Zambezi Resources (ZR) Strike Gold
ZRL managing director Julian Ford said the results at Chumbwe deposits are 27.12g per tonne over 1.3m, 5.12g per tonne over 3,0m, 8.41g per tonne at 1.64m and 7.02g per tonne at 1.0m. These assay result were from the drilling of 24 boreholes using reverse circulation (RC). Three boreholes even showed visible gold flakes and nuggets. This represents a drilled resource measuring 500m and the eastern limit still remains open ended.
More drilling is planned in the second half of this year to determine the extent of gold mineralisation at Chumbwe. 33 boreholes will be drilled to complete the drilling programme.