Camec to start construction of new Zimbabwe mine this year (09/07/09)

Central African Mining and Exploration Company (Camec) has confirmed that a bankable feasibility study on its Bokai platinum prospect in Zimbabwe will be completed by September.

The emerging miner conducted an initial assessment on the site which found an indicated and inferred mineral resource containing 10.69 million ounces 4E (platinum, palladium, rhodium and gold).

It still expects the construction of a mine to be started this year and believes that 163,000 oz pgm per year could be produced over the facility's 20-year lifespan.

"These results confirm a significant resource at Bokai and demonstrate the considerable potential for economic recovery of this platinum resource," said Camec CEO Andrew Groves.

"We expect to bring Bokai into production by 2012, with construction on the mine likely to begin this year."

Colossus Minerals Inc.'s Check Assays Yield Higher Precious Metal Grades (04/08/09)

Colossus Minerals has revealed that higher pgm grades have been identified at its Serra Pelada project in Para State, Brazil after the completion of check assays.

The Phase 1 drilling programme yielded samples of more than 600g/t gold, 500 g/t platinum and 400g/t palladium, plus rhodium and iridium grades of up to 5.92g/t over 2.05m.

Company President Vic Wall commented: "These results materially increase gold and particularly pge grades over substantial intervals in several drill-holes which cross-cut the orebody.

"The results further indicate that significant portions of Serra Pelada's noble metal inventory is localised in very high grade subzones. This doesn't make resource estimation any easier, but high grade is a nice problem to have."

First Nickel Discovers a New Platinum and Palladium Zone on Raglan Hills Joint Venture Property (05/08/09)

First Nickel has announced that it has discovered a new zone of platinum and palladium mineralisation at its Raglan Hills property in Ontario, Canada.

The company located the resource in a previously unexplored mafic intrusive body after drilling 29 holes in seven airborne electromagnetic targets between February and May this year.

According to the results, the FNB009 section intersected 5.05m with a grade of 0.762 g/t platinum and 1.216 g/t palladium, while FNB010 intersected 2.7m at 0.659 g/t platinum and 1.052g/t palladium.

"The discovery of a new zone of Pt and Pd mineralization within the first phase of our drill program demonstrates the great exploration potential of this area," said Paul Davis, Vice-President of Exploration at the firm.

"We are confident in our continued success and further discoveries of additional Ni-Cu and platinum group element mineralization in this under-explored part of Ontario."

Raglan Hills is a joint venture project with Pacific North West Capital Corporation.

Northam's viability study faces delays (17/08/09)

Northam Platinum has revealed that it could incur a four-month delay in its attempts to complete a feasibility study into the Booysendal project.

The site, which is located in South Africa, is particularly sought-after as it contains a resource of 103 million ounces pgm and could offer up to 430,000 oz pgm per year at full production.

However, Northam confirmed in its interim financial results that the study - which commenced in February - has proved complicated and will not be completed before the end of September.

Furthermore, it is planning to carry out a number of assessments to ensure that designs, lay-outs and schedules at the site are fully optimised.

"Specialist consulting teams are close to finalising the metallurgical and mine design, as well as the infrastructure and environmental components of the project," said the company.

"Final capital and operational expenditure estimates are awaiting completion of final designs."

Ÿ Adfero Ltd