We are looking for an equity partner, who can buy stake into our company, to enable us to complete a geochemical sampling and mapping on a local scale.
Our business scope, amongst others, are: general trading, mining, constructions and supply of goods and services. We require fund (at least US$300,000) to complete our geological explorations (preliminary geological survey has already been completed) for the mining of gold and diamonds.
The company has recently acquired three (3) Exclusive Prospective License (EPL) in Namibia. One of these EPL lies to the west of the Tafelberg, the top most cover is alternating sandstones and calcrete formation overlie the Damara Basemenhe. Glassy basalts are also common. This EPL is characterized by low grade Metamo and of the we intruded by little structural deformation.
The prevailing formations are genetically related to volcanic and plutonic calkaline rocks, ranging in age from 1800 to 2020 million years. Mineralization model – Previous drillings have indicated that the ore generally consists of copper showings were located and classified into 4 different categories. These are: a mineralization associated with granites and volcanic rocks Malchite, chalcocite and to a lesser extent chalcopyrite occurs a long joint as minor disseminations, principally at intrusive contacts and alluvial diamonds.
Another EPL is located within the northern Zone of the Northeast trending inland branch of the Damaran Orogen on the northwest side of the southeast dipping otjohorongo thrust. The area is primarily underlain by siliciclastic rocks of the kuiseb formation. Regionally, isolated outcrops of dolomitic marble may correlate with the karibib formation. Other lithogies include coccasional dolerite dykes assumed to be of karoo age. Damaran age intrusive rocks have not been mapped in the area. As in the whole of Damara Oregen, four deformational events are recognized. Published descriptions of the area describe north-south trending open folding but geological mapping indicates refolded folds in the area. Greenschist grade metamorphism is Dominant. Known gold mineralisation in the area includes the Ondundu deposit, hosted by a series of bedding concordant Quartzite veins in turbiditic sandstone of the Kuiseb formation. Large areas of the proposed EPL are covered by poorly developed soil, gravels and calcrete.
Exploration target and mineralisation model:
The Navachab, Ondundu and Otjikoto gold deposits, and many other gold prospects in the NZ and CZ located in the intracratonic arm of the Damara Orogen fall within the broad category of Orogenic Gold deposits and more specifically, they can be classified as sediment hosted vein deposit (SHVDs). Many of the world’s largest gold deposits can be described as SHVDS. Exploration target on the proposed EPL is a large, open pittable gold deposit with a probable minimum resource of 2 million ounce of contained gold. In recent years, a large low-grade resource, hosted by much thinner, cross-cutting, almost stock-worked quartz veins and vein-lets has been discovered. Published accounts of both Telfer and Ondundu suggest a similar setting, geochemical signature and by inference, genesis, for the two deposits.
We are looking for an equity partner (preferably a mining company) interested in gold and diamonds, who can buy stake into our company, to enable us to complete a geochemical sampling and mapping on a local scale, and subsequently, start mining. The estimated cost to do geochemical sampling is US$300,000 (maximum), and the mining costs will be determined afterwards.
Our company will be ready to give up to 80% share in these EPL's - of which the terms and conditions can be agreed upon by both parties, on mutual beneficial basis.