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home / news releases / PNN:CC - Why Pambili Natural Resources Corporation is Planning to Drill from Underground at Zimbabwe's Golden Valley Gold Mine


PNN:CC - Why Pambili Natural Resources Corporation is Planning to Drill from Underground at Zimbabwe's Golden Valley Gold Mine

(TheNewswire)

CALGARY, Canada / TheNewswire / Feb.26, 2024 —The historic gold mine at GoldenValley, in Zimbabwe’s Matabeleland province, allows Pambili NaturalResources Corporation (“Pambili” or the“Company”) (TSX-V: PNN) to explore the project’s bulk mininggold p otential using undergrounddrilling.

This is typically a much more cost-effective method oftaking intersections from an ore body for analysis than drilling fromthe surface.

When drilling from the surface, drillers often have topenetrate large amounts of waste rock before they reach the ore body—the actual target for thehole.

When the right conditions are in place—as Pambilibelieves they are at Golden Valley, due to the project’s undergroundmine workings—underground drilling can bypass this potential wasterock and get to the ore body much more quickly, and at lower cost permetre.

Underground drilling can therefore gather much moredata about an ore body and its mineral potential than surface drillingfor the same number of drill meters.

The following animation lays thecomparison out in more detail.

About Pambili Natural ResourcesCorporation: Pambili Natural ResourcesCorporation is a natural resources exploration and development company( www.pambilinrc.com ) currentlyactive in Zimbabwe and in the Canadian province of Alberta.

For further information,contact:

Pambili NaturalResources Corporation

Jon Harris (CEO)

T : 403 2774421

E : jon.harris@pambilinrc.com

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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