Description
Observations of the regional geology and airborne geophysics suggest these Fe-bearing layers are continuous along strike for many kilometres. The airborne magnetics shows the well developed NW orientated stratigraphy with the Iron rich layers delineated by magnetic anomalism, or where the ore is hematite rich, in magnetic low zones.
A current study of less than half a square km of the leased area gives an estimated ore reserve of at least 11 Million metric tonnes. Within the immediate neighborhood are exploration licenses with iron ore reserves estimated between 200- 500 metric tonnes which are also available for immediate sale. These include: Blocks 1,2,6,8 attached. These properties lie with in the Soth Western Uganda mineral belt. A huge potential market for steel products exist in Uganda, neighbouring Rwanda, Congo, Burundi, Southern sudan among others.
Geology
The area is underlain by the Mezo Proterozoic Karagwe Ankolean system, the NW extension of the Kibaran metallogenic belt which hosts significant gold, nickel, tungsten and tin deposits. The Karagwe-Ankolean system consists of metamorphosed phyllite, mudstones, shale, siltstone, sandstone and quartzites intruded by Syn- to Post-orogenic granitoids. Historical geological maps refer to Fe-rich occurrences termed Itabarites. In the Kabale district at least 12 iron ore occurrences have been noted on past reports. These occurrences consist of haematite, limonite, magnetite and ilmenite. One of the best known BIF occurrences is at Muko which has a reported haematite content of over 90% Fe2O3.
History
Resource evaluation of the area under lease 2.93square kms utilized previous work including drilling data, geo mapping, ground geo physical surveying, recent pitting and geo mapping combined with GIS manipulation. Besides these Iron lenses were mapped on the 1: 100,000 scale geo map sheet 93 (Kabale).
