For US$1 million, Trillion Resources (TLO-T) can acquire the Step Lively mine in central Zimbabwe, a small gold operation turning out about 5,000 oz.
each year.
Historic grades are about 8.4 grams gold per tonne.
The company secured a 1-year option to buy the mine, which is being acquired for its exploration potential.
The project is situated in the Chegutu mining district, within Trillion’s 64,134-ha Kadoma East exclusive prospecting order.
The company believes that the property’s geological setting has similarities to the Elder, Francouer and Eldrich-type deposits in the Rouyn-Noranda district of Quebec.
An exploration program, to begin shortly, will be aimed at exploring and expanding known resources. The company is exploring other projects in the region, including the Forrest property where two drills are testing gold mineralization encountered during the 1996 program.
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