Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
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1: Canaco and Douglas Lake Add Morogoro Gold Prospect to Tanzanian Portfolio!
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2006) - Canaco Resources Inc. (TSX VENTURE:CAN - News) and Douglas Lake Minerals Ltd (OTCBB
LKM - News) are pleased to announce Douglas Lake's completion of negotiations to acquire the 150 square kilometer Morogoro property located in the Kilosa District, in east-central Tanzania. The Morogoro property has been the subject of a series of recent surface, bedrock gold discoveries made by local prospectors within the last eighteen months.
http://biz.yahoo.com/ccn/060427/200604270324264001.html?.v=1
2:Tiomin Acquires New Mineral Sands Reconnaissance Exploration License in Tanzania
3:Tanzanian Royalty Confirms Indicator Minerals Likely Sourced From Diamondiferous Kimberlite
4:LAKOTA SIGNS OPTION/JOINT VENTURE AGREEMENT WITH SHANTA MINING CO. LTD ON TANZANIAN PROPERTY
Lakota Resources Inc. (TSXV-LAK) (the Company) wishes to announce the signing of an option/joint venture agreement with Shanta Mining Co. Ltd. (Shanta) for the exploration and/or development of its wholly-owned Ikungu license located east of Lake Victoria in Tanzania. Shanta is a Tanzanian exploration and mining company, 50% owned by Sable Gold (Mauritius) Ltd, who has experience in the mining of small to medium sized African gold deposits.
Source: Lakotaresources.ca
5:Tanzania-Midlands Minerals Corporation Granted A Three Year Prospecting License In The Shinyanga District.
TORONTO -- Kim Harris, Chief Executive Officer of Midlands Minerals Corporation (TSX VENTURE:MEX) ("Midlands" or the "Company") is pleased to announce that on May 2, 2005, the company was granted a Prospecting Licence (PL) for gold exploration in Tanzania. The PL is valid for a period of three years and is renewable thereafter for a further three...
Tanzania-Midlands Minerals Corporation Granted A Three Year Prospecting License In The Shinyanga District. | Goliath Business News
6:Tan Range Closes New Royalty Agreements with Northern Mining Explorations
7. African Eagle partners with MDN Northern Mining on Msasa gold project, Tanzania
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2006) - Canaco Resources Inc. (TSX VENTURE:CAN - News) and Douglas Lake Minerals Ltd (OTCBB
http://biz.yahoo.com/ccn/060427/200604270324264001.html?.v=1
2:Tiomin Acquires New Mineral Sands Reconnaissance Exploration License in Tanzania
Tiomin Acquires New Mineral Sands Reconnaissance Exploration License in Tanzania | SYS-CON MEDIATORONTO, ONTARIO -- (MARKET WIRE)
-- 05/02/06 --
Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) has acquired a new reconnaissance exploration license for mineral sands covering approximately 1,218 km2 and extending approximately 90 km along the coastline of Tanzania.
The favourable geological environment is known to host ilmenite, rutile and zircon, all heavy minerals (HM). Historical exploration work was based on widely-spaced surface sampling and auger drilling to identify the presence of potentially economic concentrations of heavy minerals.
The newly acquired license hosts two principal zones of known mineralization (Tajiri and Pangani prospects) each extending over more than 20 km respectively, varying in width from 200 m to 1,000 m and with values of up to 20% HM in places. Previous shallow air core drilling by Tanganyika Gold Ltd. from 1998 to 2000 on the Tajiri zone intersected high-grade mineralization: hole TGAC48 averaged 12.3% HM to a depth of 9 m and hole TGAC46 averaged 9.2% HM over 14 m.
The heavy mineral lenses encountered in the historical drill intersections of this area indicate that processes along the paleo-shorelines of Tanzania were capable of generating potentially economic concentrations of heavy minerals such as ilmenite, rutile and zircon.
