New gold zone found in Tanzania THISDAY REPORTER & AGENCIES London THE AIM-listed mineral exploration and development company Obtala Resources Plc has identified a new gold zone in its Buckreef licence in the Lake Zone of Tanzania as results from new soil sampling tests resolved a considerably larger target than defined by the original sampling in 2008. The licence is positioned ideally in what the company describes as a world-class gold producing region, with operations including the Geita Gold Mine run by South Africas Anglogold Ashanti close by. Obtala said yesterday it had identified a 4-kilometre long, gold-in-soil, geochemical anomaly in the area, representing an exciting new zone of mineralization that has not been previously tested or discovered by either trenching or drilling. The company said it remained fully funded to continue its exploration programme over all its licence areas for 2009 and thereafter. The Buckreef licence covers an area of 16.46 sq km located 120km southwest of Mwanza on the shores of Lake Victoria, and 4km west of the Buckreef Gold Mine currently being evaluated by IAMGold. It is estimated that there is gold in soil up to 704 parts per billion (equivalent to 0.704 g/t) in the area.