Descripción del sitio
ZAMBIAN TENURE UPDATES
Luiri Gold has received a letter from the Minister of Mines in Zambia in which he has upheld the decision of the Director of Mines to cancel the mining license LML48. In response the Company is reviewing its options which may include appealing to the High Court in Zambia in accordance with the Mines and Minerals Development Act of 2008.
Luiri Gold (TSX.V:LGL, ASX:LGM)
Zambian deposits such as the Dunrobin mine (Au), Kansanshi (Cu, Au),Nampundwe mine (pyrite, Cu, Au?) and Kasumbalesa (Fe, Au?) on the Zambia D.R.Congo border also display characteristics of IOCG deposits. Relation to granitoids at these four operating mines is not evident. They are all fracture-controlled and display evidence of strong hydrothermal activity. Intrusive rocks that heated the systems are thought to be nearby and under cover. Many small IOCG prospects have been explored around the Zambian Hook Granite during the past ten years. None have been large or rich enough to warrant large -scale mining. Sites like the Hippo, Kalengwa and Lewis-Marie mines and the Luiri Hills, Shimyoka and Lou Lou prospects contain IOCG mineralization and determine a large prospective province.
-15° 9' 52.87", +27° 11' 21.97"