Chimata Gold Corp. is a Canadian based mineral exploration company focused on the acquisition and exploration of significant properties of merit in highly prospective areas of known mineralized potential and historical production. The Company has three projects in its portfolio:
Troilus North Project
The Troilus North Project was acquired in the fall of 2017 and is comprised of 210 claims totalling 11,471 hectares, located 160 km north of the Quebec town of Chibougamau, in the northwest section of the Val-d’Or district. The project area is approximately 2 km north of the former Troilus Mine that was previously operated by Inmet Mining Corporation and from 1996 to 2010 produced 2,000,000 ounces of gold and 70,000 tonnes of copper.
Given its proximity to the Troilus Mine, which is now owned by Troilus Gold Corp., and the similar geologic setting that the concessions share with the former open pit mine, Chimata is extremely optimistic about the project’s potential and is moving forward to develop and implement a comprehensive exploration plan.
The BAM Property is located in British Columbia’s famed “Golden Triangle” in the mining prolific northwestern part of the Province. The region hosts numerous past producing gold mines along with recent discoveries, including; Snip, Eskay Creek, Red Chris, Galore Creek, Brucejack and KSM have proven the area to be rich in gold, copper and silver predominantly. Despite an excellent track record in discoveries, British Columbia government records estimate that only 0.0006% of the Golden Triangle has been mined to date.
The BAM Property is 1,052 hectares in size and very little exploratory work has been conducted on the property to date. The geology is quite diverse and similar settings throughout the Triangle have been known to gold significant gold, copper, and silver.
The Kamativi Project is located in the Matabeleland North Province of Zimbabwe, Africa, which is a lithium tailings deposit associated with the disused Kamativi tin mine, approximately 185 kilometres east-south-east of Victoria Falls. This tailings stockpile has been surveyed to give an estimated 23,168,000 metric tonnes of historical tailings material on surface.
Chimata recently entered into a binding Letter of Intent with Zimbabwe Lithium Company Limited which has the exclusive development rights for the deposit as a result of a joint venture agreement with the Zimbabwe Mining Development Corporation. Upon final closing of the transaction, with all conditions having been met, it is expected that Zimbabwe Lithium Company will become a subsidiary of Chimata Gold Corp.
For more information, please visit chimatagoldcorp.com