CANADA based miner, Zephyr Minerals Limited, is set to acquire four gold mines in Zimbabwe.
In a statement to shareholders this week, the company said it had “investigated 12 potential gold projects throughout” the country over the past seven months.
“Management has concentrated on projects with proven gold potential as demonstrated through active, shallow, small scale mining operations or previous exploration work, and based on property size, the ability to host a target potential of at least one million ounces of gold,” reads the statement.
“Based on these parameters, of the 12 properties evaluated, four high priority gold properties are being aggressively pursued for acquisition/joint venture.”
