QualityStocks would like to highlight
Raptor Resources Holdings Inc. (
OTCQB: RRHI), a publicly traded holdings company focused on mineral resource acquisition, exploration, and development. The company currently has two subsidiaries: Mabwe Minerals Inc. (MBMI), a natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals & metals with first focus on barite; and TAG Minerals Inc., a mineral & metal resource acquisition, exploration, and development company with first focus on alluvial surface gold.
In the company’s news,
Raptor Resources reports that its Zimbabwe affiliate, TAG Minerals Zimbabwe (Private) Ltd. (“TAG-Z”), has acquired the mineral and metal rights to the rest of the Dodge Mine mountain range in Zimbabwe, significantly adding acreage and opportunity to the company’s portfolio.
The final phase of Raptor Resources’ expansion plan adds an additional 612 acres to its existing lease, bringing company metal rights to the entire mountain range to a total of 1,188 acres across 2.7 miles.
“We have patiently waited for the rest of the mountain range to become available since gravity mapping in 2012 confirmed the continued flow of barite across the entire range, including a number of high density hot spots associated with Volcanic Massive Sulphide (VMS) deposits. With Mabwe Minerals in early stage barite and limestone production on the east side of the mountain range, TAG Minerals will concentrate on developing these gossan deposits on the west side of the mountain range with the intent to work with the Bindura Smelter and Refinery company to utilize their spare capacity,” TAG-Z Director Tapiwa Gurupira stated in the news release.
In its latest edition of the RaptorReport Newsletter, the company shows the aerial map of both Raptor Mine and Dodge Mine, registration certificates of the added property, and information concerning the nickel concessions. View the full newsletter here: http://dtg.fm/RaptorReport.
As reported by the company, “Raptor Mine was prospected by soil geochemistry and geophysical surveys in 1970 that delineated significant nickel anomalies associated with komatiitic flows. … After reviewing initial core drilling data, Haynes, an experienced geologist, suggested that the favorable bottom contact with ferruginous sediments should be the area for further exploration directed towards the base of the westward dipping basal contact.”
Most nickel ores have several recoverable metals creating multiple streams of revenue. Raptor Mine is located near Zimbabwe’s premier nickel mine, the Trojan Nickel Mine, and has similar host rock, nickel mineralization, and modes of occurrence as Trojan Mine.
The nearby Bindura Smelter and Refinery complex produces high quality nickel cathodes, copper sulphide, and cobalt hydroxide. The refinery requires nickel content of 1.18% for commercial production. Partial surface sampling at Raptor Mine meets this requirement, yielding nickel content at 1.18% and 1.56%.
Raptor Resources points to several additional key points from historical reports:
The ultra-mafic rock at Raptor Mine lacks more of the carbonate matter and talcose serpentinized dunite compared to Trojan Mine. From a metallurgical point, this offers a great advantage as expensive flotation reagent is not required.
Raptor Mine nickel mineralization appears in a broad zone 60 meters wide stretching over 1.5 kilometers long.
Surface nickel mineralization is present in encouraging amounts suggesting the potential for economic extraction at shallow depths (15-to-30 meters deep).
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
