Matala Gold Project

Matala is an advanced gold exploration project located in the South Kivu Province, Democratic Republic of Congo strategically located in the Twangiza-Namoya gold corridor where Banro Corp has defined more than 17Moz Au from four deposits, two of which are producing 250,000oz Au per year.

The Matala Gold Project hosts a high grade, JORC 2012 compliant Inferred Mineral Resource of 2 million tonnes (“Mt”) at 3.3g/t gold (“Au”) for 213,000oz Au and the advanced stage Kanana prospect.

Preparations are underway to undertake a 5 hole, 1,500m drilling programme at Kanana where channel sampling has identified high grade gold mineralisation along the fold axis of a major antiform, similar to that which hosts Banro Corps Twangiza (8.6Moz Au) and Lugushwa (5.6Moz Au) deposits.

Learn more about the Matala Project here

Panex Resources

Panex Resources is a listed company specialised in gold exploration in Africa.

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