Gold has been found in Mpika, Zambia, in the Kanyelele area of Chikwanda and Mukwikile Chiefdoms. The gold is found in alluvial deposits, which are deposits of sand and gravel that have been washed down from the surrounding hills. The gold is thought to be of high quality, and there is potential for large-scale mining operations.
The discovery of gold in Mpika has the potential to boost the local economy and create jobs. It is also expected to attract foreign investment to the area. However, it is important to note that mining can have a negative impact on the environment, and it is important to ensure that any mining operations are conducted in a sustainable manner.
The Zambian government has been working to develop the mining sector in the country. In 2022, the government announced a new mining policy that is designed to attract foreign investment and create jobs. The policy also includes measures to protect the environment.
The discovery of gold in Mpika is a positive development for Zambia. It is a sign that the country has the potential to become a major gold producer. However, at the time of writing this article, the Zambian Government has not issued any official statement on the development.
Zambians with a keen eye to break the shackles of poverty have jumped on this grand opportunity to make money by trading the newly discovered gold. It is reported that high grade gold in Mpika is being sold at K250 per gram. A multitude of Zambians and foreigners are rushing to Mpika to buy gold with plans of re-selling at a higher price.
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