Gold in Swaziland

Gold Home

• There is no known gold mining industry, but the Irish company Kenmore Resources had two gold licences at Niassa(?), where test drills in 1996 inferred resources of 200,000 oz.

• Between 1996 and 1998, SouthernEra Resources explored the Daisy and Piggs Peak gold areas of northern Swaziland. Work included ground magnetics, geochemical soil sampling and the drilling of 9 diamond drill holes (1500m) for hydrothermal gold targets.
  

• Dwyka Diamonds Ltd (Australian, DWYKF.PK) announced on March 7, 2007, that it had signed a legally-binding Memorandum of Understanding with the shareholder of Swazi Gold Ventures (Pty) Ltd , the holder of 90% of the issued shares in Swaziland Gold (Pty) Ltd , which in turn owns the Swazigold project in Swaziland. The project is located in the Archaean Barberton Greenstone Belt that straddles the border between Mpumalanga Province, South Africa and Swaziland. Swazigold’s project area is 425km2. The licence area comprises more than 40km of strike length containing multiple mineralised structures and more than 40 gold showings. Historic detailed drilling has been restricted to the Wyldsdale, Lomati and Daisy prospects where cumulate drilling by previous owners is in excess of 13,000 metres. Based on encouraging exploration results, a 2,000m diamond-core drilling program had started at the end of 2007 on the Daisy, Kobolondo and Lufafa prospects. Three boreholes had been planned for the Kobolondo prospect to test a 600m strike length of a mineralised shear zone.