HEADING DESCRIPTION GOLD MINING Mine location CHEGUTU Ownership Government of Zimbabwe 100% Benefit analysis - Monthly revenue of $us 2.4 million and net Profit of $800 000/month - Lucrative profits margin of 33% - Optimization of production to milling capacity of 25 000 tonnes/month - Production grade of 2.4 grams per tone to produce 50kg of gold/month - Employment creation and lucrative dividends for shareholders Type of project requiring funding The mine closed down in 2003 when the main shaft collapsed due to intense faulting and inadequate pillar support in the area. The mine needs resuscitation and development to realize full potential .Mine dewatering is in progress followed by a comprehensive rock mechanical assessment. At time of mine closure, production levels were 40 to 50kg of gold per month Value of Project US $20 million required for mine resuscitation and growth 390 000 @ 3.4g/t of proven ore reserves locked up underground. Development and exploration drilling required for evaluation Partnership proposal Joint venture negotiable shareholding according to the parties contributions Government contribution - Assets US$10 million - Gold claims 473 hectares of 21 mining claims and eight blocks of gold totaling 80 hectares Capital Required US $20 million for recapitalization Implementation Immediate , to start any time Project Documentation Available - Geological reports - Feasibility reports - Commissions 3% of total injected investment to be paid by investor Consultant Mr Mutsa Chikede Email address cmutsauri@gmail, [email protected] Contact phone 00263773926454, 00263738501600
Posted on: Sat, 12 Jul 2014 12:06:16 +0000
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