SlideShare a Scribd company logo
1 of 7
Download to read offline
2018
Lovemore Mauled
Mauled Reources (Pty) Ltd
1/17/2018
Project Seeking Investors
Title: Chegutu Gold Claims Geology
Summary Report
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
Contents
Contents........................................................................................................................................................0
1 Location: Giant Gold Mine Neighbor, Gadzema area, Chegutu............................................................2
1.1 Size ................................................................................................................................................2
 The total size of the Giant Gold mine is 15 Hectares....................................................................2
1.2 Number of Claims .........................................................................................................................2
 The total number of claims of gold is 15.......................................................................................2
2 History of Mining Activity in the Area...................................................................................................2
3 Location of the Claims...........................................................................................................................3
4 Geology and Historical Gold Potential..................................................................................................3
5 Exploration Work Done.........................................................................................................................4
6 Geological mapping ..............................................................................................................................4
7 Geophysics ............................................................................................................................................5
8 Conclusion.............................................................................................................................................6
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
1 Location: Giant Gold Mine Neighbor, Gadzema area, Chegutu
1.1 Size
 The total size of the Giant Gold mine is 15 Hectares
1.2 Number of Claims
 The total number of claims of gold is 15.
2 History of Mining Activity in the Area
Giant Gold Claims are positioned within a major mining district (Fig. 1) with remarkable gold
mines and as such the geology and historical gold production are of notable importance. The
immediate neighbors are also positioned on the continuation of the ore body and mineralized
trend intersected within the Giant Gold and these are;
 Bay Horse mine is reported to be located at 17O
57’30”S and 29O
58’30”E and the geology
is characterized by quartz veins dipping 40O
-50O
N in greenstones. The average recovery
grade was 8.1g/t and cumulative mined gold was 1 935.48kg by 1984 (Bartholomew,
1990).
 Blue Rock Mine lies within the old Stockdale farm in the Chegutu District, 6km north of
the town of Chegutu and 3km south of the Giant Mine. Geological positioning of the Blue
Rock Mine is located within the Gadzema greenstone belt near Chegutu, and the
Maiden JORC Resource at Blue Rock totals 8.5 million tonnes @ 1 g/t for 270,000 oz.,
using a cutoff grade of 0.6 g/t (ACR, 2010). Average recovery grade was 10.3g/t and
cumulative mined gold was 263.93kg by 1984.
 Elvington Mine (18O
01’30”S; 30O
08’00”E): From these property and yielded a total of 11
098oz of gold. The New Found Out syndicate acquired the claims in 1922 and 5 026oz
of gold being recovered. a reported average recovery of 9.6g/t and 565.21kg mined by
1984(Bartholomew, 1990). In 2013 at the time of its closure, Elvington was producing
about 40kg to 50kg of gold per month. Elvington mine has 21 blocks of mining claims
covering a total area of 473 hectares with a monthly potential revenue of $2, 4 million
with a net profit of $800,000 per month if fully exploited and at least 390,000 tonnes at
3,4g per tonne of proven ore reserves.
 Gotit Mine lies slightly north of the New Found Out mine and these claims were pegged
in 1906 on the northern extension of the New Found Out banded iron-stone.
 New Found Out (18O
01’0”S; 30O
08’00”E) is located one and quarter miles north-west of
the Giant Mine. The gold produced was 655.85kg with an average recovery of 11.1g/t.
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
3 Location of the Claims
Giant gold claims are located in the Gadzema mining district, 11 km from the town of Chegutu
along the Chinhoyi Road. The 15 gold claims are exactly located 700m west of the Giant Gold
Mine.
4 Geology and Historical Gold Potential
Fig.02: Geological map of the Giant Gold Claims
Fig. 02 shows the surface geology covered by the 15 Giant gold Claims. Most of the target area
is covered by grey and brown soil with exception of a large outcrop of dolerite and small
outcrops of granite.
Giant Mine area has a highly faulted and fissured ore body striking NS – striking banded iron
formation with interbedded chloritic schist and sulphide rich layers up to 5mm thick and
mineralogy of ore body is pyrrhotite, pyrite, arsenopyrite and chalcopyrite in decreasing order of
abundance with 17 474.11kg of gold mined at an average recovery of 8.2g/t by 1984. Giant
Mine ore body was mined down to the 7 level (200 m from surface. The Giant resources in the
inferred category were interpreted to be 300 000oz with a grade of 2.2 and 4 400 000 at a cut
off of 1.0g/t.
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
5 Exploration Work Done
The exploration work done in The Giant gold Claims is mainly:
- Geophysics: Ground Magnetic survey and Induced Polarization Survey.
- Detailed geological mapping.
- Soil Geochemistry sampling (50mx100m Grid).
- Random Rock Sampling while doing soil sampling survey.
6 Geological mapping
Geology map (fig.02) did show any major outcrops or features; most of the area is covered by
brown and grey soil. The only outcrops existing within the claims are a large dolerite and small
granitic intrusions.
Soil Sampling
Soil Sampling was collected by local company geologist within a 50mx100m grid. The results
were very good. The good gold values in soil were ranging between 0.5 to 1.76 g/t as shown in
fig. 03. These high gold values in soil are considered as very good indications of the area gold
potential. The rocks underneath the soil cover will carry of course higher value of gold.
The quick interpretation of the results reveals 3 major areas (A, B and C) with good results.
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
Rock Sampling
Fig.04: Soil Sampling Results of the Giant Gold Claims
Only few rock samples were collected at the same time of soil sampling, the lack of outcrops
makes the rock sampling exercise not easy to achieve.
The rock samples were collected with different methods, some are rock channel samples and
other are rock chip samples. All the rocks were analyzed for gold and the results are extremely
encouraging ranging between 0.5 g/t. and up to 3.58 g/t.
Fig. 04 shows a nice correlation between the high gold value detected in Soil and the rock
samples collected with also high value.
The rocks samples results confirm the high gold value in Soil.
7 Geophysics
Chegutu Gold Claims Preliminary Assessment Report
Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399
Fig.04: Ground Magnetic anomaly of the Giant Gold Claims
All of 03 areas with high gold values in Soil and Rock samples show high ground magnetic
anomalies.
8 Conclusion
Preliminary exploration results shows:
1- High gold value in Soil up to 1.76 g/t.
2- High gold value in Rocks up to 3.58 g/t
3- High ground magnetic anomalies in the same 3 area where soil and rock high value are.

