Zambezi Resources Limited – the AIM-listed exploration company exploring for and developing gold, uranium and base metal resource projects in Africa – has announced the discovery of three new mineralised prospects from its exploration pipeline in southern Zambia. The new prospects have all returned excellent rock chip sampling results.
Rock chip sampling and mapping at the Mwapula prospect has outlined an area of highly anomalous copper-lead mineralisation, including 11.93% copper, 31.50% lead and 212.4 g/t silver. The mineralised zone occurs within a 600m wide quartz-veined sheared corridor which trends north-west, and has been defined by mapping over a strike length of 2.4km to date.
Mano River Resources Inc. (Mano) – the Toronto and AIM-listed exploration company focused on gold, diamonds and iron ore in West Africa – has come out earlier than expected with the announcement that it will go ahead with its Putu Range iron ore project in eastern Liberia.
“Our notional turnover (the amount of money we manage on behalf of our clients on projects) for the 2006 financial year to February 2007 was R5.5 billion – an increase of more than 60% over the R3.5 billion achieved in the 2005 financial year,” he reveals. “Our current confirmed work-load will see us achieve our objectives for the next two years,” he adds, “and the secured workload for 2007 and 2008 should show a further significant increase each year over the R5.5 billion for 2006. And there is of course the upside potential of further opportunities we expect as we go along.”