Gold Tree Tanzania
MLI Mining Ltd has estabilished a JV with Gold Tree Tanzania have established the a Joint Venture to acquire and develop gold mining projects in Tanzania. MLIT is currently focused on developing Small Scale Mining operations for gold in central and southern Tanzania and Gold Tree is in an advanced stage of development of its Kungutas Gold Project.
Gold Tree has completed significant resource delineation and site infrastructure development and MLI are working with Gold Tree to refine the understanding of the resoucre and utilising their SSM operating experience to fast track gold production.
MLI believes the project area represents a significant opportunity for the development of low cost gold production from high grade, near surface colluvial and alluvial resources. Kungutas itself has the potential based on current data for a resource of 10-20,000oz contained within semi consolidated material to a depth of 2-8metres. Key attributes are shallow high grade ore, soft easy strip, moderate processing tonnage, simple metallurgy and good recovery.
Initial sample testing at Kungutas commenced at Kungutas stated in early Sepetember 2014 and a 1000t bulk sample is scheduled to commence in late Sept 2014.