Overview
The Belele Dambo EPL was granted to Globe in May 2008 by the Minister of Energy & Mines, Malawi, and is located in the central-western ares of the country.
The EPL is 653km2, includes U, Nb, Ta, Zr and all REEs (rare earth elements), is for a term of 3 years and the Company has a 100% interest (in the specified elements).
Geological Summary
Identified by Globe Metals & Mining's geological team using airborne radiometric imagery, a distinct uranium anomaly, with coincident high U/Th ratios, measuring approximately 1.5km by 1km is the prime target.
In addition, radiometric and magnetic imagery indicate that the anomaly is located on a distinct, north-striking, fault or shear zone that extends for at least 20km to the north and to south across the Zambian border.
Regional geological map sheets indicate that the area is entirely covered by unconsolidated Quaternary sands and soil. Airborne magnetic imagery however indicates that the underlying rocks are Proterozoic in age.
Exploration Program
The Company's initial exploration program, which has already begun, consisted of ground radiometric surveys, soil and rock-chip sampling programs and pitting and trenching over anomalous areas - ten 4m deep pits were excavated by hand to expose the underlying radiometrically anomalous rock units.
The material in the pits was in situ granitic saprolite. Scintillometer readings gave up to 6 x backgroud response.
Laboratory results from channel sampling of the pits will be reported when they become available.
