’. The current rapid erosion of the elevated land surface has resulted in excellent exposure of the geology.  Continue reading Northeast Africa and Middle East: Gold Frontier