Located within the Gweru-Shurugwi Greenstone Belt, similar to the Greenstone belts found in both Canada, and Australia, this belt had produced 6.5% of Zimbabwe’s total gold production through 1994. Mineralization at the Venice Mine occurs in a brecciated stockwork of quartz and quartz-carbonate veins and veinlets within a wide alteration zone. .
The Venice Mine is now producing gold and is expected to contribute meaningful gold production to Falcon Zimbabwe’s total annualized gold output while also providing significant exploration potential. Excellent exploration potential exists both underground and at surface, and the property remains very much under-explored, with evidence along strike and down dip extensions being present.