Project Name : When North Gold Project, Zimbabwe

TECHNICAL REVIEW- INTERNAL

PROJECT NUMBER:
Project Name: When North Gold Claims
Reviewed by: L. Mauled

Date: 08/06/15

For Office Use

Important
Please tick what has been availed together with the other information that has been brought.
1

Applicable prospecting / mining license;

Locality/ Location data (including maps, co-odinates etc)

Supporting geological, exploration or mining/production data

4 Deal Terms
5 Name and contact details of promoter
**Request for missing required information.

CHECKED

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Project Name : When North Gold Project, Zimbabwe

CATEGORY
Location

FACTOR

COMMENTS

Country

Zimbabwe, Africa

Investment
Sought/ Cost
Location

US$ 4 000 000 (Four million United States Dollar)

Province : Matebeleland North

Project is located in Motapa, Sijauke village which is 120km North west of Bulawayo.
Access is gained by taking Bulawayo Nkayi road(strip tarred road) which goes to Isabella mine .
About 10km from Nkayi turn off turn left at T- junction(Motapa turn off) to Sijauke village for 6km on gravel road.
Total Project Size: 40 Hectares
Number of gold claims : 4 Gold Claims.
Infrastructure

National road (strip tarred) Bulawayo Nkayi road passing via near the Joshua Nkomo airport

Gravel road from Motapa turn-off to Mine

Temporary zinc shelter

Tenure

Name of claim

Type

size

Year registered

When North 2

Mining

10 hecteres

11 January 2011

When North 3

Mining

10 hectares

11 January 2011

When North 4

Mining

10 hectares

11 January 2011

When North 5

Mining

10 hectares

11 January 2011

Project Name : When North Gold Project, Zimbabwe

Ownership

Precious Mining Syndicate

Project Name : When North Gold Project, Zimbabwe

Promoter

Geology

Lovemore Mauled
Cell: + 27 71 980 1399
Email: [email protected]
Skype: lovemore.mauled
Regional setting When North gold claims are situated on the western margin of Bubi greenstone belt.A number of archaen greenstone belts
& metallogenesis
host the majority of gold deposits in Zimbabwe.

Mineralization is within a broad shear zone cutting through felsic schists close to contact between rocks of the

Project Name : When North Gold Project, Zimbabwe

Bulawayan and Shamvaian group.

Orebody widths range from 5 metres to 20 metres

Strike length is 75 to 500 metres

Project Name : When North Gold Project, Zimbabwe

Exploration

Lithologies

Andesites
Pillow basalts
Feisic Schists

Structure

Economic gold mineralization is structurally controlled.

Regional rock stratigraphy and zone lie roughly parallel to a North East South East trend,undulating on
dip between 50 degrees and 70 degrees South East

History

Extensive soil geochemistry, trenching, pitting and drilling activities were done by Anglo American Zimbabwe Ltd. The
data is proprietary
and is not available to the current holders of the claims at the moment.
The huge open cast Motapa mine, Isabella mine, McCays mines and Bubi mine have been mined by Anglo American .
Artisanal miners have been active in the area since the closing down of Motapa Mine.
Exploration activities near the When gold claims led to the discovery of Open pittable resources.

Other Historical Big mines around the area are:

Records
Turk Mine,
Lonely,
Dawn,
Isabella Mine incorporating When ,McCays & Bubi mines. Anglo American has the historical production records. The
mines have excellent production records. Turk and Lonely mines are still operating but they are underground
operations.
Surface activities Sampling was done and the rock samples were taken to the following laboratories: Zimbabwe School of Mines (ZSM) and;
Duration gold mine laboratory
Drilling
Mineralisati
on

Metalassociation
style
Mineralogy

Extensive drilling was done by Anglo-America,who are the former owners of Isabella mine.
Records of the drilling are not available.
Within shear zone there are a number of elongate pods of mineralization which occur as brecciated and Silicified stock-work
and zones impregnated with pyrites and arsenopyrites.

Arsenopyrite
Pyrite

Project Name : When North Gold Project, Zimbabwe

Resource

Mining

Controls

Economic gold mineralization is structurally controlled

Strike length

Strike length ranges between 75 to 500 metres

Width
and
orientation
Depth (open pit
potential)
Resource
Size
and Grade
Methodology of
estimation
Upside potential

Width ranges from 5metres to 20 metres

Dip between 50 degrees to 70 degrees
Mineralization on oxidised material on top shows open cast can be done.

Study status

None yet but the area presents open cast potential.

Mining method

Open castable to about 60 metres

Life of mine plan

Mining
infrastructure
Historical mining

To be determined.
None yet on the site. The project is early stage greenfield.

