Premier African Minerals Limited (LON:PREM) has provided an initial update on its recent site visit and preliminary geological review of the Mozambique tenement it recently secured.
The group said among the highlights are an extensive current and historic artisanal gold mining activity in the immediate area and extending onto the tenement.
It also noted widespread evidence of eluvial, alluvial and primary gold mineralisation and visible gold in multiple locations.
In a statement, Premier African’s chief executive, George Roach commented: "This is very early stage and our geological review conducted over three days in a relatively small area of 90 hectares is encouraging. Based on the artisanal activity, it would be reasonable to conclude that there is potential for some recoverable free gold.”
He added: “Premier will examine available redundant equipment at RHA Tungsten (Pvt) Pvt ("RHA") that was removed from the RHA process plant at the time the XRT was installed and if suitable, this could be the basis for a small recovery plant to operate in conjunction with the exploration programme that will need to be undertaken.
“Samples have been collected and assay results will be published as soon as they are received.
Roach concluded: “I do note that there are potentially very good exploration tenements for gold in a number of other African jurisdictions and Premier will investigate these opportunities".