Formed in 1996 Itinerant Resources Plc is registered in the United Kingdom as a public limited company. It is focused on acquiring, defining and developing quality mineral projects with a regional focus on sub-Saharan Africa.
The Company's flagship asset is the Montezuma gold project which covers an area of 1,177 hectares located southeast of Bulawayo, Zimbabwe. Gold claims are held at Lovel in the Chitomborwizi area situated near Chinhoyi, Zimbabwe. All mineral assets are wholly owned by the Company.
Building shareholder value is best achieved through exploration, evaluation and development of our gold projects, primarily Montezuma.
Partnering with an established gold exploration/production company is a preferred option to accelerate from exploration to early production of the large and highly prospective Montezuma property.
Tinker Mining (Pvt) Limited holds a mining lease on 1,177ha with exclusive rights to mine for gold at Montezuma, southeast of Bulawayo, Zimbabwe. It is located within the eastern part of the Bulawayo Greenstone Belt which connects to the Filabusi Greenstone Belt to the east. The greenstone belts host a number of major gold mines, past and present.
Montezuma’s regional geology is very favourable. It is at the intersection of two crustal-scale shears. The WNW – striking Umzingwane Shear Zone curves in the region where it intersects the NNW- striking Crocodile Shear Zone. The convergence zone between the two shear zones would have represented a high strain constructional zone. This appears to have had an important control on shear zone hosted gold mineralisation.
Seven old gold mines of varying size and past production levels are within the Montezuma property. Past exploration has confirmed the presence of significant gold enrichment. The property has not been explored by modern methods.
Recent technical studies identified 40 exploration targets indicating high potential for new discoveries and the potential to host a significant gold deposit.
Targets for follow-up exploration are indicated by structural and geological features, including proximity to major and second order shears, bends and splays in shear zones, close-spaced veins sets, quartz rubble and bleached ground within a favourable felsic schist unit. Some 1,000 ha are unexplored.
The geological potential of the Lovel gold claims, situated southwest of Chinhoyi, Zimbabwe, will be better understood after trenching and drilling.
Zimbabwe is geologically rich with over 40 minerals mainly gold, nickel, copper, coal, diamonds, PGE's and chromite. The country's vast mineral resources are significantly under developed and under explored with exceptional opportunities.
Government change in late 2017 promises accelerated economic reform. In March 2018 the indigenisation law was repealed. Zimbabwe seeks foreign direct investment with investors having full ownership in any business venture.
Management Team >>
Itinerant Resources Plc has a board and team of senior geologists committed to maximising the geological prospectivity of our gold assets to enhance investor returns and linked to an exit strategy.
Click graph to enlarge