After completing a 12-hole drill program on Jena Mines’ gold property in Zimbabwe, Trillion Resources (ASE) has negotiated an agreement to earn a 50% equity interest in the African company by investing US$2.5 million in new equipment and technical services. Jena Mines owns a number of past and present gold producers within a 40-sq.-km mining concession on an Archean greenstone belt in Zimbabwe. As part of a plan to evaluate the property’s gold potential, Trillion recently completed a 12-hole drill program which yielded encouraging results up to 33.5 grams gold per tonne over 2.2 metres. Other significant intersections from the program included 10 grams gold over 5.8 metres in hole 8, 10.2 grams over 3.2 metres in hole 5 and 9.5 grams over 2.2 metres in hole 2. The $500,000 drilling campaign was funded in part by a $400,000 grant from the Canadian International Development Agency.
Trillion said its US$2.5-million capital investment should increase Jena’s production to 500 tonnes per day from the current 150 tonnes per day. Ore grades from the present underground operation average about 4.5 grams per tonne.
Upgrading of the mine is expected to begin around the middle of this year and will include the introduction of mechanical equipment along with an increase in the mill’s capacity. An additional 10,000 metres of diamond drilling is also planned for ore definition and exploration.
Be the first to comment on "Trillion invests in African mine"