(TheNewswire)
July 29, 2022 – TheNewswire - CALGARY, Canada – Pambili Natural Resources Corporation ("Pambili" or the "Corporation") (TSXV:PNN) is pleased to announce that it has appointed a drilling contractor for Phase 1 of its planned exploration programme at the Happy Valley Mine (“HVM”), in Zimbabwe.
After receiving competitive bids from three local drilling companies, the Corporation selected KW Blasting, a division of Drilling Resources Zimbabwe (Private) Limited, to complete some 1,200m of Reverse Circulation drilling at HVM. Drilling is expected to begin in early August and samples from the campaign will be analyzed by Antech Laboratories in Kwekwe. Antech is Zimbabwe’s leading ISO/IEC 17025 accredited commercial metallurgical assay laboratory servicing the mining and exploration industries in Zimbabwe, the SADC region and beyond.
CEO Jon Harris commented: “In terms of the Earn-in signed with Techshed Investments, the owner of HVM, Pambili has committed to completing a limited exploration campaign to determine the extent and magnitude of the gold mineralization previously identified from previous surface exploration work. The appointment of a drilling contractor is the first stage in that campaign.”
About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe and in the province of Alberta.
For further information, contact:
Pambili Natural Resources Corporation
Jon Harris (CEO)
T: 403 277 4421
E: jon.harris@pambilinrc.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information Forward-looking statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to work to be done on the Happy Valley mine in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicablelaw.
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