Karoo Exploration Corp. is a publicly listed TSX-V Canadian Company focused on uranium exploration in Tanzania. The company is exploring for uranium in one of the most prospective areas in the world.
Karoo to acquire Chirundu Uranium Project in Zambia
Karoo is pleased to announce that it has entered into a letter of intent to acquire the Chirundu Project, along with a portfolio of uranium properties, in Zambia, from African Energy Resources Ltd. The Chirundu Project will add to Karoo's existing portfolio of Uranium projects in Africa. The properties are located in the south and northeast of Zambia, and are comprised of the Chirundu, Kariba Valley, and North Luangwa Valley projects. Please see our updated October company presentation for more information on this project (under presentations).
Karoo Exploration Corp. owns 100% interest in 5 uranium licences, encompassing 852 Km². in the Selous Basin of southern Tanzania. Application has been made for an additional 3,129 Km². in the highly prospective Karoo Basin. The Selous basin is a highly prospective region for uranium exploration with 3 uranium discoveries in the vicinity of Karoo's land package. Karoo has identified several highly prospective uranium anomalies on its properties and has commenced with initial exploration activities.
Karoo has strong local geological and infrastructure support in Tanzania which enable Karoo to take advantage of the opportunities in Tanzania in a cost effective manner. The advisory board of Karoo also provides strong in country knowledge and political experience.
Karoo has strong local geological & infrastructure support in Tanzania which enable Karoo to take advantage of the opportunities in Tanzania in a cost effective manner. The advisory board of Karoo also provides strong in country knowledge & political experience.