Mabwe Minerals Announces Expansion of Dodge Mine Property
Mabwe Minerals Announces Expansion of Dodge Mine Property
Flagship Property in Zimbabwe Expanded to 233 Hectares
FREEHOLD, NJ--(Marketwired - Jan 6, 2014) - Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company"), a natural resources company engaged in the mining and commercial sales of industrial minerals and metals, is pleased to announce that Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., has acquired the mineral & metal rights to 110 hectares (272 acres) contiguous with Dodge Mine. The property now covers a total area of 233 hectares (576 acres).
To view the latest edition of the MabweMessage Newsletter, which shows aerial & gravity maps, on-site pictures, and the registration certificate of the added property, visit http://dtg.fm/mbmi-message-1-14.
With the extension, the Dodge Mine property range now extends to include all of the first three mountains and a portion of the fourth mountain moving east-to-west. Mabwe Minerals has been targeting the expansion since the area was gravity mapped in 2012 indicating the continued presence of barite towards the largest mountain on the western end. A recent series of four meter trenches across the third mountain has located two parallel barite lenses, which confirms what is shown on the gravity map.
Tapiwa Gurupira, Director of Mabwe Minerals, stated, "During the gravity mapping project last year, the owner of MWH Geo-Surveys kept pointing west with vocal excitement and encouraged us to extend the property. We are thankful that the gravity mapping project extended into this additional 110 hectares verifying what we had hoped, data confirming the continued directional flow of multiple barite lenses."
"With a number of third party geologists having now visited Dodge Mine, it is certain that we will continue to move west," added Tapiwa.
Mabwe Minerals has been making plans to initiate a drilling program that is necessary to complete the gravity mapping interpretation with volume estimates. Now that the Dodge Mine extension certificate has been issued by the office of the Mining Commissioners, WGB Kinsey & Company intends to proceed with finalizing the drilling plan.
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard asset company engaged in the mining, logistics and commercial sales of industrial minerals and metals, with first focus on barite and limestone. The company's operations are conducted through its Zimbabwe parent/holding affiliate, Mabwe Corporation (Private) Limited, which includes wholly owned subsidiary Mabwe Minerals Zimbabwe (Private) Limited and minority owned WGB Kinsey & Company. Raptor Resources Holdings, MBMI's parent/holding company, owns 90 million common shares of Mabwe Minerals. To learn more about Mabwe Minerals, visit: www.mabweminerals.com or www.dtg.fm/MBMI-Presentation.
Notice Regarding Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" ("FLS") within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. Raptor Resources Holdings Inc. and Mabwe Minerals Inc. have no specific intention to update these statements.
Contact:
J. Louis Schlegel IV
Vice President: Business Development
J4@mabweminerals.com
Mabwe Minerals Announces Expansion of Dodge Mine Property
Flagship Property in Zimbabwe Expanded to 233 Hectares
FREEHOLD, NJ--(Marketwired - Jan 6, 2014) - Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company"), a natural resources company engaged in the mining and commercial sales of industrial minerals and metals, is pleased to announce that Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., has acquired the mineral & metal rights to 110 hectares (272 acres) contiguous with Dodge Mine. The property now covers a total area of 233 hectares (576 acres).
To view the latest edition of the MabweMessage Newsletter, which shows aerial & gravity maps, on-site pictures, and the registration certificate of the added property, visit http://dtg.fm/mbmi-message-1-14.
With the extension, the Dodge Mine property range now extends to include all of the first three mountains and a portion of the fourth mountain moving east-to-west. Mabwe Minerals has been targeting the expansion since the area was gravity mapped in 2012 indicating the continued presence of barite towards the largest mountain on the western end. A recent series of four meter trenches across the third mountain has located two parallel barite lenses, which confirms what is shown on the gravity map.
Tapiwa Gurupira, Director of Mabwe Minerals, stated, "During the gravity mapping project last year, the owner of MWH Geo-Surveys kept pointing west with vocal excitement and encouraged us to extend the property. We are thankful that the gravity mapping project extended into this additional 110 hectares verifying what we had hoped, data confirming the continued directional flow of multiple barite lenses."
"With a number of third party geologists having now visited Dodge Mine, it is certain that we will continue to move west," added Tapiwa.
Mabwe Minerals has been making plans to initiate a drilling program that is necessary to complete the gravity mapping interpretation with volume estimates. Now that the Dodge Mine extension certificate has been issued by the office of the Mining Commissioners, WGB Kinsey & Company intends to proceed with finalizing the drilling plan.
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard asset company engaged in the mining, logistics and commercial sales of industrial minerals and metals, with first focus on barite and limestone. The company's operations are conducted through its Zimbabwe parent/holding affiliate, Mabwe Corporation (Private) Limited, which includes wholly owned subsidiary Mabwe Minerals Zimbabwe (Private) Limited and minority owned WGB Kinsey & Company. Raptor Resources Holdings, MBMI's parent/holding company, owns 90 million common shares of Mabwe Minerals. To learn more about Mabwe Minerals, visit: www.mabweminerals.com or www.dtg.fm/MBMI-Presentation.
Notice Regarding Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" ("FLS") within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. Raptor Resources Holdings Inc. and Mabwe Minerals Inc. have no specific intention to update these statements.
Contact:
J. Louis Schlegel IV
Vice President: Business Development
J4@mabweminerals.com