More Related Content

What's hot

Feldspathoids
FeldspathoidsFeldspathoids
Feldspathoids
jo
 

What's hot (20)

Fractures and fault 2017
Fractures and fault 2017Fractures and fault 2017
Fractures and fault 2017
 
Extinction angle and Types of Extinction in Minerals.pdf
Extinction angle and Types of Extinction in Minerals.pdfExtinction angle and Types of Extinction in Minerals.pdf
Extinction angle and Types of Extinction in Minerals.pdf
 
UNITED NATIONS FRAME WORK CLASSIFICATION (UNFC) AND ITS APPLICATION in the A...
UNITED NATIONS FRAME WORK CLASSIFICATION (UNFC) AND ITS APPLICATIONin the A...UNITED NATIONS FRAME WORK CLASSIFICATION (UNFC) AND ITS APPLICATIONin the A...
UNITED NATIONS FRAME WORK CLASSIFICATION (UNFC) AND ITS APPLICATION in the A...
 
Economic geology - Metallogeny and plate tectonics
Economic geology - Metallogeny and plate tectonicsEconomic geology - Metallogeny and plate tectonics
Economic geology - Metallogeny and plate tectonics
 
OLIVINE GROUP OF MINERALS
OLIVINE GROUP OF MINERALSOLIVINE GROUP OF MINERALS
OLIVINE GROUP OF MINERALS
 
1940_Magmatic Differentiation.pptx
1940_Magmatic Differentiation.pptx1940_Magmatic Differentiation.pptx
1940_Magmatic Differentiation.pptx
 
Supergene deposit by rajat
Supergene deposit by rajatSupergene deposit by rajat
Supergene deposit by rajat
 
Twinning in crystals(crystallography)
Twinning in crystals(crystallography)Twinning in crystals(crystallography)
Twinning in crystals(crystallography)
 
Induced polarization method (electrical survey)
Induced polarization method (electrical survey)Induced polarization method (electrical survey)
Induced polarization method (electrical survey)
 
Diversification of magma
Diversification of magmaDiversification of magma
Diversification of magma
 
Ophiolite
OphioliteOphiolite
Ophiolite
 
Interference colour and interference figures
Interference colour and interference  figuresInterference colour and interference  figures
Interference colour and interference figures
 
Wall Rock Alteration.pdf
Wall Rock Alteration.pdfWall Rock Alteration.pdf
Wall Rock Alteration.pdf
 
Feldspathoids
FeldspathoidsFeldspathoids
Feldspathoids
 
A seminar on ramsay classification of fold
A seminar on ramsay classification of foldA seminar on ramsay classification of fold
A seminar on ramsay classification of fold
 
Economic geology - Genetic classification of ores
Economic geology - Genetic classification of oresEconomic geology - Genetic classification of ores
Economic geology - Genetic classification of ores
 
Felspar group
Felspar groupFelspar group
Felspar group
 
Seismic Reflection
Seismic ReflectionSeismic Reflection
Seismic Reflection
 
Komatiite
KomatiiteKomatiite
Komatiite
 
Continental rifts of the world
Continental rifts of the worldContinental rifts of the world
Continental rifts of the world
 

Similar to Chegutu gold project seeking investors in Zimbabwe

Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013
Adnet Communications
 
20130718 mgg investor_presentation
20130718 mgg investor_presentation20130718 mgg investor_presentation
20130718 mgg investor_presentation
Adnet Communications
 
Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013
Adnet Communications
 
Max resource presentationnov12
Max resource presentationnov12Max resource presentationnov12
Max resource presentationnov12
nabarnes
 
Terrax Minerals Coporate Presentation
Terrax Minerals Coporate PresentationTerrax Minerals Coporate Presentation
Terrax Minerals Coporate Presentation
Company Spotlight
 

Similar to Chegutu gold project seeking investors in Zimbabwe (20)

iMetal Resources - IMR.V - Rocks to Riches Report June 2019
iMetal Resources - IMR.V - Rocks to Riches Report June 2019iMetal Resources - IMR.V - Rocks to Riches Report June 2019
iMetal Resources - IMR.V - Rocks to Riches Report June 2019
 
December 2013 Quarterly Report
December 2013 Quarterly ReportDecember 2013 Quarterly Report
December 2013 Quarterly Report
 
Gold Project In Mashonaland West, Zimbabwe seeks investors
Gold Project In Mashonaland West, Zimbabwe seeks investorsGold Project In Mashonaland West, Zimbabwe seeks investors
Gold Project In Mashonaland West, Zimbabwe seeks investors
 
Cxb corp-profile-may-2015
Cxb corp-profile-may-2015Cxb corp-profile-may-2015
Cxb corp-profile-may-2015
 
Minaurum - Corporate Presentation
Minaurum - Corporate PresentationMinaurum - Corporate Presentation
Minaurum - Corporate Presentation
 
Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013
 
20130718 mgg investor_presentation
20130718 mgg investor_presentation20130718 mgg investor_presentation
20130718 mgg investor_presentation
 
Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013Minaurum Gold Corporate Presentation - Summer 2013
Minaurum Gold Corporate Presentation - Summer 2013
 
Investor Presentation
Investor PresentationInvestor Presentation
Investor Presentation
 
Minaurum Investor Presentation
Minaurum Investor PresentationMinaurum Investor Presentation
Minaurum Investor Presentation
 
Presentation
PresentationPresentation
Presentation
 
Corporate Presentation
Corporate PresentationCorporate Presentation
Corporate Presentation
 
