Pambili in the news: Zimbabwe Independent welcomes Golden Valley expansion

The Golden Valley project area now encompasses 60 hectares of highly prospective ground.

CALGARY, Canada (July 2, 2024)—The recent approval of Pambili’s plans to significantly expand the scale of its Golden Valley project has been welcomed by local press in the nation.

Zimbabwe’s Ministry of Mines gave Pambili the green light to convert the 50-hectare milling site surrounding the Golden Valley mine into a series of five 10-hectare mining claims.

The conversion enables Pambili to complete its planned resource drilling program at Golden Valley over a much larger, highly prospective area.

The development was covered by the Zimbabwe Independent as an example of increasing international interest in Zimbabwean natural resources.

The publication noted how Pambili’s move aligns with the local government’s push to develop Zimbabwe mining into a US$12 billion-a-year sector.

Read the article in full via this link.

In a follow-up editorial piece, the Zimbabwe Independent said Pambili and other companies’ progress could prompt further action to enhance the country’s appeal to foreign investors.

“Positive reports from these firms on their investments in Zimbabwe could significantly boost the country’s profile on international markets,” reads the editorial. “Remember, these companies are listed on an international exchange, and their reports reach a global audience of big companies.”

Read the editorial in full via this link.

Pambili welcomes the support for its efforts in Zimbabwe, and looks forward to releasing further updates as our exploration at the project continues.