Firm discovers huge diamond and gold deposits in Masvingo

A South African firm has made a shocking discovery of huge gold and diamond deposits in Masvingo. Xcalibur Airborne Geophysics made the discovery in Mwenezi and Chiredzi

The discovery of the minerals around the Chingwizi area at Nuanetsi Ranch and northern parts of Chikombedzi, followed an aero-magnetic survey commissioned by Government through the Ministry of Mines and Mining Development last year.A local firm, Aero Surv Zimbabwe, partnered Xcalibur Airborne Geophysics, in the survey which was launched by Mines and Mining Development Minister Winston Chitando at Buffalo Range Airport last year.The surveyed block for diamonds covered approximately 8 800km stretching over Ngundu, Rutenga and other parts of Mwenezi.It focused on conglomerate, alluvial and kimberlite deposits.Government officials said the discovery could be “a massive boost for the country’s economy” as the resources are expected to help the Government meet its target of transforming the mining sector into a US$12 billion industry by 2023.

Masvingo Provincial Affairs and Devolution Minister Ezra Chadzamira said the discovery of the two minerals bodes well for the economy.“Huge diamond deposits were discovered around the Chingwizi area in Mwenezi while gold was found in northern Chikombedzi following an aero-magnetic survey commissioned by the Government.“The Ministry of Mines will outline the next course of action after this discovery, but we are excited as a province because this will help grow our provincial Gross Domestic Product and also help the nation achieve its target to make mining a US$12 billion industry by 2023,” said Minister Chadzamira.