Mining & Metals - , ,
Chikale Resources is a private junior mineral exploration company focused on the exploration of lithium, rare earth minerals and gold in the Republic of Malawi (which borders Zambia, Tanzania and Mozambique.) Chikale Resources have just completed first stage exploration and achieved very promising results and are now seeking capital to complete a detailed rock chip and soil sampling program with the aim to generate targets for the first drilling project. Chikale Resources have been granted four Exclusive Prospecting Licenses (EPL) totalling approximately 1,150 km2 of land which are held by its 100% owned subsidiaries, Surya Mining Company Limited and Chikale Resources Limited (Malawi.)We have three very solid pieces of evidence to show the minerals in the ground:a) A full radiometric and magnetic data suite (including maps and digital elevation models) from a nationwide European Union and World Bank funded airborne geophysical survey identifying the areas containing minerals.b) Actual geochemical analysis of the stream sediment and rock chip samples that Chikale Resources collected this year.c) Pre-feasibility studies on nearby projects which contain similar carbonatite rock outcrops which host heavy and light rare earth elements.Chikale Resources hope to join a growing number of companies investing in the Republic of Malawi and its people and through the course of this investment it hopes to provide food security, healthcare, education, skills training & employment for the local communities.
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