| Risk and valuation analysis of the NAMOYA Project |
| Status Risk : Feasibility |
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| Title(s) of the NAMOYA Project |
 | Banro Corporation
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The Namoya project is wholly-owned by Banro |
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| Location of the NAMOYA Project |
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The Namoya property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province, approximately 225 kilometers southwest of Bukavu and consists of one PE covering an area of 174 square kilometres.
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| History of the NAMOYA Project |
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Alluvial deposits of gold were first discovered at Namoya in 1930 and mined between 1931 and 1947. Primary gold was also discovered during this period and underground mining commenced on the Filon 'B' deposit in 1947. Further discoveries of primary g more...
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| Geology of the NAMOYA Project |
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The mineralization at Namoya is structurally controlled by a 2.5 km, NW-SE trending shear zone within sericite schists, which hosts a series of quartz 'stockwork' deposits. The auriferous vein systems outcrop at the summits of Mt. Mwendamboko, Mt. Namoya, Mt. Kakula, and Mt. Muviringu. Mineralized 'stockwork' outcrops have also been located on eight other hills in the general area.
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