Champion MINE

Champion Mine is situated in Manicaland Province, 25km west of Mutare. Champion Mine consists of four groups of claims: Constance, E.M., Dor, and Champion, covering a total area of 131 hectares.

Background

Champion claims were originally pegged by AngloAmerican as Champion and Speedo in 1932. The former produced between 1934 and 1937, 2,206 Oz of gold from 7,526 tons of ore, all obtained from an open cuton the south parallel reef while two Speedo blocks produced, also from open cuts, 1,788 Ozfrom 31,950 tons between 1936 and 1940 (Swift,1956).

The net output from six Champion blocks of claims is 10,605 Oz from 61,697 for an average recovery of 5 g/t. Champion mine has been mined up to 7 level. Champion Claims were transferred to Lonrho Mining Company in 1987.The claims were later transferred to Metallon Gold in 1997.

Commercials

One of Zimbabwe’s leading gold producers, with an impressive annual gold production of 2 tonnes. The mine is estimated to host a substantial resource of 900,000 ounces of gold. The Toronto Group collects a royalty from Sino-Ming Chang for its operations. A residual royalty interest of up to 33%.

  • Location: Manicaland
  • Size: 131 hectares
  • Products: Gold
  • Output: 1058,22 oz per month
  • Resource Value: 100 milllion