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The Sleeping Giant Nickel-Copper Sulphide Deposit in Tanzania; Then Why R We Poor??

Discussion in 'Jukwaa la Siasa' started by nngu007, Mar 20, 2011.

  1. nngu007

    nngu007 JF-Expert Member

    Mar 20, 2011
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    Continental Nickel Reports a Major Increase in Mineral Resources, Including the First Mineral Resource Estimate for the Sleeping Giant Nickel-Copper Sulphide Deposit in Tanzania Friday, 18 March 2011 13:25
    Continental Nickel Limited (TSX VENTURE:CNI) reported that Measured and Indicated Mineral Resources at Ntaka Hill, using a US$17/tonne Net Smelter Return cut-off, have increased to 4,981,000 tonnes grading 1.22% nickel and 0.24% copper, with additional Inferred Mineral Resources totalling 1,860,000 tonnes grading 0.68% nickel and 0.15% copper.
    At the new Sleeping Giant discovery, Inferred Mineral Resources calculated at a US$17/tonne NSR cut-off total 15,400,000 tonnes grading 0.77% nickel and 0.17% copper. At a US$80/tonne NSR cut-off, Measured and Indicated Mineral Resources total 3,683,000 tonnes grading 1.52% nickel and 0.28% copper and Inferred Mineral Resources, dominated by the Sleeping Giant deposit, total 10,900,000 tonnes grading 0.98% nickel and 0.22% copper.
    The NI 43-101 Mineral Resource estimate was completed by Roscoe Postle Associates Inc. ("RPA") of Toronto, Ontario and incorporates additional drilling completed, after the 2009 Mineral Resource estimate (Press Release July 15, 2009), on seven separate sulphide deposits, including the new Sleeping Giant deposit discovered in 2010. The estimate is based on data obtained from 230 diamond drill holes totalling 35,361 metres completed to explore for and delineate the various sulphide zones at nominal 25 to 100 metre drill section spacing.
    Craig MacDougall, President & CEO of Continental Nickel Limited, commented "this is an outstanding achievement by the exploration team which has not only significantly upgraded the Mineral Resources at Ntaka Hill, but has also advanced the new Sleeping Giant deposit from discovery to an inferred Mineral Resource in just 6 months. This new discovery, which has demonstrated drill intersections of significant grade over width, including locally high grade intercepts, as well as potentially high nickel recoveries, remains open in all directions and has the potential to develop into a major new nickel sulphide deposit. These results continue to justify our ongoing commitment to exploration. Further "step out" drilling to define the extent of the Sleeping Giant deposit will be a primary objective in 2011, along with the commencement of a scoping study. The project's location, within 200kms of a deep water port in a mining friendly jurisdiction such as Tanzania, is an important positive factor in future economic and feasibility studies."

    VUVUZELA JF-Expert Member

    Mar 20, 2011
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    watakuja wachimbaji investors uchwara, watapewa tax exemption, na serikali itapatiwa only less than 3% ya faida....yale yale ya migodi ya dhahabu!!
  3. n

    niweze JF-Expert Member

    Mar 20, 2011
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    Thanks Soldier for the inform. Its just incredible to follow Kikwete economic policies. Sometime I wonder why or how ccm is run or we are just led by bunch of uneducated people all over Tanzania. There are several issues going on in Tanzania and one of them is Tanzanians are real uniformed and ccm capitalize on this. If today we ask how many people know that Tanzania has this natural resource called Sulphide or uranium deposit? And how many of them know that Serikali is selling these oversea? Its amazing all these natural resources are sold without Tanzanians approval and more than that they are sold without Kikwete reporting the revenues or expendictures. CCM looks more and more similar to Mugabe or Gadaffi, one party or one leader.

    My advice for Chadema and Wananchi, lets get involve to seek and fight for true values of our resources and profit generated from it. I will be grad if we create a website to publish all our weak leaks for the purpose of informing the people and claming our resources. Time to work up is now not tomorrow. If we depend on Makinda or Pinda or Rostam, we will be in real dark and chaos one day.
  4. nngu007

    nngu007 JF-Expert Member

    Mar 20, 2011
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    Zambia had only Copper...
    Tanzania; The nation has many natural resources including natural gas, gold, diamonds, coal, iron ore, uranium, nickel, chrome, tin, platinum, coltan and niobium. However, the Tanzanian economy depends heavily on agriculture, which provides 85% of exports, and employs 80% of the work force ...
    We have even Coltan the only Mineral used to make cell phones; they thought only can be found in Congo K but now in Kagera, Mwanza & Manyara Coltan can be found and it is the better grade.