Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Tanzanian Royalty Announces Completion of 43-101 Report For Kibara Mineral Project

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Invisible, Nov 17, 2009.

  1. Invisible

    Invisible Admin Staff Member

    #1
    Nov 17, 2009
    Joined: Feb 11, 2006
    Messages: 9,095
    Likes Received: 140
    Trophy Points: 160
    Tanzanian Royalty is pleased to announce the completion of a National Instrument 43-101 compliant Technical Report for its Kibara Mineral Project in northern Tanzania. The project area comprises approximately 375 square kilometres and is situated within the Musoma-Mara Greenstone Belt about 145 kilometres southwest of the North Mara gold mine.

    Significant gold and copper mineralization has been identified at Kibara in trenches within the Nyakona Hill area and in artisanal gold workings. Several grab samples taken in 2005 returned values up to 6.0 g/t gold and 13% copper.

    In a news release dated April 18, 2006, the Company reported trenching results that included 17 samples averaging greater than 1% Cu; nine samples that returned values greater than 5% Cu; and four values that graded over 10% Cu (10.2; 13.5; 15.0; 27.4 respectively). Silver values ranged from detection levels to 87 g/t (2.5 oz/ton).

    The Company began exploration work on the Kibara Project in August 2002 with mini-BLEG (Bulk Leach Extractable Gold) sampling. This program was followed by rock and termite mound sampling to validate the BLEG anomalies and later by trenching, biogeochemical (BGC) sampling and gradient IP surveys. The other licenses were covered with BGC sampling, mapping and chip sampling and limited auger drilling.

    Follow-up exploration work including RAB and/or RC drilling has been recommended for each of the targets areas identified in the 43-101 report which was prepared by Martin J. Taylor, P.Geo, a Toronto-based independent consulting geologist who fulfills the requirements to be a "Qualified Person" for the purposes of NI 43-101.

    The objective of this program will be to confirm the existence at depth of any gold/copper-in-quartz mineralization returned previously in trenches at Nyakona Hill and to extend any gold mineralization identified in the artisanal mine workings. Success in the first phase exploration program would precipitate a second phase of exploration that would include additional RC drilling to expand the mineralization along strike and to depth.

    Respectfully Submitted,

    "James E. Sinclair" James E. Sinclair
    Chairman and Chief Executive Officer
     
  2. Steve Dii

    Steve Dii JF-Expert Member

    #2
    Nov 17, 2009
    Joined: Jun 25, 2007
    Messages: 6,414
    Likes Received: 40
    Trophy Points: 145
    Endless exploration... how long for? Full scale mining ought to have commenced by now!
     
  3. Invisible

    Invisible Admin Staff Member

    #3
    Dec 4, 2009
    Joined: Feb 11, 2006
    Messages: 9,095
    Likes Received: 140
    Trophy Points: 160
Loading...