NEWSdorin assesses Tafuna Hills for mining operation
Mandorin Goldfields Inc
MGD
Shares issued 42,541,228
Jun 4 2002 close $.050
Tuesday Jun 4 2002
News Release
Mr. Malcolm Stevens reports
GOLD EXPLORATION
Mandorin Goldfields' gold strategy continues with the expansion of its gold
exploration under its arrangements with Independence Gold Mining Zimbabwe
Private Limited, the Zimbabwe gold-production arm of the UK-based Lonmin
PLC. In addition, management continues to seek out gold investment opportunities
in North America and Australia.
Tafuna Hills project
Indepgold has advised the company that the extensive elluvial and alluvial deposits
surrounding the company's gold leases on Tafuna Hills are to be evaluated with a
view to designing and operating a suitably sized mining operation. A small testing
plant is currently being sourced, capable of bulk testing the deposits which are
known to contain significant, but as yet unquantified, amounts of free gold.
It is proposed to assess the deposits, which are known to thicken from 0.5 to five
metres thick at 300 metres from the Hill proper, by bulk sampling and processing
via a scrubbing plant, Knelson concentrator and gold table.
A scoping study is in progress to establish a pilot plant-scale mining operation
within the company's leases in Tafuna Hills. Initially, it is proposed to mill and
process the known resources of oxidized ore from a number of outcropping
quartz reefs. It is anticipated that the operation will provide a positive cash flow to
finance further drilling and ultimately mine-scale development of the company's
potential resources.
Tafuna Hill has a recent history of gold mining dating back to 1905 when the first
mine, the Joker mine, was established on ancient workings that extended to a
depth of 30 metres on a quartz reef. The Joker mine is recorded as being the
richest of all the mines on the hill with a total official output of 933 kilograms of
gold at an average grade recovered of 34.6 grams per tonne.
During the last century, up to 1977, some 11 small mines on Tafuna officially
produced roughly seven tons of gold at an average recovery of 12.2 grams per
tonne. All of the old mines closed due to a lack of capital and equipment.
The company believes that the combination of favourable geology, and known
mineralization that was exploited in the past, provide evidence that the property
has good potential for hosting undiscovered gold resources in multiple
shear-related quartz/carbonate reefs.
Considering the size of the system, it is also possible that disseminated auriferous
sulphide-associated deposits may also be discovered.
Further regional scale exploration has been completed within the company's
exploration tenements in Zimbabwe.
Mullingar project
Recent and continuing programs have focused upon the Mullingar project area
where a broad area of highly sheared and altered pyritic-Shamvaian
metasediments is associated with a strong gold in-soil geochemical signature, and
numerous coincident zones of high apparent chargeability and resistivity.
Exploration results indicate that the Shamvaian sediments within EPO 1072, and in
particular within the area now under detailed investigation, offer the potential for
establishing a bulk minable resource.
Interest within the area was based, originally, upon results of a helicopter magnetic
and radiometric survey conducted by the company over an area of 20.5 square
kilometres. Analysis of the data indicated hot spots of intense potassic alteration
subsequently found to relate to broad gold in-soil anomalies, defined by one of the
previous EPO holders. The soil sampling program covered an area of 790
hectares of pyritized metasedimentary units and mineralized and sheared porphyry
intrusives.
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