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Großes Gold und Kupfer vorkommen in Ograzhden/MK entdeckt

Canadian company "Reservoir Minerals" eye Macedonia's mineral sector


Macedonia's Economy Minister Valon Saracini met with representatives of the Canadian company "Reservoir Minerals," Duncan Larce and Daniela Bombay.
At the meeting, such as informing the competent Ministry, representatives of the Canadian company had been informed of the favorable conditions for investment in the mineral sector, especially for metal minerals, copper, gold, silver, lead, zinc, and possible sites in Macedonia.
Economy Minister pointed out that as part of activities to create a favorable climate for investors are amendments to the Law on Mineral Resources, underlining that all amendments are being made ​​arising from the need of the real sector.
Representatives of the Canadian company had been informed that the procedure and two public service announcements for granting concessions and a concession for the exploitation of thermal water at two locations and the second concession for detailed geological surveys of 29 sites. Government
 
Euromax (V.EOX) ups Macedonia copper-gold resource

Euromax Resources Ltd. (TSX: V.EOX, Stock Forum) has tabled a new mineral resource estimate for its 100%-owned Llovitza copper-gold project in Macedonia.

"We are delighted that we have achieved the main aims of our 2012-2013 drilling campaign in increasing the measured and indicated resources in the fresh and mixed zones at IIovitza from 22 million tonnes to 184 million tonnes at improved grades, compared to the previous resource estimate announced last year,’’ said Euromax Chief Operating Officer Pat Forward in a press release.

A pre-feasibility study is expected to be complete by the third quarter of this year, the company added.

Euromax shares closed at 23 cents Friday, down 11.5%, leaving a market cap of $19.6 million, based on 85.3 million shares outstanding. The 52-week range is $1.25 and 20 cents.



Read more at Euromax (V.EOX) ups Macedonia copper-gold resource-V.EOX-Stockhouse news
 
[h=3]Genesis Resources intersects new gold zone at Plavica in Macedonia[/h]Friday, October 04, 2013 by Proactive Investors

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Genesis Resources has intercepted broad, fresh zones of oxidised gold mineralisation at its Plavica project in Macedonia

Genesis Resources (ASX:GES) has intercepted broad, fresh zones of gold oxide mineralisation at its Plavica project in Macedonia.

Significantly, the first scout hole from the Maricanski Rid prospect, a silica cap 800 metres to the south of Plavica, intersected 46 metres at 1.59 grams per tonne gold and 4.8 grams per tonne silver from 29 metres.

Assay highlights from the main mineralised zone include:
- 21 metres at 1.82 grams per tonne gold from 124 metres;
- 46 metres at 0.97 grams per tonne gold from surface; and
- 31 metres at 1.58 grams per tonne gold from 50 metres.

The main mineralized zone first reported in May is now significantly wider and longer, remaining open at depth and along strike. It is still open at depth and along strike.

Notable levels of silver, copper, lead and zinc were recorded.

A number of holes drilled in the central part of the Plavica prospect are still awaiting assays.

Drilling is continuing with two core rigs and a reverse circulation rig in operation.
 
Macedonia Press Review – January 8, 2014
CIA noted Uranium deposits in Macedonia in 1955
Skopje
DNEVNIK
Back in October 1955, the US Central Intelligence Agency, CIA in a then secret document stated that Macedonia has deposits of Uranium near the town of Bitola near the border with Greece. This is the most interesting find about the country from the recently declassified documents from the CIA archive, the daily says.
 
Zoran schrieb:
Macedonia Press Review – January 8, 2014
CIA noted Uranium deposits in Macedonia in 1955
Skopje
DNEVNIK
Back in October 1955, the US Central Intelligence Agency, CIA in a then secret document stated that Macedonia has deposits of Uranium near the town of Bitola near the border with Greece. This is the most interesting find about the country from the recently declassified documents from the CIA archive, the daily says.
Zum Vergrößern anklicken....


Zzzzzzz.....die Amis :evil4:
 
[h=3]Genesis Resources secures some funding for Plavica gold project, Macedonia[/h]Thursday, January 23, 2014 by Proactive Investors

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Genesis Resources has entered into a subscription agreement with an unrelated sophisticated investor to raise $1 million.

Genesis Resources (ASX:GES) has entered into a subscription agreement with an unrelated sophisticated investor to raise $1 million.

