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Zim discovered fresh precious metals deposits

2016-05-12


The Zimbabwean government has announced it has accidentally discovered fresh platinum and gold deposits.Authorities say they stumbled upon the deposits while accidentallyexamining sand that had gold particles in the resort town of Kariba. Government has swiftly moved in to conduct large-scale mining.

“we have not yet established the size of the deposit” Mines minister, Walter Chidakwa told local media at the weekend that the quantum of the deposits is yet to be verified. "Gold deposits have been discovered at GacheGache and during sampling it was later discovered that there are also platinum group metals," he said.

"While we have done geological work on certain specific areas, we have not yet established the size of the deposit. So they are still working on a planned drilling programme, which will give us a volumetric understanding of how big the deposit is."

Zimbabwe currently has the second largest known platinum reserves after South Africa.Experts say underfunding and limited exploration has over the year’s stifled growth of the mining sector, now the mainstay of the economyafter overtaking agriculture.