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MEI Online: Commodities: Metallic Ores: Gold: Latest News: August 16th 2013


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:: MDM gets PFS for Matabeleland Gold Project in Zimbabwe


Mineral process and mining project management company MDM has been awarded the pre-feasibility study for Bilboes Holdings' Matabeleland project in Zimbabwe. Bilboes already owns and operates four gold mines namely Isabella, Bubi, When and McCays all in the Bubi Greenstone Belt. The mines were acquired from Anglo American Corporation Zimbabwe (AMZIM) in 2003 together with most of AMZIM's gold mineral rights in Zimbabwe. Since its inception in 1989, Bilboes has produced 234,000 oz of gold from oxides through open pit mining and heap leach processing method from its existing mines.

Bilboes' immediate developmental plans are focused on the completion of pre-feasibility studies for Isabella, McCays and Bubi underlying sulphides. Kevin Stock, MDM General Manager Proposals said: "MDM are pleased to be working on a Zimbabwean project again. The team has extensive gold experience in Africa, specifically in Zimbabwe, having executed the Ashanti and Delta projects. We look forward to a successful working relationship with Bilboes." Victor Gapare, Bilboes CEO said: "Bilboes are excited to be able to progress to pre-feasibility study on the sulphide mineralisation at its Matabeleland properties where a total resource containing 4 Moz of gold was defined last year. We look forward to working with MDM, who have extensive experience in providing studies of this type."




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