Resource Mining Corporation Ltd is making progress at its highly prospective 1,056-square-kilometre Mpanda Copper-Gold Project in Tanzania, having wrapped up the laboratory analysis workstream for soil and auger samples from the Stalike and Kabungu prospects.
Copper-gold auger and soil sample analysis is now in progress, which is assessing the potential of these two target areas.
Extensive mineralised system
The company has picked out samples from several small-scale mines extending 40 kilometres over a north-west – south-east trend, which, combined with soil geochemistry and rock and drilling results, provide strong indication of the presence of an extensive mineralised system.
All exploration work completed to date has confirmed the presence of numerous copper-gold soil anomalies, with the work within these areas demonstrating that the anomalies tested relate directly to copper-gold mineralisation.
At the Kabungu prospect, of the 16 rock chip samples from small-scale artisanal mines within RMC’s tenements, five samples exceeded 11g/t gold and two exceeded 10% copper.
The grades ranged from 0.5 g/t gold to 36.7 g/t gold and 0.3% to almost 12% copper.
The samples were analysed at SGS Mwanza Geochemical laboratory for Gold and Copper.
Alongside the ground work, the company is weighing up the opportunity presented by the prospects’ proximity to nearby third-party infrastructure for potential near-term production.
Data from the sample analysis work, along with exploration results for the two prospects, will be used to generate drilling targets as part of the next phase of exploration activities at Mpanda.
Assessing the trend
RMC is doing its research – the company is also looking into the location of artisanal mine workings in and near to the Mpanda project and collected rock samples with a view to understanding the mineralisation trend for the project.
To this end it has mapped all mine workings falling within and adjacent to the company’s licences.
The current work, including the current soil and auger sample workstream, is setting the company up for the definition of future drill programs and resource development across all ten prospects at the project.
“Renewed investor interest in RMC in the past week has been very encouraging following our recent update of ongoing exploration activities,” executive chair Asimwe Kabunga said.
“These works are ongoing and will help form the basis for a more structured and targeted low-cost drill program that we can execute in the near-term once we complete the current sampling program.
“As well as our exploration activities, given the extensive small-scale workings located across our Stalike and Kabungu projects where local miners have exploited the near-surface material, RMC is uniquely positioned to accelerate development of its own mineral production operations without extensive capex.
“We will provide further updates on this opportunity very soon.”