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home / news releases / PNN:CC - Pambili in the News: Zimbabwe Independent Welcomes Golden Valley Expansion


PNN:CC - Pambili in the News: Zimbabwe Independent Welcomes Golden Valley Expansion

(TheNewswire)


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CALGARY, Canada (July 2,2024) TheNewswire – The recentapproval of Pambili’s plans to significantly expand the scale of itsGolden Valley project has been welcomed by local press in the nation.

Zimbabwe’s Ministry of Mines gave Pambili the green light to convertthe 50-hectare milling site surrounding the Golden Valley mine into aseries of five 10-hectare mining claims.

The conversion enables Pambili to complete its planned resourcedrilling program at Golden Valley over a much larger, highlyprospective area.

The development was covered by the Zimbabwe Independent as an exampleof increasing international interest in Zimbabwean natural resources.

The publication noted how Pambili’s move aligns with the localgovernment’s push to develop Zimbabwe mining into a US$12billion-a-year sector.

Read the article via thislink.

In a follow-up editorial piece, the Zimbabwe Independent said Pambiliand other companies’ progress could prompt further action to enhancethe country’s appeal to foreign investors.

Positive reports from these firmson their investments in Zimbabwe could significantly boost thecountry’s profile on international markets ,” reads theeditorial. “ Remember, these companies are listed on aninternational exchange, and their reports reach a global audience ofbig companies.

Read the editorial in full via thislink.

Pambili welcomes the support for its efforts in Zimbabwe, and looksforward to releasing further updates as our exploration at the projectcontinues.

For further information,contact:

Pambili NaturalResources Corporation

Jon Harris (CEO)

T : 403 2774421

E : jon.harris@pambilinrc.com

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 activities in Zimbabwe. Theseforward-looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of theCorporation, including, but not limited to the impact of generaleconomic conditions, industry conditions, currency fluctuations, anddependence upon regulatory approvals. The Corporation does not assumeany obligation to update the forward-looking statements to reflectchanges in assumptions or circumstances other than as required byapplicable law.

Copyright (c) 2024 TheNewswire - All rights reserved.

Stock Information

Company Name: Pennine Petroleum Corporation
Stock Symbol: PNN:CC
Market: TSXVC
Website: penninecorp.com

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