Past Production

No records are available at the moment.However, the mining that occurred in the surrounding areas by Anglo American Ltd
and other companies indicate that the area has potential for gold. This is also supported by the general location of the project
on the Bubi Greenstone Belt.
Needs to be determined once an interested investor/funder is found

Reserve
Processing

These need to determined through exploration activities such as trenching and drilling and laboratory analyses of samples
To be determined
Potential to peg more gold claims around the property. This will increase the project size as well as life of mine.

Small scale gold mining has taken place in and around the claims.

Study status & None yet

test work
Processing
At the moment artisanal miners in the vicinity use custom milling at local stamp mill with a concerntrator
method

Project Name : When North Gold Project, Zimbabwe

Key risks

Technical risks

De risk the project by using a phased approach to any exploration program.

Litigation

None known at the moment

Recommend
ation

Data Source
Deal Terms

Source

The project presents an excellent exploration and development opportunity.

It is located in a geologically good environment. Artisanal miners are found in the area and this is a good indication of
potential.
The area in which the project lies is a well known gold producing area in Zimbabwe. Successful open cast mining
operations
have been carried out by renowned companies such as Anglo American Zimbabwe (Pvt) Ltd.
Like any project, due diligence is required. A field visit is required.
Arrangements to purchase any available data relating to the When Gold claims (from Anglo American) must be made.
An preliminary budget is attached herewith.
Recommended exploration activities will include Geochemical and Geophysical methods.
Trenching, diamond drilling/or RC or Percussion drilling will need to be done so that a geological model of the
Project can be produced. This will aid the planning of any subsequent exploration programs or the development
of the project into a producing mine.
Project owners
The owners of the project are seeking for Joint Venture partners in order to explore and develop the project into a
producing mine.
The project requires an investment in the region of R 3 707 815.00 (which can be rounded off to approximately US$4
million)

Project Name : When North Gold Project, Zimbabwe

Copy of Claims Licences/ Proof of Ownership

Project Name : When North Gold Project, Zimbabwe

Laboratory Analyses of Samples from When North Gold Claims

Project Name : When North Gold Project, Zimbabwe

AAS ANALYSIS RESULTS CERTIFICATE

Results of the analysis done using the AAS method are shown below. The results are shown in grams
per tonne.

Project Name : When North Gold Project, Zimbabwe

Nearby Mines

Project Name : When North Gold Project, Zimbabwe

Project Budget
Exploration
EXPLORATION PLAN & RESOURCE EVALUATION
ACTIVITIES
Reconnaissance survey and Field mapping
Trenching Trenches will be dug at 100m intervals across strike, each trench 500m long and samples will be taken in each trench on bed rock
Diamond Drilling 16 holes will be drilled on the 4 claims, on a grid of 100m X 100m to investigate gold mineralization and behavior of mineralized sections
with depth, to get dip of ore body, depth and thickness of ore body. Diamond drill boreholes will be drilled to a depth of 60 metres @$150 per metre
Diamond drill cores will be logged and taken for analysis. The analysis envisaged will include Bottle roll and Fire assay.
Diamond Drilling is done to declare Resources and Reserves which assist in projecting the life span of the mine. Mining geological soft wares will be used for
ore Reserves calculations.
Compilation of a detailed Geological report with all maps, core log sheets, assay results and estimation of Life span of the mine.
Drawing up of operational plan and pit designs

Motapa (When North 2 -5 claims) EXPLORATION BUDGET

ITEM

QUANTITY

UNIT PRICE

4 X 4 Bakkie (diesel)

2 $12 000

Reconnaissance Survey

1 $500

Trench Samples Assaying

Diamond Drilling
Boreholes (60metres)
Core Samples Assaying

100 $18
16 $9 000
200 $18

TOTAL (US $)

