Further Exploration in Africa

Metallon is also committed to increasing its exploration and mining activities throughout Africa. Metallon has an experienced technical team, which are currently reviewing a number of exciting opportunities. Our strategy is to initially focus on acquisition of advanced projects with potentially open pittable resources that can be taken to feasibility stage within a year. Metallon gains access to prospective ground in early stages of exploration via option agreements to explore and acquire if results are positive.

Democratic Republic of Congo

Metallon is in the process of securing four exploration properties in the Maniema province near Bukavu. The properties have the same geological setting as Banro Mining’s multi-million ounce Twangiza, Namoya and Lugushwa gold deposits.

An airborne geophysical survey over an area measuring 47km by 74km is planned to identify drilling targets.

Tanzania

Metallon is currently in the process of securing mineral rights located within the Lake Victoria gold fields.

The prolific Lake Victoria Goldfields hosts world-class gold deposits, including:

  • Geita, 18Moz
  • Bulyanhulu, 15Moz
  • North Mara, 8Moz
  • Golden Pride, 6 Moz
  • Buswagi, 8Moz

Lake Victoria Goldfields