Kasbah Resources Limited – successfully listed on the Australian Stock Exchange earlier this year – has won the international tender for the Tamlalt gold deposit in Morocco.
One of three companies currently undertaking mining exploration in Morocco, Kasbah has become known for advancing two tin projects – El Karit and Achmmach – towards production by late 2008 and early 2009 respectively. The two projects – which will cost a combined total of some US$47 million (about R335 million) – are scheduled to mine and process a combined initial total of 1.2 Mtpa of ore.
Over the years the company has built a close partnership with the Moroccan government mines department, known as ONHYM, and Kasbah has now entered into an agreement with ONHYM to acquire the Tamlalt gold deposit, located at the eastern end of the Moroccan High Atlas mountains, about 300 km south of the town of Oujda. The Tamalt gold deposit mining property is covered by eight exploration permits covering a total surface area of 128 km2.
The Kasbah activities report for the second quarter of 2007 confirms that collation of all technical data would continue to the end of the third quarter, with a view to commencement of a surface exploration programme towards year-end.
At Tamlalt ONHYM has completed preliminary exploration work including 33 diamond drill holes totalling 7,019 m. The ONHYM drilling shows that the Tamlalt deposit consists of a multiple-veined quartz system developed within a chlorite-sericite altered, folded porphyritic body.
Within the 400 m of strike length that has so far been drill-tested gold mineralisation has been intersected to within 12 m of the surface and to a maximum depth of 360 m vertical from surface.
“Clearly there is a long way to go before even the pre-feasibility and feasibility stages are reached at Tamlalt,” says managing director Wayne Bramwell, “and a decision to mine can be regarded as being a good three to five years away.”