Zani-Kodo Project
- Full name:
- Zani–Kodo Joint Venture
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- Mwana interest:
- Mwana Africa holds 80% in the Kilo Moto Joint Venture with Office des Mines d'Or de Kilomoto (Okimo) in terms of an agreement signed in June 2005.
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- Geology and history:
- The Zani-Kodo project comprises three licences (including the Zani-Kodo mining licence) covering 1,605km² in the highly prospective Ituri district in the north-east of the country. The historical Zani-Kodo operation reached a total production of 572,000t at 6.5g/t (mining high-grade veins), but was abandoned during the civil war in 1964. Zani-Kodo's mineralised zone is 700m in length at the surface and up to 30m wide. The Main Zone consists of silicification in sheared greenstone and banded iron formation with gold associated with sulphides. At the time of abandonment the (non-compliant) sulphide reserve was reported to be 352,000t at 8.15g/t.
- Current status and prospects:
- Ongoing analysis of an airborne geophysical survey previously completed over the entire area has allowed the geological framework of the area to be defined with greater accuracy and a series of regional target areas to be identified
- Mwana Africa continues to make good progress in its discussions with the DRC government regarding its Joint Venture with OKIMO to develop the Zani-Kodo gold prospect.
- Geological maps:
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