The area also benefits from good transportation infrastructure, including the Port of Tanga. The targeted area is also within trucking distance to Tiomin's Kwale titanium mining project located in southern Kenya, enhancing its potential economic viability by sharing processing infrastructure.
The license was acquired under an option agreement with Karoo Exploration Services Company Limited of Dar es Salaam. Tiomin has agreed to pay Karoo US$1,000 upon completion of filing and issuance of the reconnaissance exploration license and make annual payments of US$2,000 until the Mineral Interest expires or is surrendered. Tiomin can acquire 100% interest in this exploration license upon the payment of US$20,000 at any time.
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of rutile, zircon, ilmenite, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of rutile, zircon and ilmenite, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.Contacts:Published May. 2, 2006
Tiomin Resources Inc.
Jean-Charles Potvin
President
(416) 350-3776, ext. 227
Tiomin Resources Inc.
Bruce Ramsden
Chief Financial Officer
(416) 350-3776, ext. 232
Tiomin Resources Inc.
Laurie Gaborit
Investor Relations
(416) 350-3776, ext. 222
Tiomin Resources Inc. - Home Page - Fri Mar 6, 2009
3:Tanzanian Royalty Confirms Indicator Minerals Likely Sourced From Diamondiferous Kimberlite
=> Tanzanian Royalty Confirms Indicator Minerals Likely Sourced From Diamondiferous Kimberlite <=Vancouver, Canada (ots/PRNewswire) - The Company is pleased to report that laboratory analysis has confirmed the presence of a range of kimberlite indicator minerals in drill hole samples from its Nyamigunga prospecting license (PL) in Tanzania.
The suite of indicator minerals identified by a scanning electron microscope (SEM) includes G10 garnets and chromites, all of which point to a diamondiferous kimberlite source.
"From an exploration perspective, knowledge of the composition and relative abundance of garnets and chromites in kimberlite - the primary source rock for diamonds throughout the world - allows assumptions to be made about the proximity and economic diamond potential of a kimberlite," noted the Company's president, John Deane.
The Nyamigunga PL is known to host five kimberlite bodies within an area of approximately two square kilometres. These carrot-shaped bodies are believed to have been intruded along a dominant north-south fault zone that provided a pathway to surface for diamonds and their genetically-related kimberlite indicator minerals.
Visual results from Mineral Services in South Africa were received in March 2006 and subsequently reported in a news release on April 3rd. SEM analysis was initiated immediately thereafter to confirm the visual results.
Mantle-derived garnets and chromites are considered the most important kimberlite and diamond indicators. The pioneering work of Dawson and Stephens (1975), Gurney (1984) and Fipke (1989) formed the basis for using garnets as well as chromites as tools to focus exploration on areas that are prospective for diamonds.
The origin of diamond is more closely related to fragments of peridotite (a coarse grained plutonic rock) and eclogite (a granular rock composed primarily of garnet) which are derived from the Upper Mantle, the thick shell surrounding the earth's outer core. In order for diamonds to form, they require extremely high pressures and temperatures which are only found deep in the earth. It is here that eclogite forms consisting of red pyrope garnet and green clinopyroxene. Diamond crystals develop alongside the garnet and pyroxene crystals.
Because diamonds have a close affinity to specific fragments (eclogite, peridotite) and their respective source areas, they can be subdivided into ones that have a peridotitic origin (P-type) and others that have an eclogitic origin (E-type). Even though a diamond may be found as a single crystal within a kimberlite rock mass, inclusions or flaws within the diamond crystal can identify its origins.
The flaws or "inclusions" within diamonds often include associated minerals such as garnet, pyroxene, olivine, chromite, and sulphides such as pyrrhotite. The chemistry of the mineral inclusions can be compared with those present in the eclogite and peridotite fragments in order to determine their source. These inclusions also provide valuable information regarding the pressure and temperature under which the diamonds formed as well as their age.