Under the Placement, the investor will subscribe for a total of 11,764,706 ordinary shares in Genesis, which will represent 7.1% of the Company’s enlarged share capital, at an issue price of $0.085 per share.

Funds will be used to sustain its drilling and exploration programs in Macedonia and in Australia, as well as to facilitate cash flow requirements.

Plavica is Genesis' flagship project, hosting JORC Mineral Resource of 1.65 million ounces of gold at 0.9 grams per tonne gold.

Also included are an Inferred silver resource estimate of 28.2 million ounces at 15.3 grams per tonne, and an Inferred copper resource of 32.7 million pounds at 0.28%.

The project is located in the Kratovo District of north-eastern Macedonia, 65 kilometres to the east of the capital, Skopje.

Genesis is capitalised at around $13 million.
 
Ukrainian Co. to invest $200m in Macedonia's copper processing
Wednesday, 05 March 2014


A new investment for copper processing is being launched in Macedonia by the Ukrainian company "Konstantinovsky Plant of Metallurgical Equipment". In-depth geological exploration of three sites, two in Valandovo and one in Staro Nagoricane in the Kumanovo region, is planned to be conducted initially. Depending on the start of exploring one of the sites, there will be a plant for manufacturing copper, cathode, copper pipes and copper wires through electrolysis.

This was stated Wednesday by the director of the Directorate for Technological and Industrial Development Zones, Viktor Mizo, after a meeting between Prime Minister Nikola Gruevski and the company's management.

"The company has considered different locations in Europe, South America and Africa. They have chosen Macedonia because they plan on not only exploiting ore, but also launching a full vertical integration of copper production, manufacturing of copper cathodes, wires and pipes. From 400 to 500 jobs could be created based on the whole process in the three mines and the plant. The investment is estimated at more than 200 million dollars in the coming period," Mizo said.

The exploitation process, he added, is expected to be completed by year's end followed by the construction of a plant nearby the mine. The plant, first of its kind in Macedonia, will kick off its operations in late 2015 or early 2016. The copper products will be sold on markets worldwide.
The investment comes as a result of a 10-month effort based on contacts by the Macedonian ambassador in Kiev, according to Mizo.
Gennadiy Sichov, the company's vice president, said that thorough geological exploration of three sites, two in Valandovo and one in Staro Nagoricane, would be carried out first.

"Today, we are going to sign a contract with a Macedonian company, which will conduct the geological exploration. By the end of the year, the form of this new enterprise will be defined," he noted.
After taking into consideration many sites around the world, Konstantinovsky Plant of Metallurgical Equipment has picked Macedonia because "here they felt the best business investment climate".
 
[h=1]Macedonia: Russian Investment Company Solway Considers Re-opening Kadiica Mine[/h]
May 25, 2014, Sunday @ 18:03 in Business » INDUSTRY | Views: 21
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Kadiica mine. Photo:MIA

Russian investor Solway is considering the possibility to exploit ore in the new Kadiica mine near Pehcevo, by using a surface mining method like the one used in the Bucim mine, or to rely on underground mining as in Sasa, Dobrevo and Toranica mines.The deputy manager of Bucim mine, Nikolajco Nikolov says investment related to opening the mine, regardless of the chosen method, surface or underground mining, would be larger.Solway, which owns the copper and gold mine Bucim, and the lead and zinc mine Sasa in Makedonska Kamenica believes the company needs to take into consideration a special kind of underground ore extraction in Kadiica, which is so far unknown as a method in this region.
"First of all, the Kadiica mine is very poor in copper and we work on the lower limit, meaning the analysis is carried out with a lower exploitation limit of 0.15%, which is very low and we’ll take into consideration all parameters based on our experiences, the experiences from other mines and assess what step we should take next," Nikolov says.He also said that the mine management is expecting, together with the new government, to renew the talks on not only opening the mine, but turning into a good business as well.At the moment, mining experts of the Faculty of Natural and Technical Sciences at Goce Delcev University are preparing the study on the ore exploitation in Kadiica mine via surface mining.The Dean of the faculty, Zoran Panov, said this project should show if the mine, after being opened, will allow to have its ore taken out from the surface."I’ll say it again even though it is too early, but data show that there is a possibility for surface mining. When the study’s results are ready, the investor will decide whether it will continue with a feasibility study to confirm how much exactly it would cost as an investment and whether it will accept it or not," Panov pointed.
- See more at: Macedonia: Russian Investment Company Solway Considers Re-opening Kadiica Mine - Independent.mk​
 
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