This is one of the most extensive, immensely under-explored, classic archean greenstone belt environments for large gold deposits left in the world.
This is a Joint Venture between two companies, one of which has control
over 5 adjoining Prospecting Licences, 23km E-W extent, along the
Northern margin of the Manica Greenstone Belt.
• Rich area with a very conservative minimum estimated reserves of 8,000.000 oz. based on the exploration results so far
• Extensive area (70km x 30km), which constitutes the main part of the Archean greenstone belt with improved geological fundamentals
• Numerous mines practically unexplored
• License holder has spent already a considerable amount in exploration so far
• Huge area requires a Partner /Financier for further and final stages of Drilling and sampling, prior to extraction operations
In addition, it has control over Prospecting Licence 469 L, which
adjoins the Mining Certificate 1204 CM where the first partner operates the
Munhena Gold Mine.
The reasons of the belt remaining unexplored are historical and cultural – inadequate capital and technical application, civil war, discouragement of foreign investment, etc.
From about 7 years ago, the legal environment has improved, the market policy is open, investment is encouraged, and political risk is low due to the 2-party democracy.
The Joint Venture is actively exploring the 23-km long extent of the Prospecting Licences over which Jacoma has control.
Besides re-accessing old audits, core drilling is required at all the high-grade opportunities. RC percussion drilling is required at Mushongorokwa.
The JV is seeking funds to drill for the depth-extension of the orebody and open-pittable ore within the old open pit of Munhena Mine.
The Manica Belt Gold Project available for investor entry: An extensive area under control (23km x ave 3km) of classic, Archaean greenstone belt, an Eastward extension of a very productive Zimbabwean field, grossly under-explored. The JV has spent ~$600k preliminary work (incl. drilling), identifying both high-grade u/g and large targets in two different, main structural, geologic domains.