Galane Gold looks to expand resource base

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FRANCISTOWN: A feasibility study to find the long-term solution to the depleting resource at Galane Gold (Pty) Ltd would be completed in May next year, Galane Gold General Manager Lawrence Manjengwa has said.

Addressing a press conference after the Galane Gold flag raising event recently, Manjengwa said the sole gold producer in the country is doing everything within its power to expand the resource base which is fast depleting.

Manjengwa said Galane Gold is currently carrying out a feasibility study on underground mining in a move aimed at prolonging the mine's lifespan and supplementing the depleting resource at Mupane Gold Mine.  Mupane Gold Mining is a 100 percent subsidiary of Galane Gold Ltd along with two other companies in Botswana, Shashe Mines (Pty) Ltd and Galane Gold Botswana (Pty) Ltd which is listed on the Botswana Stock Exchange (BSE). ÒThe mine has limited resources but with a lot of potential,Ó said Manjengwa.

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