Today before the
opening bell, Mabwe Minerals, a natural resources company engaged in the mining
and commercial sales of industrial minerals and metals, announced that its
Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., had acquired
mineral and metal rights to an additional 110 acres (272 acres) of property at
the Dodge Mine in Zimbabwe. As a result, the mining property has been extended
to 220 hectares (576 acres) of land.
With the expansion,
the Dodge Mine now extends to three mountains and a portion of a fourth moving
east to west. Previous gravity mapping efforts on Mabwe Minerals’ behalf in
2012 had detected the presence of barite in the largest mountain in this group
of mountains on the group’s western end. Recently, trench maps across the third
mountain demonstrated the presence of barite in two parallel lenses as well,
thereby confirming the test results of the graving mapping efforts.
Tapiwa Gurupira,
Director of Mabwe Minerals, stated, “During the gravity mapping project last
year, the owner of MWH Geo-Surveys kept pointing west with vocal excitement and
encouraged us to extend the property. We are thankful that the gravity mapping
project extended into this additional 110 hectares verifying what we had hoped,
data confirming the continued directional flow of multiple barite lenses.”
“With a number of
third party geologists having now visited Dodge Mine, it is certain that we
will continue to move west,” added Tapiwa.
Mabwe Minerals is
planning to finish the gravity mapping testing with drilling operations that
will confirm the prior test results in volume estimates. With the Dodge Mine
extension certificate having been issued by the Office of Mining Commissioners
in place, WGB Kinsey & Company, Mabwe Minerals’ Zimbabwe-based mining and
construction company, will proceed with the drilling plan for gravity mapping
finalization.
Updates regarding
the extension, including gravity and aerial maps, on-site photographs, and the
registered certificate of the property extension, can be found in Mabwe
Minerals’ latest newsletter, available at: http://dtg.fm/mbmi-message-1-14.
More information
about Mabwe Minerals in general can be found at: www.mabweminerals.com
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