Pambili Natural Resources Corporation

Breaking news from Pambili’s Golden Valley mine

On Nov. 25, 2024, we announced the identification of a high-grade vein at Golden Valley’s Shaft 14. A grab sample of the friable material taken over approximately 70 centimetres of the exposed reef panned a one-centimetre-long tail of visible gold; samples submitted to a local non-accredited laboratory returned high grades, including 192.5 g/t (fire assayed), 75 g/t (bottle rolled) and 63 g/t (bottle rolled). We are timbering and cleaning out these historical workings for safety; we’ve increased security at the mine as a result; and our focus now at Golden Valley is to develop Shaft 14 for near-term revenue.

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Pambili Natural Resources Corporation is a natural resources exploration and development company focused on southern Africa’s mining sector, trading on the TSX Venture Exchange (TSX-V: PNN).

In November 2024, Pambili signed an option agreement with Long Strike Investments (Private) Limited to acquire the London Wall group of gold mines and claims located in the Gwanda district of Matabeleland, Zimbabwe.

Under the terms of the option, Pambili has the right to acquire 21 gold claims, which cover 173 hectares and include the previously producing London Wall and New Jessie mines. In addition, Long Strike has applied for contiguous extensions to the claims, totalling an additional 547.8 hectares. Once granted, these extensions are included in the option.

This follows on the heels of our November 2023 share agreement to acquire a producing gold mine, the Golden Valley project, in Matabeleland province — a mine in the Bulawayo Greenstone Belt with a history of high-grade underground mining.

We’ve welcomed Kavango Resources Plc as a strategic investor, we’ve produced our first gold at Golden Valley, we’ve brought the onsite production plant back online, and as of September 2024 we’ve begun our Golden Valley underground drilling program, with the first two holes encountering known gold pathfinder minerals like pyrite and quartz.