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Saza-Makongolosi Project (SMP)
Gold Project
click to enlarge
PROJECT SUMMARY
| PROJECT SIZE: |
20,400 Ha |
| TARGET STYLE: |
Orogenic Gold. |
| DRILL TARGETS: |
Numerous. Currently being drilled. |
| TARGETS: |
Multiple gold-in-soil and rock anomalies over a 30km length of the Saza Shear Zone (SSZ). Four old mines in the licence block, with limited modern exploration. Lupa goldfields produced over 750,000 ounces of gold; New Saza Mine was the second-largest producer in pre-independence Tanzania, producing 270,000 ounces at 7.5g/t Au over a 17-year mine life. |
| PARTNER: |
Helio can earn 100% in the four individual licences subject to royalties. |
| LOCATION: |
Lupa Goldfield, southern Tanzania. |
| GEOLOGY: |
Early Proterozoic Lupa Block. |
WORK COMPLETED BY HELIO
- Ground geophysics surveys – IP and magnetics
- Soil and rock sampling
- Mapping and drillhole targeting
- Identification of the SSZ and Kenge Shear Zone (KSZ) as major gold targets
- RC drilling, 33 holes for 3,138m on Kenge, Cheche, Snakebite and Konokono targets
- Second phase 15,000m combined diamond/RC drilling programme underway. Diamond drilling as concentrated on the Kenge and Snakebite targets
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Diamond drilling has concentrated on the Kenge target, focus on outlining resource potential.
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Reconnaissance RC drill programme has been completed, 10 targets have been tested and all hit mineralization.
- More drill rigs being mobilised to test additional targets
Click to Enlarge
SMP Plan Map showing historic gold mines and new prospects
DRILL RESULTS
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