Archive for February, 2012

New CEO appointed by BVI company

Wednesday, February 29th, 2012

This month, the British Virgin Islands-based Talon Metals Corp. made an announcement that Mr. Henri Van Rooyen has been appointed as the new CEO of the company. The Talon board has accepted the resignation of Mr. Eddie Scholtz, which is planning to focus on his ongoing role within CIC Energy Corp., another BVI company focused on exploration listed on the Toronto Stock Exchange.

The new CEO of Talon Metals, Mr. Van Rooyen, has been working with Tau Capital Corp. since 2000, and during the last years his main responsibility was its new business evaluation process and the implementation of exploration and development programs for mineral projects in countries in Africa and Latin America. Before joining Tau Capital, Mr. Van Rooyen was President and CEO of Groupman, a private company that built the largest silica mine in South Africa, and of one of South Africa’s largest offshore diamond exploration projects.

Mineseeker Operations signs Memorandum of Understanding

Tuesday, February 21st, 2012

The company NHS Health Solutions, Inc. announced that its wholly-owned British Virgin Islands-registered subsidiary Mineseeker Operations Overseas Limited has formally engaged with a South African company to deploy Mineseeker technology, MIR, across the Southern African Development Community.

The first project discussed will use the MIR technology for the aerial survey of large tracts of land affected by unexploded ordnance. BVI company received a Letter of Intent from the South African company, and has now signed the Memorandum of Understanding which will further entrench the relationship, paving the way for a Joint Venture company, Mineseeker Operations Southern Africa Ltd, which will undertake the contract to survey and clear significant areas of land currently unusable for economic development.

Meetings with the JV partners will take place in Johannesburg, South Africa. Further details of the timing and project value will be released after successful conclusion of the contract negotiations.

Sable Mining announces expansion of its iron ore portfolio

Thursday, February 9th, 2012

Sable Mining Africa Limited, a British Virgin Islands-incorporated resource company focused on mining assets in sub-Saharan Africa, expanded its West African iron ore portfolio following the acquisition of a 123.5 square km exploration permit in the Mount Nimba area of south-east Guinea, through its 80% Guinea subsidiary West Africa Exploration SA.

Within the permitted area, which is highly prospective for iron ore, significant quantities of Canga-type iron ore conglomerate have been observed forming three main plateaux covering an approximate area of 35 square km. A reconnaissance drilling/pitting programme is planned to confirm the thickness of the iron mineralisation and grade at depth with completion prior to the onset of the wet-season in May. Access roads to the plateaux will be completed in February 2012.

Sable Mining CEO Andrew Groves commented on this expansion: “this is a fantastic
addition to our iron ore portfolio, with early indications from reconnaissance work already highlighting the project’s prospectivity. Taking into account its proximity to the Nimba project, the near surface nature of the ore body, the defined plateaux and the relative proximity to infrastructure, we believe this has the potential to add significant value to the Company going forward.”