CALGARY, Canada (May 29, 2025)— TheNewswire - Pambili Natural Resources Corporation (“Pambili” or the “Company”) (TSX-V:PNN) is pleased to provide an update for the Golden Valley A1 mining claim (“GVM”) in Zimbabwe.
Pambili has commenced development of a cross-cut into the new gold target area (“Target Area”) previously identified by Hole EADD001 at GVM earlier this year (announced Jan. 14, 2025).
Assays of the core retrieved from Hole EADD001 identified an anomalous zone of sulphide mineralized brecciated chert returning 1.2 grams per tonne (“g/t”) gold over an apparent width of 17.2 metres beneath the historic workings at GVM mine. Mineralization appears to remain open along strike and at depth.
Pambili is developing the cross-cut from the recently developed sub-vertical shaft. The Company will extend a cross-cut southwards to the higher-grade lower contact (7m @ 2.00g/t Au including 2m @ 3.86g/t Au) as a priority and the lower-grade upper contact (2.19m @ 1.57g/t Au) as a secondary priority.
Figure 1: Cross-cut being developed to intersect identified zones of sulphide mineralization.
Pambili will process the material recovered from the cross-cut through the existing on-site stamp mill at GVM. At current gold prices, processing grades as low as 0.5 g/t can be profitable. Once the mineralized zone is encountered, any ore will be processed through the GVM gravity recovered gold (“GRG”) plant, which is currently being modified to facilitate the processing of larger quantities of ore.
Jon Harris, Chief Executive Officer of Pambili Natural Resources, commented: “Pambili is at a pivotal growth point, with the development of the cross-cut at GVM being key to establishing the potential scale of gold mineralization at GVM. Core from Hole EADD001 suggests mineralization continues down-dip from the historical workings and we are optimistic about the future potential of the the East Adit.”
This news release has been reviewed by Gayle Hanssen BSc. (Hons.) Geology, an independent geologist who is a qualified person (“QP”) as defined by Canadian National Instrument 43-101 and who has approved the technical information contained herein.
About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe and in the province of Alberta.
For further information, contact:
Pambili Natural Resources Corporation
T: 403 277 4421
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding Forward-looking statements. Certain information set forth in this news release may contain Forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward-looking statements included in this news release include statements with respect to work to be done on the Corporation’s gold exploration and development projects in Zimbabwe. These Forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the Forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.
