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Mining industry

Resource Mining Corporation Ltd Makes Progress at Mpanda Copper-Gold Project in Tanzania

Strategic Insights

— 1 min read

Resource Mining Corporation Ltd (RMC) is advancing its highly prospective Mpanda Copper-Gold Project in Tanzania, having completed laboratory analysis of soil and auger samples from the Stalike and Kabungu prospects. The company has identified an extensive mineralised system, with copper-gold soil anomalies and rock chip samples demonstrating significant gold and copper grades. RMC is weighing up the potential for near-term production at the project, leveraging the proximity to nearby third-party infrastructure. The company is also assessing the location of artisanal mine workings and gathering data to inform future drill programs and resource development.

Key Takeaways:

  • RMC has completed laboratory analysis of soil and auger samples from the Stalike and Kabungu prospects at its Mpanda Copper-Gold Project in Tanzania, identifying an extensive mineralised system.
  • Copper-gold soil anomalies and rock chip samples from the Kabungu prospect returned grades ranging from 0.5 g/t gold to 36.7 g/t gold and 0.3% to 12% copper.
  • RMC has mapped all mine workings within and adjacent to its licences at Mpanda, including extensive small-scale workings at the Stalike and Kabungu projects.
  • The company is leveraging the proximity to nearby third-party infrastructure to assess the potential for near-term production at the project.
  • RMC is gathering data to inform future drill programs and resource development at the Mpanda project, with the goal of accelerating development of its own mineral production operations without extensive capex.

Statistics:

  • The Mpanda Copper-Gold Project covers an area of 1,056 square kilometres.
  • RMC has collected 16 rock chip samples from small-scale artisanal mines within its tenements at Kabungu, with five samples exceeding 11g/t gold and two exceeding 10% copper.
  • Approximately 40 kilometres of copper-gold mineralisation exists along a north-west to south-east trend at Mpanda.
  • The Stalike and Kabungu prospects have yielded numerous copper-gold soil anomalies, demonstrating a strong indication of the presence of an extensive mineralised system.

Sources:

  • Resource Mining Corporation Ltd (2023) - Mpanda Copper-Gold Project update.

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