Apollo Fintech Private Limited Technical Report
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Marume Resources
t/a Virtuous Environment
Apollo Fintech Technical Report - May 2020
Apollo Fintech
Private Limited
Technical Report
May 2020
Mining & Mining Consultancy
Claims Pegging Prospectus Mineral Explora ons
Mineral Prospec ng Si ng of Works Plan Mining Opera ons Consultancy
Mining Construc ons Geological Technical Reports Rock Blas ng & Machinery Hire
Marume Resources
t/a Virtuous Environment
Apollo Fintech Technical Report - May 2020
INTRODUCTION
Desktop study report on the Wytte Mining (A-J) Gold, gemstones and Platinum group Ore deposits prospects
has been compiled at the request of Apollo Fintech (Pvt) Ltd representative who wanted an assessment of
these deposits. The claims are 10 Special Grant Applications of 150 hectares each totaling 1500 ha. The claims
have been registered in line with the Ministry of Mines and Mining development of Zimbabwe.
LOCATION AND ACCESS
Apollo Fintech Gold, Rhodium ore deposit is located about 60km north east of Karoi within the Kazangarare
Communal lands and is less than a kilometre by road from the Kariba, Chirundu highway. The Wytte Mining
Gold, gemstone and platinum group deposit is easily accessible to these deposits.
Fig 1: Location of the Claims on a 1: 50 000 topographical map extract of Karoi. UTM: Arc 1950
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Apollo Fintech Technical Report - May 2020
Fig 1 Shows the topographical map of the registered claims on the SE – 35 – 4 Kariba, scale 1:250000
The pink rectangle shows the overall proposed claims extension which is an estimated 33,000 hectares of land within
the Kazangarare gemstone belt. The green rectangle shows the registered sites loca on with a total of currently 1500Ha
registered. The claims are registered as Wytte Mining A – J with each 150ha claim registered in line with the Ministry of
Mines and Mining Development of Zimbabwe.
HISTORY OF THE KAZANGARARE GOLD AND GEMSTONE DEPOSIT
The history of the deposit dates back to as early as 1962. Originally, it was reserved as a game park reserve being a
state land surrounded by game parks to the likes of Chewore, Mana pools and Charara Safaris. Later, it was allocated
as farming under the land redistribution in the early 2000s and then realized a few settlers occupying parts of the land
though the bulk is still unoccupied. That is when individuals noticed the presence of semi-precious minerals and gold in
the area which the bulk of miners focus on.
GEOLOGY
The area contains several deposits as the of semi precious minerals that can be noticed from the surface with the
presence of rubbles containing various minerals and a ridged gold belt characterized with palladium and rhodium
deposits. The Apollo Fintech (Pvt) Ltd claims are situated on the northern limb of the Archaean Kazangarare Gemstone
Belt, along strike from several other gold deposits. The Kazangarare Gemstone Belt is located in north-western
Zimbabwe and measures over 90 km in length from west to north-east and is approximately 15 km in width. The belt in
its entirety is typical of gemstone belts of the Zimbabwe Craton and comprises mafic to felsic volcanics with
intercalated sedimentary units, including banded rhodium formations. In the vicinity of Apollo Fintech (Pvt) Ltd claims
the Kazangarare Gemstone Belt lithologies comprise felsic schists of either sedimentary or igneous origin, overlain by
mafic to ultramafic rocks containing layers of banded mica, aquamarine and rhodium formation, in turn overlain by a
thick sequence of mafic rocks. The entire sequence, from Magunje, through Apollo Fintech (Pvt) Ltd, to the Chewore
and Doma Game reserve, is cut by a regional dolerite sill (AGS, 2006). Mineralization at Magunje, to the west -
northwest of Apollo Fintech (Pvt) Ltd, is hosted in the band gemstone formation unit, whereas that at Apollo Fintech
(Pvt) Ltd is located in the overlying mafic unit.
