Deals this week: AMEC Americas, African Eagle, Nevada Sunrise Gold and more

20 November 2014 (Last Updated June 8th, 2020 13:23)

AMEC Americas has secured an engineering, procurement and construction (EPC) management services contract from Pretium Resources for Brucejack gold project in northern British Columbia, Canada.

mining deal

AMEC Americas has secured an engineering, procurement and construction (EPC) management services contract from Pretium Resources for Brucejack gold project in northern British Columbia, Canada.

AMEC has been involved with the Brucejack project as a third party reviewer of the June 2014 feasibility study for a 2,700t a day underground mine.

The company has participated in constructability and capital cost reviews of the project, which is expected to cost $746.9m.

Brucejack is estimated to produce 7.27 million ounces of gold over its 18 year mine life.

AMEC has started detailed engineering and is advancing procurement for surface facilities and underground infrastructure.

African Eagle has entered into a conditional agreement to acquire the entire issued and yet to be issued share capital of Lime-Chem Resources (Proprietary) (LCR).

LCR operates an iron ore mine in the Northern Cape province of South Africa.

It holds the mining rights for the Rooinekke property, which is around 180km south of the Sishen iron ore mine.

Rooinekke features an old open pit mine with several crushed ore dumps surrounding the pit.

LCR has entered into sales agreements with Interalloys Trading and Interalloys Trading und Business Consulting Handelsgesellschaft for pre-export financing.

Nevada Sunrise Gold has signed an option agreement to buy the Roulette gold property in White Pine County, eastern Nevada, US.

The Roulette property features 120 unpatented claims located about 30 miles north of Ely, Nevada, in an active area of mineral exploration.

Nevada Sunrise said that historical exploration on the Roulette property discovered gold-bearing jasperoids in outcrop in the 1980s.

Columbus Gold held the Roulette property from 2007 to 2009 and carried out rock-chip sampling, reporting gold and strong arsenic values related with the jasperoids.

Two jasperoid bodies featuring gold and arsenic have been identified at the Roulette property in the Joana Limestone.

Both samples taken by Nevada Sunrise were collected from the southern jasperoid exposure.

Canadian coking coal company Altitude Resources has signed a limited partnership agreement with Kuro, which has the opportunity to acquire an interest in the Elan project of up to 70%.

The deal is subject to completion of a feasibility study and other exploration requirements.

If Kuro meets all requirements under the agreement, Altitude and Elan will retain 12.5% and 17.5% stakes respectively.

The Elan project is situated in the foothills and front ranges of the Rocky Mountains of Alberta, with 27 Alberta Crown coal applications covering an area of about 23,000ha.

Altitude Resources said historical drilling on and near Elan suggests there are ten to 16 coal seams ranging from 3m to 10m in thickness, many with economic potential.

Kiska Metals has signed an option agreement to acquire Chlormet in the Chuchi property in British Columbia.

The property features a copper-gold porphyry system in a prospective region of the Quesnel porphyry belt in north-central British Columbia.

The core of Chuchi overlies a 12km² alteration zone centered on a cluster of porphyritic monzonite stocks hosted by volcanic and sedimentary rocks.

Drilling campaigns from 1989 to 1991 targeted coincident copper-gold soil geochemical anomalies and induced polarisation high anomalies within this alteration zone, for a total of 13,030m from 79 drillholes.

Kiska Metals has a portfolio of gold and copper projects across North America and Australia.

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