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Pambili Natural Resources Corporation V.PNN

Alternate Symbol(s):  PNNEF

Pambili Natural Resources Corporation is a Canada-based natural resources exploration and development company. The Company is focused on activities in Zimbabwe, including exploration and evaluation of gold mining properties. Its projects include the Golden Valley Project, and Happy Valley Mine. The Golden Valley Project is a typical Orogenic-style gold deposit located in the Bulawayo Greenstone Belt. The Golden Valley project has a high-grade underground mining with gold production. The Golden Valley Project covers an area of 48 hectares. Its Happy Valley Mine is a producing gold mine. The mine is located 15 kilometers (km) from the city of Bulawayo, Zimbabwe. The Company’s operational activities are conducted in two geographic segments: Canada and Zimbabwe.


TSXV:PNN - Post by User

Post by lotsofcash8on Nov 09, 2021 10:01am
133 Views
Post# 34104329

Some DD off their Facebook Page

Some DD off their Facebook PageLooks like their first investment, will be in gold, but it will be a producing mine.  Which is a lot better than leasing land and finding nothing:  A producing mine provides instant cash flow.

Through my experience with a number of gold projects, I have identified an opportunity to earn into a producing gold mine in Zimbabwe. The Pennine board has reviewed this project and has agreed that this could be the building block on which to expand Pennine’s interests in the region.

Why Zimbabwe? Although the Zimbabwe Archean Craton hosts some 800 recorded gold deposits with more than 6,000 identified gold occurrences, the country still produces far less gold than similar cratons in the major gold producing regions of Tanzania, Australia and Canada.

Despite their known potential, most of the known deposits in Zimbabwe remain largely untapped. Greenfield exploration has been sporadic for a number of reasons, not least being the hyper-inflation in the early 2000s. Mining has been predominantly “on reef” and financed through internal cash flow, with few projects being able to raise capital on public markets.

Pennine’s initial objective is to earn-in to a producing mine and raise funds to complete an NI 43-101 resource estimate for the deposit. Thereafter, the company will seek to raise development capital through a public offering in order to fully exploit the resource.

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