News Release: Acquisition of Roy and Porcupine
News Release:  Acquisition of Roy and PorcupineNews Release:  Acquisition of Roy and Porcupine
News Release: Acquisition of Roy and Porcupine
 
Investor Presentation
Investor PresentationInvestor Presentation
Investor Presentation
 
Minaurum - Presentation
Minaurum - PresentationMinaurum - Presentation
Minaurum - Presentation
 
Corporate Profile September 2015
Corporate Profile September 2015Corporate Profile September 2015
Corporate Profile September 2015
 
Max resource presentationnov12
Max resource presentationnov12Max resource presentationnov12
Max resource presentationnov12
 
Mithril Resources September 2013 Quarterly Activity Report
Mithril Resources September 2013 Quarterly Activity ReportMithril Resources September 2013 Quarterly Activity Report
Mithril Resources September 2013 Quarterly Activity Report
 
TriMetals Mining Inc. april-2017-corporate-presentation
TriMetals Mining Inc. april-2017-corporate-presentationTriMetals Mining Inc. april-2017-corporate-presentation
TriMetals Mining Inc. april-2017-corporate-presentation
 
Terrax Minerals Coporate Presentation
Terrax Minerals Coporate PresentationTerrax Minerals Coporate Presentation
Terrax Minerals Coporate Presentation
 

More from Lovemore Freddie Mauled (Geologist)

More from Lovemore Freddie Mauled (Geologist) (9)

Gold Project in Nyanga, Zimbabwe Seeks Investors to develop and mine
Gold Project in Nyanga, Zimbabwe Seeks Investors to develop and mineGold Project in Nyanga, Zimbabwe Seeks Investors to develop and mine
Gold Project in Nyanga, Zimbabwe Seeks Investors to develop and mine
 
Gold Project In Shurugwi, Zimbabwe Seeks US$160 000 to develop
Gold Project In Shurugwi, Zimbabwe Seeks US$160 000 to developGold Project In Shurugwi, Zimbabwe Seeks US$160 000 to develop
Gold Project In Shurugwi, Zimbabwe Seeks US$160 000 to develop
 
Lithium Project Seeking Investors In Zimbabwe
Lithium Project Seeking Investors In ZimbabweLithium Project Seeking Investors In Zimbabwe
Lithium Project Seeking Investors In Zimbabwe
 
Shopping Mall Development Seeking Investors in Ghana
Shopping Mall Development Seeking Investors in GhanaShopping Mall Development Seeking Investors in Ghana
Shopping Mall Development Seeking Investors in Ghana
 
Copper Exploration project Seeks Investor......by Lovemore Mauled
Copper Exploration project Seeks Investor......by Lovemore Mauled Copper Exploration project Seeks Investor......by Lovemore Mauled
Copper Exploration project Seeks Investor......by Lovemore Mauled
 
Gold project seeks investor/ Joint Venture Partner...by Lovemore Mauled
Gold project seeks investor/ Joint Venture Partner...by Lovemore MauledGold project seeks investor/ Joint Venture Partner...by Lovemore Mauled
Gold project seeks investor/ Joint Venture Partner...by Lovemore Mauled
 
Gold Mining Project Seeks Funding....by Lovemore Mauled
Gold Mining Project Seeks Funding....by Lovemore MauledGold Mining Project Seeks Funding....by Lovemore Mauled
Gold Mining Project Seeks Funding....by Lovemore Mauled
 
10 MegaWatt Solar PV project IN Randfontein , South Africa seeks Funding..by ...
10 MegaWatt Solar PV project IN Randfontein , South Africa seeks Funding..by ...10 MegaWatt Solar PV project IN Randfontein , South Africa seeks Funding..by ...
10 MegaWatt Solar PV project IN Randfontein , South Africa seeks Funding..by ...
 
