ZCCM-IH says the ZCCM Gold Company has injected approximately K45 million for the initial phase of the Kasenseli Gold Mine Project in Mwinilunga District in North-Western Province.
ZCCM-IH Public Relations Manager Loisa Kakoma tells Money FM News that following acquisition of the exploration license from the Ministry of Mines and Minerals Development at the end of March this year, ZCCM Gold moved on-site and started mobilization in the first week of April 2020 to undertake detailed exploration that will determine the extent of gold mineralization in the license area.
“With the granting of the exploration licence by the Ministry of Mines and Minerals Development end of March 2020, ZCCM Gold moved on-site and started mobilization in the first week of April 2020 to undertake detailed exploration that will determine the extent of gold mineralization in the licence area,” Ms Kakoma explained.
“The extensive exploration works which include geophysics, geochemistry and diamond drilling activities are aimed at delineating the hard-rock (underground) gold deposit in the license area”
She explains that the mining and processing of the alluvial gold are pending approval of the Environmental Project Brief (EPB) by the Zambia Environmental Management Authority (ZEMA), and the granting of the mining license by the Ministry of Mines.
“The capital injection will also go towards the fencing of the licence area to avoid and prevent any intrusion from outsiders,” She said.
Ms Kakoma adds that over 40 locals will be employed in the fencing exercise scheduled to start this week which is an additional security measure to the state security that is already on the ground.
“Over 40 locals will be employed in the fencing exercise scheduled to start this week. The fence is an additional security measure to the state security that is already on the ground and keeping vigil, patrolling the area to wade off any illegal activities,” She said.