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LUGUSHWA Project
LUGUSHWA
Country
Congo Dem. Rep. of
Close to
Goma
Status
PRODUCTION
Surface
641 km² / 158,391 acres
Latitude / Longitude
3 S 20 / 27 E 49
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Risk and valuation analysis of the LUGUSHWA Project
Status Risk : Production
Country Risk : Important
Resource Risk : 20.00%
In situ value
3,790,083,525 $
Title(s) of the LUGUSHWA Project
Banro Corporation
Owner: 100%
Title
Company Profile
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Company website
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Location of the LUGUSHWA Project
The three Lugushwa PEs cover an area of 641 square kilometres and are located approximately 150 kilometres southwest of the town of Bukavu.
History of the LUGUSHWA Project
Alluvial gold was first discovered at Lugushwa in the 1920s, although mining of these deposits does not appear to have begun until 1958. Limited exploration for primary gold deposits began in 1963 and led to the discovery of several deposits, includi
more...
Geology of the LUGUSHWA Project
The geological setting of the main mineralized trend at Lugushwa consists of meta-pelites, meta-siltstones,quartzite and dioritic sills. Mineralized quartz veins and stockworks occur as a network of interlocking conjugate sets with trends oriented fr
more...
Reserves and resources of the LUGUSHWA Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Inferred
37,000,000
2.30
2 736 029
Total
37 000 000
2 736 029
Definitions
Reserves and resources of the LUGUSHWA Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
2 736 029
2 736 029
oz
3 792 682 752 US$
Discoveries and Drilling Results
11/18/2008
Intercepts Broad Zones of Gold Mineralization at its Lugushw...
8/23/2007
Intersects Wide Zones of Gold Mineralization at its Lugushwa...
2/24/2007
updates drilling results at Lugushwa
6/7/2006
intersects wide zones of near surface gold mineralization at...
4/26/2006
intersects wide zones of gold mineralisation from its initia...
Location
Data last updated on : 9/30/2006
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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