$24000
$500

$1800
$144 000
$3 600

Stationery, internet,
phone

1 $1000

$1000

Sample Bags, Twine String

1 $2000

$2000

Measuring Tape

4 $150

$600

Chisels & Hammers

4 $25

$100

Project Name : When North Gold Project, Zimbabwe

Picks

10 $15

$150

Shovels

10 $10

$100

5 $300

$1500

10000 $1.50

$15 000

Tents

Diesel Fuel

12 $5000

Food

$60000

$254 350

TOTAL
NB: Costs to include
hiring of excavator

Labour
Project Manager@4800

per month
Geologist @ $4000 per

month

12

4800

$57600

12

4000

$48000

Geological Assistants
@$30/day for 26 days

2 assistants

$1000

$24000

General labour @$250

per month

10 general labour

$250

$30000

Cook

300

$3600

Resource and Mining

Engineering Consultants

$300 000

TOTAL

$163200
LICENCES

Company Registration

1 $300

$300

Bank Account Opening

1 $500

$500

Zimbabwe Investment
Authority Licence

1 $3 000

Site of works plan

1 $500

$3 000
$500

Project Name : When North Gold Project, Zimbabwe

Inspection Fees update

1 $400

$400

Legal fees

1 $1 000

$1 000

Environmental Impact
Assessment

1 $5 000

$5 000

TOTAL

$10 700

Totals For Exploration

Field Equipment

1 $242350

Labour

1 $163200

Licences

1 $10 700

$254350
$163200
$10700
$428250

Sub Total

10% Contigency
Grand Total

$42825
$471075

_________________________________________________
PROCESSING PLANT
ITEM
5 Tonne/hour ball mill
Concentrators
Crusher
Ore bin
Conveyors
Scrapper Winch
Slurry pumps
Thickener
100 cubic metre Leach tanks
Carbon Tanks
Elution Plant
Total

QUANTITY
2
2
1
1

UNIT PRICE
$70 000
$3 500
$10 000
$8 000

1
2
1
2
4
1

$5 000
$500
$30 000
$7 000
$5 000
$35 000

TOTAL
$140 000
$7 000
$10 000
$8 000
$12 000
$5 000
$1 000
$30 000
$14 000
$20 000
$35 0000
$282 000

Project Name : When North Gold Project, Zimbabwe

VEHICLES
ITEM
Excavator
10 tonne tipper trucks
Front End Loader
Compressors
+jackhammer+hose
7 tonne truck
4X4 Bakkies
Minibus
TOTAL

QUANTITY
1
4
1
4

UNIT PRICE
$400 000
$80 000
$250 000
$10 000

TOTAL
$400 000
$320 000
$250 000
$40 000

1
4
1

$30 000
$25 000
$20 000

$30 000
$100 000
$20 000
$1 160 000

QUANTITY
1
1
1

UNIT PRICE
$1 500
$3 000
$400

TOTAL
$1 500
$3 000
$400
$4 900

QUANTITY
1
10
2
1

UNIT PRICE
$30 000
$120
$500
$10 000

TOTAL
$30 000
$1 200
$1 000
$10 000
$42 200

LICENCES
ITEM
Rural council fee
Milling permit
Borehole licence
TOTAL

TOOLS
ITEM
200 kVa Generator
Wheel barrows
Tool boxes
Office furniture
TOTAL

____________________________________________________________________________

INFRASTRUCTURE DEVELOPMENT
ITEM
Ball mill installation

QUANTITY UNIT PRICE

2
$5 000

TOTAL
$10 000

Project Name : When North Gold Project, Zimbabwe

Office block
Staff quarters
Borehole +piping
Workshop
Electricity
Electrical tubing
Plumbing
Fencing + signs
Water Reservoirs
Magazine
Guest house/ management house
Fuel storage
TOTAL

1
4
1
1
1
1
1
1
2
1
1
1

$15 000
$5 000
$15 000
$5 000
$20 000
$10 000
$5 000
$5 000
$1 000
$10 000
$10 000
$5 000

$15 000
$20 000
$15 000
$5 000
$20 000
$10 000
$5 000
$5 000
$2 000
$10 000
$10 000
$5 000
$132 000

MONTHLY CONSUMABLES
ITEM
Diesel
Electricity
Explosives
Drill bits
Drill sticks
Fertilizer
Cyanide
Carbon
Solution Tests+Test Tubes
Stationery
Telephone +Internet
Rock Drill oils
Maintenance spare parts
Canteen supplies
Labour (salaries)
PPE
TOTAL for 12 months

QUANTITY UNIT PRICE

20 000
$1.50
30 boxes
40
20
20x20kg
50X50kg
20X25kg

$350
$20
$40
$24
200
$125

$100

$61

TOTAL
$30 000
$10 000
$10 500
$800
$800
$480
$10 000
$2 500
$1 000
$500
$2 000
$500
$2 000
$500
$46 600
$6 100
$1491360

Project Name : When North Gold Project, Zimbabwe

Figure 1 below shows artisanal miners on a Shaft on the Claims.Rock samples from this shaft were taken and analysed at the laboratory and the fire
assay results obtained are as shown below.
.

Fire Assay Sample Analytical Results By Duration Gold Laboratory.

Analysis

Element

Sample

Fire Assay
Fire Assay
Fire Assay
Fire Assay
Fire Assay
Fire Assay

Gold
Gold
Gold
Gold
Gold
Gold

2 Top Right Reef

Shaft 1 Bottom
Shaft 1 Top Left
Shaft 2 Bottom and Top
Vimila Shaft
Vimila South 2

Au (ppm)

Detection Limit
16.1
0.24
0.34
13.64
11.62
10.08

0.01
0.01
0.01
0.01
0.01
0.01

Project Name : When North Gold Project, Zimbabwe

Figure 1.

Project Name : When North Gold Project, Zimbabwe

Figure 2. Geologist standing on artisanal miners shaft