CANADIAN miner, Pambili Natural Resources Corporation, has found significant gold potential from initial due diligence on the London Wall group of gold mines claims.
In November 2024, Pambili announced that it had signed a 12-month option agreement with Long Strike Investments (Private) Limited to acquire the gold mines and claims located in the Gwanda district, Matabeleland South Province.
Under the terms of the option, Pambili has the right to acquire 21 gold claims, which cover 173 hectares (ha) and include the previously producing London Wall and New Jessie mines.
In addition, Long Strike applied for contiguous extensions to the claims, totalling an additional 547,8ha.
“Pambili Natural Resources Corporation is pleased to announce positive results from initial due diligence on the London Wall group of gold mines (London Wall), located in the Gwanda district of Matabeleland, Zimbabwe,” Pambili said in a statement.
“Pambili announced it had secured a 12-month option to purchase London Wall on November 20, 2024. A desktop review of historical data has provided significant evidence of multiple high-grade gold deposits at London Wall never been previously evaluated through modern exploration methods. One target, the East Shaft, is ready to be brought into production in the near term.”
The miner has two gold projects in Zimbabwe, Golden Valley Mine and Happy Valley Mine.
Golden Valley Mine has a history of high-grade underground mining with historic gold production located in the Matabeleland province, in the Bulawayo greenstone belt.
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Happy Valley Mine is a gold-producing mine, located 15 kilometres from Bulawayo.
“A desktop study of the London Wall region has identified a potential large-scale gold system, with up to 3,3km of possible strike, spread across three target shear zones. Pambili is planning a surface drill programme to test for gold mineralisation and down-dip continuity across these shear zones,” Pambili said.
“Pambili notes several mines in the Gwanda greenstone belt are extracting ore from 1 000m or more below surface. The nearby Jessie Mine is located on a parallel trend and, up to 1990, had recorded production of 440 000 oz (ounces) of gold. Operations at Jessie Mine continue at depth.”
Pambili believes London Wall can provide low-cost entry into a large-scale underground mining operation.
“We believe the London Wall has significant potential for a large-scale underground mining operation. Despite their size, our targets have never been properly explored using modern methods, and London Wall has the potential to become a company builder,” Pambili chief executive officer Jon Harris said.
He said a metallurgical test on the ore recovered from the West Shaft illustrated London Wall’s high-grade potential, while data from the East Shaft showed potentially 16 000 tonnes of ore at an average grade of 3 grammes per tonne.
“Although an idealised plan at this stage, it is based on the former operator’s experience of mining at London Wall and presents a superb set of drill targets including a potential 1 500 oz gold and 48 000 oz silver,” Harris said.
