Mineral

Gold

Location

Chegutu Town, Zimbabwe

Mining Rights

21 Mining Claims – Total Area 473 Hectares

8 Blocks – Total Area 80 Hectares

Infrastructure

Total Assets – Valued at US$10 Million as at 2012

Documentation Available

1.      Geological Reports

2.      Feasibility Reports

Funding Required

TOTAL US$20 Million for:

1.      Mine Resuscitation

Elvington Mine closed down in 2003 when the main shaft collapsed due to intense faulting and inadequate pillar support around the shaft.  At the time of closure, the Mine's production levels were between 40 and 50 kilogrammes of gold per month.  Mine dewatering is in progress. 

2.      Development and Growth

Undergroundmineral resource approximately 1 million tonnes@3.4 grams per tonne.

Exploration activities required for additional resources

Partnership Proposal

Joint Venture

Shareholding negotiable according to each party's contribution

Investment Benefits

·         Optimisation of Production to exceed 50kg per month.

·         Employment creation and rewarding dividends for shareholders