MINING REFINING

Pambili finds economically viable gold at Gold Valley Mine

Fri Jan 17 2025

CANADIAN miner, Pambili Natural Resources Corporation (Pambili) has found economically viable gold during its drilling activities at its Gold Valley Mine (GVM), it has been revealed.  The drilling activities are part of Pambili’s initial resource drilling programme, first announced in August 2024, that started in last year’s fourth quarter at its GVM located in the Matabeleland province.

“Pambili Natural Resources Corporation is pleased to announce the results of the first assays from its ongoing drilling programme at the company’s Golden Valley Mine in Zimbabwe,” Pambili said in a statement.

“The results indicate that the down-dip extension of gold mineralisation at GVM continues over significant widths and at potentially economic grades.

“The assays were completed by Antech Laboratories, an accredited laboratory in Kwekwe, Zimbabwe, and show that Hole EADD001 encountered an anomalous zone of sulphide mineralised brecciated chert, returning an intersection of 1,2 grammes per tonne (g/t) gold over an apparent width of 17,2m (metres).”

The miner said the broad zone included an upper mineralised zone of 2,19m at 1,57g/t gold and a lower mineralised zone of 7m at 2g/t gold at a cut-off grade of 0,5g/t gold, including an intersection of 2m at 3,86g/t gold.

“The two zones are separated by a 6m wide zone of internal waste with an average background grade of 0,29g/t gold,” Pambili added.

The miner said historic production from the project totalled 2 500 ounces of gold at an average grade of 9g/t.

Source: https://www.newsday.co.zw/