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 | | 2010 will see completion of the Namoya Feasibility study. The project currently hosts 1.124 million oz of Measured & Indicated Resources and 407,700 oz of Inferred Mineral Resources.  The Namoya property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province, approximately 225 kilometers southwest of Bukavu and consists of one PE covering an area of 174 square kilometres.
The most recent technical report with respect to the Namoya Property that has been filed by Banro on SEDAR is the "Preliminary Assessment NI 43-101 Technical Report, Namoya Gold Project, Maniema Province, Democratic Republic of Congo," dated August 17, 2007 and which was prepared under the supervision of James Hollywood, Managing Director of SENET. A copy of this report may be accessed at www.sedar.com or by clicking on the link below. History
Alluvial deposits of gold were first discovered at Namoya in 1930 and mined between 1931 and 1947. Primary gold was also discovered during this period and underground mining commenced on the Filon 'B' deposit in 1947. Further discoveries of primary gold mineralization were made at Mwendamboko, Kakula and Muviringu, where selective mining was carried out. The majority of this mining was based on small-scale underground development along specific mineralized quartz veins or stockwork zones. During the 1950s a small open pit was established on Mt. Mwendamboko. Mining ceased in 1961, although there remained substantial un-mined resources in the various deposits plus several other untested mineralized targets. Limited regional and strike exploration appears to have been conducted since 1961. Total historical production at Namoya has been estimated at 278,000 ounces of gold. Mineralization
Banro's independent geological consultant, SRK, Banro's independent geological consultant, SRK, undertook a site visit in December 2004 to the Namoya project area and completed an updated Mineral Resource estimate in accordance with National Instrument 43-101. In July 2005, September 2006, June 2007 and March 2009, the Namoya Mineral Resource estimate was further upgraded and assessed by SRK, as shown in the table below.
2007 Exploration & Development Program, Maps and Photographs 2006 Exploration Program, Maps and Photographs 2005 Exploration Program, Maps and Photographs
2008 - 2010 Exploration & Development ProgramsThe Company completed 52 core drill holes at Namoya in 2008 with the objective of upgrading Inferred Mineral Resources into the Measured and Indicated categories. Exploration activities in 2009 - 2010 are focused on soil sampling and trenching, which have been extended to cover the entire Namoya property in order to delineate additional targets for future drilling. Analysis of the airborne geophysical and LIDAR surveys conducted in 2007 is also proving invaluable in identifying new prospects on the ground for future follow-up. The Company plans to resume drilling at Namoya in 2010 with the goal of further expanding and upgrading the resource base and advancing the Feasibility study toward completion by year-end. Additional metallurgical testwork is being included in the Feasibility work to optimize the recoveries of the oxide, transitional and sulphide ore types. Recent press releases with respect to the Namoya exploration program were issued on:
Photos
Maps
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