UK firm SEAM partner Mota-Engil in Malawi Gold ‘rush’
South East African Mining (SEAM) through its subsidiary South East African Mining Exploration (SEAMEX), which is exploring for gold and base metals in South Dwangwa, Central Malawi has indicated that it will partner Mota-Engil following the completion of exploration drilling.
Initial exploratory drilling on two sites in cooperation with Portuguese multidisciplinary engineering group Mota-Engil started in the last half of 2012, following initial rock and soil sampling.
“A conspicuous cluster of positive results for gold occurred around Kadyalumba Hill, where the gold was thought to be derived from quartz stringers in the gneisses and in proximity to felsite dykes,” SEAM’s Chief Geologist Peter Pitfield said
Mining in Malawi said the company also has exploration licences for two blocks at Kameme and Misuku in the northern district of Chitipa.
Mota-Engil is already involved in Malawi’s largest mining project, Kayelekera Uranium Mine.
The continuous discovery of various minerals or rare earth in Malawi is a positive development for the country’s nascent Mining industry which is poised to contribute significantly to the country’s economic growth which currently anchored by agriculture.
Apart from the Kayelekera Uranium Mine in Karonga district and the yet to start Kanyika Niobium Mine in Mzimba district northern region, perhaps the Dwangwa and Chitipa Gold Mines could the third in Malawi.
SEAM’s Chief Geologist Peter Pitfield said former Cecil John Rhodes’ British South Africa Company first discovered Gold in Dwangwa River in the late 1930s.
“The gold was found in tributaries of the Dwangwa River in a belt that is up to 8 km wide and over a distance of about 40 km,” Pifield said.
While SEAM’s chairman, David Ovadia said the combination of Mota-Engil’s vast experience as a versatile, consistent and pioneering engineering specialist and SEAM’s in-depth knowledge of mining in Africa will generate a strong, diverse and formidable business, on track to explore significant highly prospective areas in Malawi.
Ovadia said the drilling campaign that Mota-Engil has embarked on should see SEAM develop rapidly as a gold exploration company.
“We are confident that we will establish a Code Compliant Indicated gold resource by the end of this year; taking the company to the next level,” Ovadia said.
South East African Mining Limited is an active business incorporated in England & Wales on 12th February 2010. Their business activity is recorded as Mining of other Non-ferrous Metal Ores, according to the company’s website.
South East African Mining Limited is run by five current members and one company secretary. 18 shareholders own the total shares within the company. It is not part of a group.
The latest Annual Accounts submitted to Companies House for the year up to December 31st 2012 reported ‘cash at bank’ of £201,120, ‘liabilities’ worth £3,469, ‘net worth’ of £516,384 and ‘assets’ worth £515,572. South East African Mining Limited’s risk score was amended on February 21st 2013.
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