Global consulting firm Gilbert O’Neil Mushure is requesting for expressions of interests (EOI) for the acquisition of Quagga Gold Mine in Odzi in the province of Manicaland, Zimbabwe.
Details for the expressions of interest in Quagga Gold Mine sale:
The history of the mine records that it once produced over 26 kg of gold through the processing of tailings material processed from the Run off Mine (ROM) milled material.
There exists a sizeable amount of tailings dump which is estimated to be over 11 000 t. Pit samples were taken over grid and an average grade of 0.8g/t is in record, according to Geological Report 2002.
Apart from scavenging of the tailings as a possible source of gold, the mine hosts an abundant resource of ore in the form of a mineralised Quartz Reef. The mine map shows there is a developed main reef and a emerging parallel reef north of the main reef.
Updated channel sampling done on exposed faces within the mine showed an average reef width of 1m at an average grade of 5.4 g/t (channel samples of January 2010).
There is on-going development of the mine information which includes a preliminary mapping exercise of the underground mine. The consistency in the strike of the mine measured to be about 140m (underground and along the surface outcrop).
Interested bidders can arrange for a site visit by sending through an email to the address provided, to set their preferred date for a visit from Harare, Zimbabwe.
Interested parties are to meet owners of the property upon site visit. A fee of $1,200 is payable for site visit to cover costs of transport, security and site inspection.
The closing date for the acquisition has been set for Thursday 30 June 2016.
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