Resource Mining Corp uncovers extensive copper-gold anomalies at Mpanda project in Tanzania

A soil sampling program at Resource Mining Corporation’s (ASX: RMI) newly-acquired Mpanda copper-gold project in Tanzania has delineated nine distinct copper-in-soil anomalies over a strike length of 2 kilometres.

Initial assays have confirmed two anomalous targets at Stalike and Mpanda Ndogo along a regional northwest-to-southeast strike and east-to-west enrichment zones.

Rock samples from Stalike returned best results of 13.58% copper with 3.24 grams per tonne gold, 10.78% copper with 1.41g/t gold and 4.12% copper with 0.02g/t gold.

Assays from Mpanda Ndogo confirm the presence of significant coincidental copper-gold anomalies along a 5km strike length.

Encouraging results

Executive chairman Asimwe Kabunga said the initial results were encouraging for the company’s resource base.

“These results are extremely exciting and open a valuable new opportunity within our Tanzanian project portfolio,” he said.

“They provide confidence in the defined copper soil and auger anomalies and confirmation of gold mineralisation coincidental with the anomalies.”

“[This] signals a significant base and precious metals opportunity to create value for our shareholders.”

Project acquisition

Last month, Resource Mining Corporation assumed ownership of the Mpanda and Mbozi copper-gold projects when it acquired 75% of Tanzanian company Vancouver Mineral Resources.

The projects comprise 11 granted tenements across 1,580 sq km of the Ubendian Orogenic Belt.

They sit within known mineral fields and are adjacent to major discoveries and high-grade mines.

Previous field mapping and soil surveys had defined major geochemical anomalies in both projects along key shear zones, providing the company with significant immediate opportunity.

A large sampling program within the project area is currently in progress with 9,700 samples collected to date.

Nickel-copper discovery

In January, Resource Mining Corporation confirmed the discovery of nickel-copper sulphide mineralisation at the Liparamba project in Tanzania.

The program was the first of its kind in the under-explored region and identified mineralisation at between 133 metres and 135m downhole.

Targets defined at depth from a recent audio-frequency magnetotellurics audio-frequency magnetotellurics survey at the project are yet to be tested.