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Thursday, December 18, 2014 12:32:31 PM
BMIN Operations
Nthale Iron Ore, Malawi
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. It is our intention to develop 100 million tons of ore at Nthale, sufficient to constitute a World Class Resource. Within the exploration plan, the company has corporate milestones to deliver a CPR (competent person’s report).
From magnetic imaging studies that have been completed over an initial area of 20km2, the company has located a number of ore bodies at Nthale Hill, Nthale North and Mphate. Our geologists have already estimated 4.6 million tons of surface ore in one small area “Nthale Hill”. Grab samples taken from the hill show an iron component of 68% Fe, indicating a high quality mineral rich ore. The company is focused on fast-track drilling to extract core samples at this site.
Yukon Gold, Canada
The Britannia Mining gold exploration rights were acquired through the merger with Micron Enviro Systems. The company holds six separate claims located in the productive Whitehorse mining area of the Canadian Yukon. These claims cover almost 300 acres and are located close to the famous Kinross White Gold discovery.
The gold in this area is known as ‘Placer Gold’, which is a reference to the manner in which the deposits are created. The term ‘Placer’ derives from the Spanish word placer, meaning a shoal or sandbank.
Placer Gold is found in sedimentary deposits that are formed when rocks containing gold veins (known as the ‘mother lode’) are eroded by a watercourse. The eroded particles are held in suspension and carried downstream by the flow until they are deposited some distance from the point of erosion. Being amongst the heaviest of the particles, the gold is often the first to be deposited. Whereas veins of gold are often diffuse and difficult to locate, this process helps to concentrate larger quantities of gold into relatively small areas, creating what are known as ‘pay streaks’.
Nthale Iron Ore, Malawi
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. It is our intention to develop 100 million tons of ore at Nthale, sufficient to constitute a World Class Resource. Within the exploration plan, the company has corporate milestones to deliver a CPR (competent person’s report).
From magnetic imaging studies that have been completed over an initial area of 20km2, the company has located a number of ore bodies at Nthale Hill, Nthale North and Mphate. Our geologists have already estimated 4.6 million tons of surface ore in one small area “Nthale Hill”. Grab samples taken from the hill show an iron component of 68% Fe, indicating a high quality mineral rich ore. The company is focused on fast-track drilling to extract core samples at this site.
Yukon Gold, Canada
The Britannia Mining gold exploration rights were acquired through the merger with Micron Enviro Systems. The company holds six separate claims located in the productive Whitehorse mining area of the Canadian Yukon. These claims cover almost 300 acres and are located close to the famous Kinross White Gold discovery.
The gold in this area is known as ‘Placer Gold’, which is a reference to the manner in which the deposits are created. The term ‘Placer’ derives from the Spanish word placer, meaning a shoal or sandbank.
Placer Gold is found in sedimentary deposits that are formed when rocks containing gold veins (known as the ‘mother lode’) are eroded by a watercourse. The eroded particles are held in suspension and carried downstream by the flow until they are deposited some distance from the point of erosion. Being amongst the heaviest of the particles, the gold is often the first to be deposited. Whereas veins of gold are often diffuse and difficult to locate, this process helps to concentrate larger quantities of gold into relatively small areas, creating what are known as ‘pay streaks’.
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