Monday, July 21, 2014

Raptor Resources Holdings Inc. (RRHI) Developing Important Resources for Multiple Industries

The world is built largely on the twin pillars of energy and materials, and the unique mineral called barite has a foothold in both. On the energy side, barite is a mineral considered critical to the oil and gas industry as a weighting agent, key to the prevention of blowouts during drilling. As wells get deeper and deeper in search of scarcer fossil fuels, the volume of barite required grows. Of all the barite mined, nearly 80% of it goes to the oil and gas industry. But barite also plays roles on the materials side in a number of industries. It fills various roles in the automotive industry and acts as a filler for paint and plastics. It is used as a contrasting agent in medical scanning, and can be used for radiation shielding. There are many other applications for barite, making it a foundational mineral for the global economy.

All this is hugely important to Raptor Resources Holdings, whose subsidiary Mabwe Minerals is in the process of developing a major barite find in Zimbabwe, Africa. Their Dodge Mine in the hills of northeastern Zimbabwe will add to the supply chain for the oil and gas industry, but it is also host to exceptional higher grade barite types of special value to the automotive, medical, and paint additive sectors, as well as niche markets in heavy-duty concrete. The property has also been confirmed as a source of limestone, for which there is strong local demand. In addition, the company is investigating widespread occurrences of gossan deposits, for which initial surface level test samples have confirmed the presence of gold, copper, nickel, zinc, and lead.

Raptor Resources is also pursuing mineral exploration at its nearby Raptor Mine in Shamva, Zimbabwe, where tests have suggested significant nickel anomalies.

For more information, visit www.raptorresourcesholdings.com

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