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TWANGIZA Project
TWANGIZA
Country
Congo Dem. Rep. of
Close to
Goma
Status
MINE DEVELOPMENT
Surface
1,164 km² / 287,624 acres
Latitude / Longitude
2 S 53 / 28 E 45
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Risk and valuation analysis of the TWANGIZA Project
Status Risk : Mine development
Country Risk : Important
Resource Risk : 80.00%
In situ value
4,618,860,163 $
Title(s) of the TWANGIZA Project
Banro Corporation
Owner: 100%
Title
Company Profile
All Projects
Company website
Company project page
in 1996, Banro acquired control of the Twangiza Property, and during the following year, undertook a US $9 million exploration program, which included 10,490 line-kilometres of airborne geophysics, 1,613 samples from 16 adits, and 8,577 drill core samples from 9,122 metres of core drilling along 800 metres of strike. This represents less than 20 percent of the identified mineralized trend.
China Gold Int. Res
Option on interest: 10%
Title
Company Profile
All Projects
Company website
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Location of the TWANGIZA Project
The Twangiza Project is located in the South Kivu Province of the DRC, 41 kilometers to the south-southwest of Bukavu, the provincial capital. The Twangiza property consists of six exploitation permits totaling 1,164 square kilometers
History of the TWANGIZA Project
The Twangiza gold deposit was discovered by Miniere des Grande Lac (MGL) in the 1950s. The company followed the occurrence of alluvial gold deposits upstream from the Mwana River to the present-day Twangiza deposit. MGL tested the deposit through 8,2
more...
Reserves and resources of the TWANGIZA Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Probable
66,480,000
1.56
3 334 315
Proven and Probable
66,480,000
1.56
3 334 315
Total
66 480 000
3 334 315
Definitions
Reserves and resources of the TWANGIZA Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
3 334 315
3 334 315
3 334 315
oz
4 593 119 250 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
GOLD (oz)
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
Title / Ownership
4/21/2011
(China Gold)
Enters Into Memorandum of Understanding With Banro Corporati...
Exploration and drilling
10/11/2011
(Banro)
Corp's Twangiza Mine Pours First Gold in the Democratic Repu...
12/6/2010
(Banro)
Foundation and the Luhwindja Community Celebrate Handover of...
11/10/2010
(Banro)
s Mine Construction Progress at its Wholly-Owned Twangiza Go...
10/5/2010
(Banro)
And Congolese And Community Leaders Celebrate Construction O...
5/12/2010
(Banro)
Banro raising C$125m for gold project
11/3/2009
(Banro)
Provides Update on Construction Preparation and Exploration ...
8/17/2009
(Banro)
Acquires Refurbished Process Plant To Fast Track Gold Produc...
5/4/2009
(Banro)
Reports Highly Promising Results From Initial Exploration Of...
6/6/2008
(Banro)
Outlines Major New Mineralized Gold Structure At Mufwa Withi...
5/8/2007
(Banro)
Continues to Interesect Wide Zones of Gold Mineralisation at...
11/6/2006
(Bard Ventures)
announces preliminary metallurgical testwork results from it...
11/5/2006
(Banro)
announces preliminary metallurgical testwork results from it...
Discoveries and Drilling Results
1/14/2009
(Banro)
Increases Measured And Indicated Mineral Resources At Twangi...
10/29/2008
(Banro)
Intercepts Further Significant Gold Mineralization In Feasib...
5/29/2008
(Banro)
Intersects 16.60 metres grading 8.03 g/t Au and 47 metres gr...
4/2/2008
(Banro)
Updates Pre-Feasibility Drilling Results at its Twangiza Pro...
12/15/2006
(Bard Ventures)
continues drilling wide zones of gold mineralization and int...
11/6/2006
(Banro)
continues to intersect wide zones of gold mineralization fro...
7/21/2006
(Banro)
intersects wide zones of gold mineralization from its drilli...
5/15/2006
(Banro)
intersects gold mineralization from its drilling at Twangiza
Location
Data last updated on : 6/6/2009
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