Sakania Property
In a joint venture agreement dated 21st May 2007 between ICS and A & Cladava, the company , for a consideration of USD 42000.00, has acquired a 77% interest in two properties, the first of which is historically known as “CHANGULUBE”, a 36 square kilometre property in the area of Sakania, in the District of Haut-Katanga in the Province of Katanga.
The second property, historically known as “KASAMWA”, is also a 36 square kilometre property also in the area of Sakania, in the District of Haut-Katanga in the Province of Katanga. Minimal geological work was undertaken in colonial times (approx 1920’s) with 33 wells being dug and several trenches dug with reports of gold being present but the historical record is incomplete.
ICS management views these properties as early stage exploration projects and will undertake preliminary exploration programs to explore for the presence of gold and copper and cobalt.