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Apollo Fintech Technical Report - May 2020
Kazangarare Gold and Gemstone Ore deposit
Fig 2: Map - 1629AD2. Loca on of Kazangarare Gold and Gemstone Ore deposit on a 1: 25 000 claims map
Wy e Mining (Pvt) Ltd Mining Claims
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Mining & Mining Consultancy
Claims Pegging Prospectus Mineral Explora ons
Mineral Prospec ng Si ng of Works Plan Mining Opera ons Consultancy
Mining Construc ons Geological Technical Reports Rock Blas ng & Machinery HireMarume Resources
t/a Virtuous Environment
Apollo Fintech Technical Report - May 2020
GOLD AND GEMSTONE ORE QUALITY/GRADE
Apollo Fintech (Pvt) Ltd
RESERVE RESOURCE CALCULATION
AS AT 15 DECEMBER 2019
Ore Body Wy e Mining A Gold Rhodium Palladium Pla num
Sec on Sample Width Sample Value Sample Value Sample Value Sample Value
(m) (cm) (g/t) (g/t) (g/t) (g/t)
7.5 400 6.52 3.25 1.24 2.36
7.5 800 7.14 4.09 1.10 1.90
7.5 1450 7.51 4.43 0.88 1.85
7.5 1900 6.99 3.84 1.38 2.12
7.5 2050 7.06 4.22 1.15 1.86
Total/Avg 1320 7.04 3.97 1.15 2.01
SUMMARY
Ore body : Apollo Fintech (Pvt) Ltd
Block : Wy e Mining A, B, C, D, E, F, G, H, I, J
Category : Probable
Level
Sec on Sample Width Sample Value
(m) (cm) (g/t) (m*cm) (g/t*m*cm)
Total/Avg 37.5 1320 14.17 49500 701415
37.5 1320 14.17 49500 701415
Estimated average ore output on the registered claims that were collected randomly within the ten claims shows a
14.17 grams per tonne with key minerals being gold, palladium, rhodium and platinum besides iron and other less
valuable minerals. This does not take into consideration the rapid occurrence of precious and semi precious stones
belts as diamonds, aquamarine, tourmaline, amethyst, quartz, mica among several others with a high potential for
emerald. Estimated potential of the already registered 1500 ha claims is over 120 tonnes of free gold ore before
processing through CIP or leaching with an average 96% gold percentage value per content. The platinum group
minerals also have a higher potential to increase percentage content value per tonne with depth.
The gold belts can be traced along the Kazangarare gemstone belt from both surface rubble and visible surface belts.
The Rhodium, Platinum and Palladium reservoirs have not yet been worked on so it is not easy to determine their
occurrence at depth but can best be estimated to increase gradually with depth. Gemstones are however
spontaneous as belts of emerald, aquamarine, tourmaline, Mica, amethyst are widely spread across the whole area.
Deep sampling can be recommended to determine the full potential, standard up to 100 metres to determine the
full potential and lifespan of the area though for any mineral, the area has immense potential.
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Apollo Fintech Technical Report - May 2020
SITE FOOTAGE
Overview of the Eastern stretch behind the individual from a mountain top showing poten al vast poten al
expansion sites before reaching the Game Safaris.
SITE FOOTAGE of a Northern view of a mountain in Registered Claim - Wy e Mining E
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Apollo Fintech Technical Report - May 2020
CONCLUSION AND RECOMMENDATIONS
A considerable tonnage of high grade Iron ore is present at the Kazangarare range gemstone deposit and further
explora on work in the form of drilling is necessary to prove the ore reserves. Systema c sampling over the en re
occurrence would also be necessary to establish the overall quality and grade of the gold and pla num group and
semi precious ores. Given the ever present demand and price of both minerals, a considerable investment into the
deposit is worthy.
REFERENCES
1. CM Barton, JN Carney et al (1991) - The Geology of the country
Zimbabwe Geological Survey, Bulle n No.92, Fidelity Printers, Harare
2. Maps, Fig 1: SE-35-4 Kariba, Edi on 3
Universal Transverse Mercator, Grid 35, Modified Clarke 1880 Spheroid (S.A.)
3. Maps, Fig 2: Vu Purchase Land, Karoi
Universal Transverse Mercator, ARC 1950, Ministry of Mines and Mining Development of Zimbabwe
4 M. Marume (2018) (Unpublished) Preliminary report on the Geological evalualation of the Kazangarare Gemstone
Belt, Magunje Communal Lands, Karoi, Zimbabwe
ALL RIGHTS RESERVED
This document was prepared and remains the property of Marume Resources and subsdiary company Virtuous
Environment. It is not to be traced, photocopied or reproduced whatsoever without prior or wri en permission from
Marume Resources.
Prepared and authen cated by:
T/A Virtuous Environment
arume +263 71 259 7781
Resources
+263 77 450 9557
virtuousenv@yandex.com
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