Parallel Mining is focused on the development of high value, high potential advanced gold exploration projects in East Africa. Parallel Mining has assembled a group of resource sector and mining professionals to take the properties to the next stage of advanced exploration.
The Tigray Region is the most northern in Ethiopia, bordering Eritrea. It is part of the low-grade meta-volcano-sedimentary Neoproterozoic basement of the Nafka Terrane of the Arabian Nubian Shield. The main rock types of Tigray can be broadly divided into four units;
The geology makes up part of the Neo-Proterozoic low-grade metavolcanics and volcano-sedimentary succession of Northern Ethiopia. The metavolcanic rocks are dominantly comprised of felsic to intermediate-mafic rocks. Major parts of the metasedimentary rocks occur in the eastern part of the mapped area. Thin layers of mafic to ultramafic rocks occur in the separation of the major lithological change located in between the two blocks.
The exploration team will attempt to locate all gold and other valuable minerals and sources of mineralization with the project area. Important previous activities in the region have indicated quartz vein, shear zone hosted, alluvial gold deposits, and other deposits. Mineralizing structures, alterations and general areas of mineralization can be located using historical maps, exploration reports, inspection of old workings, information from local sources, and field-based activities will begin to focus on exploration activities in targeted areas. Experiences gained from previous years of exploration activities, local miners, and the project developer will help identify geology, alteration features and structures that controlled mineralization of the area and prepare for further development and production stages.