The overall assessment of geochemical information relies on the recognition of those minerals that are co-genetic with diamonds and comparing their mineral geochemistry with those of diamond inclusions.
Two important garnet types are associated with diamondiferous pipes:
- G10 garnets: Ca-poor, Cr-diopside free, with elevated Cr2O3.
- Group 1 eclogitic garnets: characterised with elevated Na and Ti.
Potential chromites indicating a diamondiferous content for kimberlite have a chrome content between 60 and 70 wt % Cr2O3, with an average MgO concentration of between 8 and 16 wt% and a TiO2 content of less than 0.7 wt%. Discrimination plots are therefore used to define these geochemical boundaries and these plots are available on our website at: Tanzanian Royalty Exploration Corporation - Home Page - Fri Mar 6, 2009.
Analytical Results:
Poor ground conditions, including heavy water inflows, produced surface contamination in the drill holes which could explain some of the low indicator mineral grain counts in the K3, K4, K5 and K6 pipes. (Please refer to the Company's April 03, 2006 press release for details).
Nevertheless, kimberlite bodies within Tanzania often have variable indicator mineral chemistry without diminishing their economic potential.
"While much more work remains to be done, the progress we have made on the diamond exploration front in the past two years has been nothing short of phenomenal," said Jim Sinclair, the Company's Chairman and CEO.
"In the past year alone, we have drilled 11 kimberlites, six of which were brand new discoveries. I take great pride in saying that we are leading the charge that could one day see Tanzania reinstated as a major diamond producer," he added.
Analytical results from the K1 and K2 pipes, which provided statistically sound indicator mineral populations for analysis, are summarised below.
Pipe MU170K1
A total of 106 visually identified garnet grains were micro-probed and SEM results indicated that 12 are G10 garnets (approx 11%). A total of 45 visually identified chromite grains were micro-probed and SEM results indicate that all are kimberlitic chromites. A total of four grains (8.9%) have Cr2O3 above 60 wt% and hence plot within the diamond inclusion and intergrowth field.
The presence of G10 garnets and chromites that plot in the diamond inclusion and intergrowth field, supports the conclusion that this kimberlite sampled a potentially diamond bearing depleted harzburgite in the mantle on the way to the surface. Hence this kimberlite is highly ranked and warrants further follow up.
Pipe MU170K2
A total of 171 visually identified garnet grains were micro-probed with SEM results indicating that 22 are G10 garnets (approx 13%). A total of 52 visually identified chromite grains were micro-probed and SEM results indicated that all are kimberlitic chromites. A total of five grains have Cr2O3 wt% above 60 wt% and thus plot within the diamond inclusion and intergrowth field. Two of them have TiO2 less than 0.7wt% and plot within the diamond inclusion field.
The presence of G10 and DI chromites support the conclusion that this kimberlite sampled a potentially diamond bearing depleted harzburgite and eclogite in the mantle on the way to surface. As a result, this kimberlite is highly ranked and warrants further follow up.
Future Work:
Follow up work associated with these positive results is presently under way. The Company is currently extending the ground magnetic survey to the immediate south of these pipes to search for further kimberlites along the north-south fault zone.
A bulk sample of the kimberlites and gravels lying above the pipes is planned this year to confirm diamond concentration, quality and grade. "This will determine the future of this exciting prospect," said Deane
"Alluvial diamonds are the best indicator mineral for diamondiferous kimberlites," he added. "In fact, alluvial stones in gravels of the Orange and Vaal river systems led to the initial discovery of diamondiferous pipes in South Africa."
Qualified Person
The Company's Qualified Person is Mr. John Deane, the President of Tanzanian Royalty Exploration Corporation (News) Limited. He has a M.Sc. from the University of Cape Town (1993) and is a registered scientist with SACNASP (Reg. No.400005/05).