Solar PV Project Seeks Investor in Zimbabwe...by Lovemore Freddie Mauled
Solar PV Project Seeks Investor in Zimbabwe...by Lovemore Freddie MauledSolar PV Project Seeks Investor in Zimbabwe...by Lovemore Freddie Mauled
Solar PV Project Seeks Investor in Zimbabwe...by Lovemore Freddie Mauled
 

Recently uploaded

2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
Boundify
 
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Klinik kandungan
 

Recently uploaded (20)

2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx2024 May - Clearbit Integration with Hubspot  - Greenville HUG.pptx
2024 May - Clearbit Integration with Hubspot - Greenville HUG.pptx
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
 
Ital Liptz - all about Itai Liptz. news.
Ital Liptz - all about Itai Liptz. news.Ital Liptz - all about Itai Liptz. news.
Ital Liptz - all about Itai Liptz. news.
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDEJIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
JIND CALL GIRL ❤ 8272964427❤ CALL GIRLS IN JIND ESCORTS SERVICE PROVIDE
 
A DAY IN THE LIFE OF A SALESPERSON .pptx
A DAY IN THE LIFE OF A SALESPERSON .pptxA DAY IN THE LIFE OF A SALESPERSON .pptx
A DAY IN THE LIFE OF A SALESPERSON .pptx
 
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
10 Influential Leaders Defining the Future of Digital Banking in 2024.pdf
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
PALWAL CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN PALWAL ESCORTS
PALWAL CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN PALWAL ESCORTSPALWAL CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN PALWAL ESCORTS
PALWAL CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN PALWAL ESCORTS
 
The Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and UncertaintyThe Art of Decision-Making: Navigating Complexity and Uncertainty
The Art of Decision-Making: Navigating Complexity and Uncertainty
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
 
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDEGURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 

