Excalibur Mining acquires interests in gold licenses in Zambia

Perth based Excalibur Mining has acquired four exploration licenses prospective for gold in Zambia which will provide it with an 80% interest.

This is a day after it announced it was extending due diligence on the acquisition of the Zambian gold and copper project due to lack of data from the partners on the project.

As a result the MOU covering the agreement has been extended to March 2014.

However, work is still continuing on the feasibility of building turnover of copper blister to 300 tonnes per month.