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The gold mining sector has been the backbone of the South African economy since the pre-colonial era. As far back as 1220 AD, the Kingdom of Mapungubwe, in the northern part of present day South Africa, controlled a powerful gold trade with the coastal Swahili settlement at Kilwa Kisiwani, present day Tanzania. This gold trade brought great power to the Kingdom over its 150-year span. Kara Gold aims to fulfil its mission using gold as a wealth-creation tool
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Kara Gold operates its gold projects in South Africa and Uganda. We are leveraging the deep South African experience-base to unearth the untapped opportunity in east Africa, while contributing positively to these economies and empowering the communities they support.
In Uganda, Kara Gold owns gold exploration licenses covering an area of over 110km 2 . These assets are located in the gold-rich province of Buhweju. Our stream sediment sampling program resulted in the discovery of a gold bearing source, characterised by grab rock samples containing over 50g/t of gold. Our targeted geochemistry program showed leachable grades of surface gold content in soils, while our geo physicsprogram revealed a shear-zone that controls the mineralisation with a strike length exceeding 3km. Our geological modelling suggests three distinct mineralisation events that formed this promising gold prospect.
In Rwanda, Kara Gold sources high-grade cassiterite (tin) for export to various international markets. The rich resource, located within the Kibaran belt, yields up to 86% tin oxide. Kara Gold has secured a monthly allocation of cassiterite which is supplied to markets in South Africa and Asia. Our product is ITSCI compliant and is tagged to minimise conflict - associated minerals.
In South Africa, Kara Gold is exploiting opportunities in the reverse mining environment. Gold mining in South Africa has yielded over a trillion tons of gold tailings which are known to carry recoverable gold content. The gold tailings also pose a health and environmental hazard for the communities where they are located. Kara Gold has joined forward-looking mining
companies that seek to re-process these tailings deposits and restore the surface land to a usable state.
The refilling of underground cavities, created by historical mining activities, with residue from tailings re-processing is referred to as reverse mining and accords with the United Nations’ Goals on Sustainable Development (USGSD) as well as the mandate of the National Department of Environmental Affairs.
