ZCCM Gold injects K45 million in Kasenseli Gold Mine project.
Written by admin on April 28, 2020
ZCCM Gold Company has injected approximately K45 million for the initial phase of the Kasenseli Gold Mine Project in Mwinilunga.
With the granting of the exploration licence by the Ministry of Mines and Minerals Development at the end of March 2020, ZCCM Gold moved on site and started mobilisation in the first week of April 2020 to undertake detailed exploration that will determine the extent of gold mineralisation in the licence area.
The extensive exploration works which include geophysics, geochemistry and diamond drilling activities are aimed at delineating the hard-rock gold deposit in the licence area.
The mining and processing of the alluvial gold is pending approval of the Environmental Project Brief by the Zambia Environmental Management Authority and the granting of the mining licence by the Ministry of Mines.
The capital injection will also go towards the fencing of the licence area to avoid and prevent any intrusion from outsiders.
This is contained in statement issued by ZCCM-IH Public Relations Manager Loisa Kakoma and availed to Capital FM News.