Piper Moss Gold Project, Midlands Goldfield

Project Overview

The Piper Moss Mine is a former gold production property situated just 3km north of and in a similar geological setting to the Globe & Phoenix Mine, the second largest gold producer in Zimbabwe's history (over 2.3 million ounces gold). The Moss vein from which most of the past production of 163,200 ounces (520,000 tonnes at 10.8gm/t gold) was derived can be traced for over 1,200 metres and is up to 2m wide in places.

The deposit was formerly accessed on 14 levels by two shafts and by over 10,670 metres of lateral development. Other production came from the Sinola and Spur veins. Several other mineralized structures occur parallel to the Moss vein and contain ore grade values. The New Reef is up to 1.5m thick and contains ore grade gold values (average 19.9gm/t). Potential exists for further gold reserves to be delineated within the Moss vein system as well as in parallel and cross-cutting veins. Over 30 present and past producting gold mines are located within 10km radius of the property. Conquest has identified a number of other gold procuction properties in the immediate area for acquisition.

Conquest plans to evaluate the potential to retreat approximately 500,000 tonnes of tailings and other surface stockpiles on the property by a vat leaching process and will undertake a comprehensive reevaluation of the primary gold potential through surface and underground exploration.