South East African Mining (SEAM) through its subsidiary South East African Mining Exploration (SEAMEX) is exploring for gold and base metals in South Dwangwa, central Malawi. The company also has exploration licences for two blocks in north Malawi (Chitipa-Kameme and Misuku).
In August 2012, the company revealed it would begin with exploratory drilling on two sites in cooperation with Portuguese multidisciplinary engineering group Mota-Engil, following initial rock and soil sampling. These targets are based on records from the 1930s and 1960s. According to SEAM’s chief geologist Peter Pitfield
The occurrence of alluvial gold in the drainage on the south side of the Dwangwa river was first investigated in detail by the British South Africa Company (BSACo) in the late 1930s. The BSACo found that gold could be panned out of stream sediment samples over a wide area south of the Dwangwa river. The gold was found in tributaries of the Dwangwa river in a belt that is up to 8 km wide and over a distance of about 40 km.
A conspicuous cluster of positive results for gold occurred around Kadyalumba Hill, where the gold was thought to be derived from quartz stringers in the gneisses and in proximity to felsite dykes.
Following the completion of exploratory drilling, Mota-Engil will take a stake in SEAM’s subsidiary SEAMEX.
SEAM’s chairman, David Ovadia, discussed the joint venture with Mota-Engil
We are very proud to be working in joint venture with such a prestigious company as Mota-Engil.
The drilling campaign that Mota-Engil has embarked on should see SEAM develop rapidly as a gold exploration company. We are confident that we will establish a Code Compliant Indicated gold resource by the end of this year; taking the company to the next level.
The combination of Mota-Engil’s vast experience as a versatile, consistent and pioneering engineering specialist and SEAM’s in-depth knowledge of mining in Africa will generate a strong, diverse and formidable business, on track to explore significant highly prospective areas in Malawi.
Mota-Engil is already involved in Malawi’s largest mining project, Kayelekera Uranium Mine.
SEAM does not have a website at present although Company Check indicates that the company was incorporated in England and Wales in February 2010. 18 shareholders own the total shares in the company, which is run by 5 members and 1 secretary.
Reblogged this on mbaks.
We want mining companies that come to do business. Not taking tons of samples of minerals. Imagine taking tons of gold ores.