DAR ES SALAAM, March 3 -- LETS be real: Handing a 50bn/- loan to the Songwe Gold Family is a sophisticated financial gamble that demands serious geological and economic math.
To evaluate the true prospectivity of licence ML 009/2014, the newly awarded asset likely driving CRDBs approval, it must be rigorously benchmarked against the apex standard in the Songwe corridor: Shanta Golds New Luika Gold Mine.
Both operations sit within the Lupa Goldfields regional geology, characterised by heavily deformed, folded and metamorphosed Paleoproterozoic rocks. In this specific structural corridor, gold-mineralised quartz veins are strictly hosted within brittle-ductile to ductile deformational features, predominantly within the Gneiss Formation.
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