Projects

LONELY MINE GOLD PROJECT

The Project comprises four granted tenements (Mining Claims) covering an area of 44 hectares

  • Lonely Mine A (Registration Number 10632BM)
  • Tiberius 14 (Registration Number 33599)
  • Tiberius 32 (Registration Number 35732)
  • Tiberius 33 (Registration Number 35733)

The Project spans back to 1906, when prospectors discovered an auriferous quartz reef

Lonely Mine was one of the top seven producing operations in Zimbabwe during its peak production period (1914-1930), producing ~50,000oz Au per year, with overall life-of-mine gold production recorded as 1,118,383oz with an average recovered grade of 17.50g/t Au (Bartholomew 1990)

Operations on the Lonely Mine re-commenced during the 1970’s when the Lonely Mine was the single largest gold producer in the region until its closure in the mid-1990’s

Located within the Bubi Greenstone Belt – a major gold producing region of Zimbabwe

Mid-term objective to identify sufficient resources to support a mid-tier gold production operation

GEOLOGY

  • Project is located within Bubi Greenstone Belt hosting several gold mines that have produced >300koz, with over 3.5 million total ounces produced at average grade of 9.27g/t
  • Gold deposits are spatially distributed in distinct clusters and linear groups, most important being Lonely, Motapa, Durban, Turk, Queens & Sunace groups
  • Bubi Greenstone Belt lithostratigraphy is fundamentally the same as globally accepted Archean successions from Canada, Australia and South Africa
  • Project area is located over transgressive shear zones that have not had any modern-day systematic exploration