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Kilimapesa Gold mining project, Kenya

18th March 2011

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Kilimapesa Gold mining project, Trans Mara district, Kenya.

Project Description
The project is located in the potentially gold-rich Migori Archaean greenstone belt, in Kenya.The project currently has a Joint Ore Reserve Committee-compliant resource of 1,65-million tons, grading at 2,44 g/t gold (Au) for 129 000 oz Au at a cutoff grade of 1 g/t Au for all categories; however, Goldplat is looking to increase this through further exploration.

The plan is to develop a small profitable gold mine, with an initial target of producing about 5 000 oz/y of gold within 12 months of being granted a mining licence.

Value
Not stated.

Duration
A timeframe has not been confirmed.

Client
Goldplat, through its subsidiary, Kilimapesa Gold.

Key Contracts and Suppliers
None stated.

Latest Developments
The government of Kenya has granted permission for Kilimapesa Gold to start operations at its mine.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Goldplat (South Africa), tel +27 11 423 1202, fax + 27 11 423 1230 or email info@goldplat.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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