Raptor Resources, a natural resources company focused on mineral and
metal resource acquisition, exploration and development, reports that its
Zimbabwe affiliate, TAG Minerals Zimbabwe (Private) Ltd. (“TAG-Z”), has
acquired the mineral and metal rights to the rest of the Dodge Mine mountain
range in Zimbabwe, significantly adding acreage and opportunity to the
company’s portfolio.
The final phase of Raptor Resources’ expansion plan adds an additional
612 acres to its existing lease, bringing company metal rights to the entire
mountain range to a total of 1,188 acres across 2.7 miles.
“We have patiently waited for the rest of the mountain range to become
available since gravity mapping in 2012 confirmed the continued flow of barite
across the entire range, including a number of high density hot spots
associated with Volcanic Massive Sulphide (VMS) deposits. With Mabwe Minerals
in early stage barite and limestone production on the east side of the mountain
range, TAG Minerals will concentrate on developing these gossan deposits on the
west side of the mountain range with the intent to work with the Bindura
Smelter and Refinery company to utilize their spare capacity,” TAG-Z Director
Tapiwa Gurupira stated in the news release.
In its latest edition of the RaptorReport Newsletter, the company shows
the aerial map of both Raptor Mine and Dodge Mine, registration certificates of
the added property, and information concerning the nickel concessions. View the
full newsletter here: http://dtg.fm/RaptorReport.
As reported by the company, “Raptor Mine was prospected by soil
geochemistry and geophysical surveys in 1970 that delineated significant nickel
anomalies associated with komatiitic flows. … After reviewing initial core
drilling data, Haynes, an experienced geologist, suggested that the favorable
bottom contact with ferruginous sediments should be the area for further
exploration directed towards the base of the westward dipping basal contact.”
Most nickel ores have several recoverable metals creating multiple streams
of revenue. Raptor Mine is located near Zimbabwe’s premier nickel mine, the
Trojan Nickel Mine, and has similar host rock, nickel mineralization, and modes
of occurrence as Trojan Mine.
The nearby Bindura Smelter and Refinery complex produces high quality
nickel cathodes, copper sulphide, and cobalt hydroxide. The refinery requires
nickel content of 1.18% for commercial production. Partial surface sampling at
Raptor Mine meets this requirement, yielding nickel content at 1.18% and 1.56%.
Raptor Resources points to several additional key points from historical
reports:
The ultra-mafic rock at Raptor Mine lacks more of the carbonate matter
and talcose serpentinized dunite compared to Trojan Mine. From a metallurgical
point, this offers a great advantage as expensive flotation reagent is not
required.
Raptor Mine nickel mineralization appears in a broad zone 60 meters wide
stretching over 1.5 kilometers long.
Surface nickel mineralization is present in encouraging amounts
suggesting the potential for economic extraction at shallow depths (15-to-30
meters deep).
For more information visit www.raptorresourcesholdings.com
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