TSXV:PNN - Post Discussion
Post by
Oldschool2022 on Aug 03, 2022 4:04pm
News today drilling has started. Hold tight!!
CALGARY, Canada (Aug. 3, 2022)—Pambili Natural Resources Corporation ("Pambili" or the "Corporation") (TSX-V: PNN) is pleased to announce that drilling has begun at the Happy Valley Mine (“HVM”) in Zimbabwe to validate previous surface exploration work.
The drilling rig, owned and operated by KW Blasting of Harare, a division of Drilling Resources Zimbabwe (Private) Limited, is now engaged in a Phase 1 resource drilling program to define a 200-metre strike and 150m down-dip, NI 43-101-compliant resource on a drill grid of 40m x 40m.
Drilling has begun at Happy Valley Mine, near Bulawayo, Zimbabwe.
The program requires about 1,180m of Reverse Circulation (RC) drilling, with holes on a 40m line spacing. Sampling and testing will be taken at one-metre intervals, generating 1,180 sample points and percussion chips that characterize the geology of the different rock types. This information will form the basis for estimating a mineral resource on the drilled area and help determine the parameters for the second phase of drilling, which will include diamond drilling and a closer hole spacing. More details of the program are available in the National Instrument (NI) 43-101 Technical Report on the Happy Valley Mine.
CEO Jon Harris commented: “Despite the plethora of small-scale gold mines in Zimbabwe, very few—if any—have had the required resources to drill out their claims and therefore do not know the full potential of their assets. Pambili believes that by investing in clearly defined drilling programs, it can be the game-changer in the small-scale mining sector in Zimbabwe. This program at the Happy Valley Mine is only the start of our journey.”
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