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A junior miner with an unusually large footprint on one of southern Africa’s most prospective greenstone belts is preparing to put its geological thesis to the test.
One Bullion (TSXV: OBUL; OTCPL: OBULF) is weeks away from launching geophysical surveys across its Maitengwe and Vumba projects in Botswana, with each campaign expected to take approximately five weeks to complete. Preliminary results are anticipated within a week of survey completion, with fully processed datasets to follow roughly four weeks later.
Maitengwe, covering 132 square kilometres between Tutume and the Zimbabwean border and the Vumba project, situated within a greenstone belt credited with around 1.5 million ounces of historic gold production and carrying intercepts of up to one metre at 20.9 grams per tonne, together anchor a land package that One Bullion’s Chief Executive Adam Berk argues is genuinely rare at the junior level.
“Not many junior miners are sitting on 147 linear kilometres of the greenstone belt, but we do. When you put that into the pot with say, US$5,300 an ounce for gold, it makes it very exciting,” noted Berk.
He has been vocal about Botswana’s merits as an operating environment, describing a jurisdiction that the company identified six years ago as meeting every criterion it required. “It’s very democratic, it’s very mining friendly and it’s easy to operate in, with real infrastructure. Botswana checks all of those boxes,” added Berk.
With gold prices continuing to reward patience, the coming months will reveal whether One Bullion’s long-held conviction about its ground translates into drill-ready targets and ultimately, into ounces.
