Saturday, May 22, 2010

(TALKZIMBABWE) Exploration begins at Turk and Angelus Mine complex

Exploration begins at Turk and Angelus Mine complex
Posted: Thursday, May 20, 2010 12:07 pm

NEW Dawn Mining Corporation has commenced three separate exploration programmes at its Turk and Angelus Mine Complex in a bid to increase its gold resource base. Turk and Angelus Mine Complex consists of three mineshafts namely — the Main vertical shaft, the Armenian shaft and the Angelus shaft.

“Over the past several months New Dawn has advanced three independent exploration programmes at its Turk and Angelus Mine Complex that are intended to not only add to our existing gold resource base, but may also add a fourth operating section to the mine complex,” said the company’s president, Mr Ian Saunders, in a statement.

He said the exploration programmes would be funded from operating cash flow from gold sales generated from gold produced at Turk Mine.

“The three separate underground exploration programmes at Turk and Angelus mines complex are aimed at increasing New Dawn’s gold resources. Exploration has commenced in a new area located west of the Armenian Shaft.

“Phase two of the underground diamond-drilling programme has commenced in the area west of the Armenian shaft. The two-phase programme has been designed to cover the area from four Level and 12 Level along the approximately 100 metres of newly identified strike,” reads part of the statement.

New Dawn said the area of Batyali it was now exploring was approximately 240 metres deep.

“The section is expected to contain approximately 650 000 to 900 000 tonnes of mineralised material.”

New Dawn said it expected the first phase of the drilling to be completed in the third quarter.

Gold mining companies have embarked on various activities to increase output following the liberalisation of the sector by the central bank last year that allowed miners to look for own markets and get prices prevailing on the international market for their mineral.

The measures have seen companies once placed on care and maintenance resuming operations.

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