https://www.engineeringnews.co.za

AngloGold terminates Brazil earn-in JV with Equinox Gold

13th August 2018

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

South Africa-based gold miner AngloGold Ashanti has terminated an earn-in joint venture (JV) agreement with TSX-V-listed Equinox Gold over the Aurizona greenfield concessions in Brazil, the Canada-based junior reported on Monday.

AngloGold has spent about $9-million at the greenfield concession since exploration started in August 2016, completing more than 43 000 line kilometres of high-resolution aeromagnetic radiomagnetic surveying over the entire property, about 10 000 m of drilling on eight targets and extensive geochemistry and geologic mapping surveys.

“AngloGold’s exploration programmes have significantly advanced regional geological models and have highlighted several untested targets that warrant further exploration,” Equinox Gold executive VP for exploration, Scott Heffernan, said.

He stated that the company’s current priority in the region was near-mine exploration at the Aurizona gold mine to expand the reserve and resource base, but that it would continue to review and interpret AngloGold’s exploration data to prioritise regional exploration targets for future drilling.

Heffernan said that Equinox might involve another JV partner in future.

The current reserve model for Aurizona outlines a 6.5-year mine life based on reserves identified in the Piaba and Boa Experanca pits. Equinox believes that the mine life can be extended with exploration success along strike from existing reserves.

Full-scale construction is under way at Aurizona, with the target of pouring gold by the end of 2018. The mine will be an openpit operation, producing about 136 000 oz/y.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.063 0.824s - 140pq - 2rq
Subscribe Now