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AFRICAN RAINBOW MINERALS poised to fund another year of exploration in Mozambique.
ARM have indicated that they will continue to fund the exploration activities in
Mozambique during 2014 for its 4th year (out of a maximum of 5). At the same time
we are jointly considering a change to the present agreement which will convert ARM’s
option payments into equity in Rovuma Holdings Ltd.
NEW COPPER ZONES FOUND AT MESSALO NORTH. We have found and mapped a number of geologically
related but disconnected copper bearing gossans spread over a strike of 7km. These
have generated keen interest by our team.
THE LAST DRILL HOLE of 2013 was at Rhyolite Hill and intersected a broad zone of
graphitic material in which there are several zones of semi-massive to massive very
coarse grained flake graphite. Assays are expected during Q1, 2014
RENEWED DISCUSSIONS on the sale of Dokwe Gold and the Zimbabwe Subsidiary, Canister