Roy C Tucker
The Lisungwe group holds licences entitling it to explore for gold, platinum and other minerals over 5375 sq kms of Malawi, a small democratic country in southern Africa whose the mineral potential is largely unexplored. The area was selected because of several historical gold workings and the presence of platinum and palladium in river gravels. The area also contains nickel, chrome, copper, rare-earths and tantalum. Exploration by a group company since 2000 has identified 20 specific targets for immediate follow-up. Detailed sampling over ultra-basic intrusive rocks has identified strongly anomalous platinum and palladium, and sampling records from old underground workings indicate some very high gold values. Regional stream sediment sampling has highlighted several totally new areas with anomalous gold. The company will concentrate on exploration for platinum group metals and gold for which pitting and trenching are currently in progress. Drilling is about to commence adjacent to gold workings – the first commercial drilling for gold in Malawi. In addition, the geological settings of known mineralization are being examined using advanced remote sensing techniques for further target generation.
|Annual Report 2008||31-03-2008||07-08-2008|
|Annual Report 2007||31-03-2007||17-08-2007|
|Annual Report 2006||31-03-2006||09-08-2006|
|Interim Report 2007||30-09-2007||06-12-2007|
|Interim Report 2006||30-09-2006||18-12-2006|
|Interim Report 2005||30-09-2005||20-12-2005|