Chegutu gold project seeking investors in Zimbabwe

  • 1. 2018 Lovemore Mauled Mauled Reources (Pty) Ltd 1/17/2018 Project Seeking Investors Title: Chegutu Gold Claims Geology Summary Report
  • 2. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 Contents Contents........................................................................................................................................................0 1 Location: Giant Gold Mine Neighbor, Gadzema area, Chegutu............................................................2 1.1 Size ................................................................................................................................................2  The total size of the Giant Gold mine is 15 Hectares....................................................................2 1.2 Number of Claims .........................................................................................................................2  The total number of claims of gold is 15.......................................................................................2 2 History of Mining Activity in the Area...................................................................................................2 3 Location of the Claims...........................................................................................................................3 4 Geology and Historical Gold Potential..................................................................................................3 5 Exploration Work Done.........................................................................................................................4 6 Geological mapping ..............................................................................................................................4 7 Geophysics ............................................................................................................................................5 8 Conclusion.............................................................................................................................................6
  • 3. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 1 Location: Giant Gold Mine Neighbor, Gadzema area, Chegutu 1.1 Size  The total size of the Giant Gold mine is 15 Hectares 1.2 Number of Claims  The total number of claims of gold is 15. 2 History of Mining Activity in the Area Giant Gold Claims are positioned within a major mining district (Fig. 1) with remarkable gold mines and as such the geology and historical gold production are of notable importance. The immediate neighbors are also positioned on the continuation of the ore body and mineralized trend intersected within the Giant Gold and these are;  Bay Horse mine is reported to be located at 17O 57’30”S and 29O 58’30”E and the geology is characterized by quartz veins dipping 40O -50O N in greenstones. The average recovery grade was 8.1g/t and cumulative mined gold was 1 935.48kg by 1984 (Bartholomew, 1990).  Blue Rock Mine lies within the old Stockdale farm in the Chegutu District, 6km north of the town of Chegutu and 3km south of the Giant Mine. Geological positioning of the Blue Rock Mine is located within the Gadzema greenstone belt near Chegutu, and the Maiden JORC Resource at Blue Rock totals 8.5 million tonnes @ 1 g/t for 270,000 oz., using a cutoff grade of 0.6 g/t (ACR, 2010). Average recovery grade was 10.3g/t and cumulative mined gold was 263.93kg by 1984.  Elvington Mine (18O 01’30”S; 30O 08’00”E): From these property and yielded a total of 11 098oz of gold. The New Found Out syndicate acquired the claims in 1922 and 5 026oz of gold being recovered. a reported average recovery of 9.6g/t and 565.21kg mined by 1984(Bartholomew, 1990). In 2013 at the time of its closure, Elvington was producing about 40kg to 50kg of gold per month. Elvington mine has 21 blocks of mining claims covering a total area of 473 hectares with a monthly potential revenue of $2, 4 million with a net profit of $800,000 per month if fully exploited and at least 390,000 tonnes at 3,4g per tonne of proven ore reserves.  Gotit Mine lies slightly north of the New Found Out mine and these claims were pegged in 1906 on the northern extension of the New Found Out banded iron-stone.  New Found Out (18O 01’0”S; 30O 08’00”E) is located one and quarter miles north-west of the Giant Mine. The gold produced was 655.85kg with an average recovery of 11.1g/t.
