The company want to quicken the pace of its ambitious expansion exercise targeting gold, phosphate, copper and
nickel projects in Zimbabwe.
ACR technical director Michael Kellow said the fast-tracked drilling
programme targets the companys Gadzema Gold Project in Zimbabwes
Midlands province where exploration activity has so far revealed a
gold inventory of 900,000 ounces.
ACR commenced an intensive drilling programme at Gadzema in January
and the exercise, which covered approximately 13 000 metres, was
completed in mid-May 2011.
Aggressive drilling programmes for the second half of 2011 are
currently being planned with the objective of gathering further
information about the Gadzema mineralisation as we develop this
significant project up the value curve,” Kellow said.
He was confident that the Gadzema exploration exercise could yield an
inventory of more than one million ounces of gold.
The Gadzema Gold Project incorporates the companys Giant Mine
Project, Pickstone Gold Mine and the Blue Rock Gold Project,
additional mineral rights claims held by ACR subsidiaries and several
acquisition options over the strike zone.
ACR’s total gold inventory now exceeds 1.4 million ounces, including
the exploration results from the firms other projects in central and
northern Zimbabwe.
Work is also underway to develop phosphate, copper and nickel projects
at various locations around the country.
The aggressive exploration programme comes as the British-based
company shifts focus away from its legal battle against the Zimbabwe
government over control of the controversial Chiadzwa diamond fields.
ACR is currently locked in a long-running legal battle with the
Zimbabwe government in a dispute over control of the Chiadzwa diamond
fields in Manicalands Marange district.
The British firm was confirmed as the legal Chiadzwa claim holder in a
landmark September 2009 High Court ruling but has not been allowed to
resume operations.