Read this as it is very relevant....im glad to see the MD of fortitude 9Ian Egan)is the ex GM of BHP and he has a very good reputation...cheers JAM
CityView’s metal projects are held through Fortitude Minerals Limited which controls nine concession areas totaling more than 15,000 square kilometres of prime mineralised areas in Angola. CityView owns 40% of Fortitude and is continuing to increase its holding in Fortitude through a combination of share acquisitions and subscriptions. Fortitude has a first class management team chaired by Ian Egan, formerly BHP’s General Manager – Non ferrous metals. Fortitude’s portfolio comprises:-
Five copper licences running for several hundred kilometres along the western seaboard of Angola and encompass the greater part of the Upper Cuvo formation. Copper mineralisation has been reported along the entire length of the Upper Cuvo formation, with potential to be a new copper province. Included amongst the copper licences is Cachoeiras de Binga on which over 6,000 metres of core has been drilled. Fortitude’s immediate objective is to bring this resource to a bankable feasibility so that production can commence.
Chipindo Gold licence area with high gold grades reported in artisinal workings. Its geology is similar to the Minas Gerais gold area of Brazil and to the Kalgoorlie region of Western Australia.
Longonjo copper-gold-rare earths licence area containing Catabola and Longonjo Carbonatite. At Catabola copper and iron oxide mineralisation has been identified over a 1.6 kilometre strike length. A major drilling programme is now in progress. At Longonjo Carbonatite niobium, tantalum and uranium minerals have been identified.
Longonjo diamond licence ( to be transferred to
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