  • 4. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 3 Location of the Claims Giant gold claims are located in the Gadzema mining district, 11 km from the town of Chegutu along the Chinhoyi Road. The 15 gold claims are exactly located 700m west of the Giant Gold Mine. 4 Geology and Historical Gold Potential Fig.02: Geological map of the Giant Gold Claims Fig. 02 shows the surface geology covered by the 15 Giant gold Claims. Most of the target area is covered by grey and brown soil with exception of a large outcrop of dolerite and small outcrops of granite. Giant Mine area has a highly faulted and fissured ore body striking NS – striking banded iron formation with interbedded chloritic schist and sulphide rich layers up to 5mm thick and mineralogy of ore body is pyrrhotite, pyrite, arsenopyrite and chalcopyrite in decreasing order of abundance with 17 474.11kg of gold mined at an average recovery of 8.2g/t by 1984. Giant Mine ore body was mined down to the 7 level (200 m from surface. The Giant resources in the inferred category were interpreted to be 300 000oz with a grade of 2.2 and 4 400 000 at a cut off of 1.0g/t.
  • 5. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 5 Exploration Work Done The exploration work done in The Giant gold Claims is mainly: - Geophysics: Ground Magnetic survey and Induced Polarization Survey. - Detailed geological mapping. - Soil Geochemistry sampling (50mx100m Grid). - Random Rock Sampling while doing soil sampling survey. 6 Geological mapping Geology map (fig.02) did show any major outcrops or features; most of the area is covered by brown and grey soil. The only outcrops existing within the claims are a large dolerite and small granitic intrusions. Soil Sampling Soil Sampling was collected by local company geologist within a 50mx100m grid. The results were very good. The good gold values in soil were ranging between 0.5 to 1.76 g/t as shown in fig. 03. These high gold values in soil are considered as very good indications of the area gold potential. The rocks underneath the soil cover will carry of course higher value of gold. The quick interpretation of the results reveals 3 major areas (A, B and C) with good results.
  • 6. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 Rock Sampling Fig.04: Soil Sampling Results of the Giant Gold Claims Only few rock samples were collected at the same time of soil sampling, the lack of outcrops makes the rock sampling exercise not easy to achieve. The rock samples were collected with different methods, some are rock channel samples and other are rock chip samples. All the rocks were analyzed for gold and the results are extremely encouraging ranging between 0.5 g/t. and up to 3.58 g/t. Fig. 04 shows a nice correlation between the high gold value detected in Soil and the rock samples collected with also high value. The rocks samples results confirm the high gold value in Soil. 7 Geophysics
  • 7. Chegutu Gold Claims Preliminary Assessment Report Project Promoted by: Lovemore Mauled. Mauled Resources (Pty) Ltd, South Africa Cell: +27 71 980 1399 Fig.04: Ground Magnetic anomaly of the Giant Gold Claims All of 03 areas with high gold values in Soil and Rock samples show high ground magnetic anomalies. 8 Conclusion Preliminary exploration results shows: 1- High gold value in Soil up to 1.76 g/t. 2- High gold value in Rocks up to 3.58 g/t 3- High ground magnetic anomalies in the same 3 area where soil and rock high value are.