PNN:CC - Pambili Appoints Drilling Contractor for Happy Valley Mine
(TheNewswire)
July 2 9 ,2022 – TheNewswire - CALGARY, Canada – Pambili Natural Resources Corporation(" Pambili " or the " Corporation ") (TSXV:PNN) is pleased toannounce that it has appointed a drilling contractor for Phase 1 ofits planned exploration programme at the Happy Valley Mine(“HVM”), in Zimbabwe.
After receiving competitive bids from three localdrilling companies, the Corporation selected KW Blasting ,a division of Drilling Resources Zimbabwe(Private) Limited, to complete some 1,200m of Reverse Circulationdrilling at HVM. Drilling is expected to beginin early August and s amples from the campaignwill be analyzed by Antech Laboratories in Kwekwe. Antech is Zimbabwe’s leading ISO/IEC 17025accredited commercial metallurgical assay laboratory servicing themining and exploration industries in Zimbabwe, the SADC region andbeyond.
CEO Jon Harris commented: “In terms of the Earn-in signed withTechshed Investments, the owner of HVM, Pambili has committed tocompleting a limited exploration campaign to determine the extent andmagnitude of the gold mineralization previously identified fromprevious surface exploration work . The appointment of a drilling contractoris the first stage in that campaign.”
About Pambili Natural ResourcesCorporation: Pambili Natural ResourcesCorporation is a natural resources exploration and development company( www.pambilinrc.com ) currentlyactive in Zimbabwe and in the province of Alberta.
For further information,contact:
Pambili NaturalResources Corporation
T : 403 2774421
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Caution Regarding Forward-Looking InformationForward-looking statements - Certain information set forth in thisnews release may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often, but not always, identified by words such as“believes”, “may”, “likely”, “plans”, or similarwords. Forward- looking statements included in this news releaseinclude statements with respect to work to be done on the Happy Valleymine in Zimbabwe. These forward-looking statements are subject tonumerous risks and uncertainties, certain of which are beyond thecontrol of the Corporation, including, but not limited to the impactof general economic conditions, industry conditions, currencyfluctuations, and dependence upon regulatory approvals. TheCorporation does not assume any obligation to update theforward-looking statements to reflect changes in assumptions orcircumstances other than as required by applicable law.
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