TSHIMPALA PROJECT
MALAWI

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 Highlights

  • Phase 1 exploration and development activities to commence in Malawi at the high-grade lead and silver Tshimpala Project, following completion of legal and technical due diligence and with execution of acquisition documentation expected shortly.

  • Highly experienced, South African-based geologist Mr. Trevor Mashiloane appointed as the Company’s Exploration Manager to oversee its in-country mine geology and broader exploration activities.

  • Initial exploration activities to comprise test-pitting, trenching, sampling and detailed geological mapping and modelling as well as further ground electro-magnetic surveys focused initially on the areas of exposed high-grade lead and silver mineralisation in and around the Grand Canyon, Riverside and Small Canyon shallow open pits.

  • Work will follow up on previous geological mapping and ground EM surveys which have already identified multiple interpreted zones of parallel, shallow mineralisation and with individual strike lengths of up to 500 metres and in excess of 5 kilometres in aggregate.

  • 2,500 metres of RC drilling is planned to be completed as part of the Phase 1 program to determine the ore locality from surface to sub surface, mineralisation and its extent, grade, and the stratigraphy allowing the company to delineate an initial JORC compliant resource.

  • Trench at the Grand Canyon, Riverside and Small Canyon Prospects is planned to expose the shallow, high-grade lead and silver mineralisation, which will be then extracted, with a further bulk sample of approximately 1000 tonnes proposed to be sent for further assaying and metallurgical test work.

  • Negotiations have advanced over June 2019 with two Swiss-based global commodity trading groups for the purchase of the bulk sample and sale to their Asian-based smelter customers as part of the Company’s plans to establish a long-term offtake agreement.

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