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MDM Engineering Group Limited

31st July 2013

By: Creamer Media Reporter

  

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MDM Engineering  (1.02 MB)

MDM (AIM: MDM) the minerals process and project management company focused on the mining industry, is pleased to announce that it has been awarded the Pre-Feasibility Study (“PFS”) for Bilboes Holdings (Pvt) Limited’s (“Bilboes”) Matabeleland Claim Project in Zimbabwe. Bilboes owns and operates four gold mines namely Isabella, Bubi, When and McCays all in the Bubi Greenstone Belt. The mines were acquired from Anglo American Corporation Zimbabwe Limited (AMZIM) in 2003 together with most of AMZIM’s gold mineral rights in Zimbabwe. Since its inception in 1989, Bilboes has produced 234,000oz of gold from oxides through open pit mining and heap leach processing method from its existing mines. Bilboes’ immediate developmental plans are focussed on the completion of pre-feasibility studies for Isabella, McCays and Bubi underlying sulphides.

Kevin Stock, MDM General Manager Proposals said:
“MDM are pleased to be working on a Zimbabwean project again.  The team has extensive gold experience in Africa, specifically in Zimbabwe, having executed the Ashanti and Delta projects.  We look forward to a successful working relationship with Bilboes.”

Victor Gapare, Bilboes Chief Executive Officer said:
"Bilboes are excited to be able to progress to Pre-Feasibility Study on the sulphide mineralisation at its Matabeleland properties where a total resource containing 4 million ounces of gold was defined last year. We look forward to working with MDM, who have extensive experience in providing studies of this type.” 

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