annual report

ERONGO PROJECT – NAMIBIA
EPL’s 2805 – 2811 (100%)
The Erongo group of concessions cover a 150 kilometre length and
50 kilometre width of a major mineralized corridor containing
defined gold mineralisation, graphite mineralisation and indications
of strong potential for deposits of rare earths, rare metals and rutile.
The large scale deep seated geological structure in the region are
host to the world’s largest Uranium mine (Rossing), the world’s
largest opencut hard rock tin mine (Uis), and the Navachab Gold
Mine (2.8 million ounces of gold).
The recent recovery in gold, copper, tantalite and tin prices, has
resulted in the Company re-assessing its past exploration
programmes. Surface samples have returned up to 46g/t Au. The
major tantalite mineralised corridor within the company’s tenements
has a strike length of 50 km and is up to 2000 metres wide. Previous
samples taken by the Company returned grades ranging up to 8 lb/t
Ta2O5 and 0.2% cassiterite (SnO2). Farm-out and joint venture
opportunities are being investigated.please do your own research.wealth is for ever changing hands.