The Toronto Stock Exchange and American Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note to US Investors - The United States Securities and Exchange commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "measured", "indicated", and "inferred" "resources" that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0- 50634, which may be secured from us, or from the SEC's website at Filings & Forms.
ots Originaltext: Tanzanian Royalty Exploration Corporation Im Internet recherchierbar: Presseportal: Deutschlands umfassende Datenbank für Presseinformationen in Text, Bild und Ton - ein Service der dpa-Tochter news aktuell
Contact: For further information: please contact Investor Relations at +1-800-811-3855 or visit our website: Tanzanian Royalty Exploration Corporation - Home Page - Fri Mar 6, 2009
4:LAKOTA SIGNS OPTION/JOINT VENTURE AGREEMENT WITH SHANTA MINING CO. LTD ON TANZANIAN PROPERTY
Lakota Resources Inc. (TSXV-LAK) (the Company) wishes to announce the signing of an option/joint venture agreement with Shanta Mining Co. Ltd. (Shanta) for the exploration and/or development of its wholly-owned Ikungu license located east of Lake Victoria in Tanzania. Shanta is a Tanzanian exploration and mining company, 50% owned by Sable Gold (Mauritius) Ltd, who has experience in the mining of small to medium sized African gold deposits.
Source: Lakotaresources.ca
5:Tanzania-Midlands Minerals Corporation Granted A Three Year Prospecting License In The Shinyanga District.
TORONTO -- Kim Harris, Chief Executive Officer of Midlands Minerals Corporation (TSX VENTURE:MEX) ("Midlands" or the "Company") is pleased to announce that on May 2, 2005, the company was granted a Prospecting Licence (PL) for gold exploration in Tanzania. The PL is valid for a period of three years and is renewable thereafter for a further three...
Tanzania-Midlands Minerals Corporation Granted A Three Year Prospecting License In The Shinyanga District. | Goliath Business News
6:Tan Range Closes New Royalty Agreements with Northern Mining Explorations
Tan Range Closes New Royalty Agreements with Northern Mining ExplorationsVANCOUVER, Sept. 8 /PRNewswire-FirstCall/ - Tan Range Exploration
Corporation announces the closing of Royalty Agreements on three prospecting licenses in the Lake Victoria Goldfields of Tanzania with Northern Mining Explorations ("Explorations Minieres du Nord" or "MDN").
Under the three agreements, MDN will be entitled to earn 100% of Tan Range's underlying interest in licenses PL 1795/01, PL 1846/01 and PL 1757/01, each of which is subject to agreements with third parties. In total, the three licenses comprise an area of approximately 70 square kilometres.
Over the five year period of the option agreement, MDN is required to make staged cash payments to Tan Range, incur at least US $75,000 in exploration expenditures on each license in the first two years, and complete 13,200 metres of diamond drilling on a staged basis on each license over the entire life of the agreement.
Tan Range retains the right to escalating net smelter royalties in commercial production from each license. These royalties are tied to the price of gold and range from 0.5% below $US250 per ounce to a maximum of 2% at $US380 per ounce. In addition, a 2% Gross Overriding Royalty is applicable to all diamond production from each of the licenses.
This agreement represents an extension of the previously announced royalty agreements with Northern Mining covering eight prospecting licenses (696 square kilometers) in the Tulawaka area of Tanzania. Under the earlier agreements, Northern Mining acquired the right to earn 100% of Tan Range's underlying interest in the licenses for an up-front cash payment of $US70,000 plus $US1.6 million in option payments and $US1.5 million in property expenditures over five years. The first year of the agreement called for option payments of $US160,000 and an exploration and development commitment of $US200,000.
Northern Mining must also complete a feasibility study and make a production decision by Dec. 31, 2008 and achieve production within eighteen months or be subject to cash penalties in lieu of royalty payments.
Tan Range retains the right to escalating net smelter royalties in commercial production that are tied to the price of gold and range from 0.5% below $US250 per ounce to a maximum of 2% at $US380 per ounce.
Commenting on the latest agreement, Tan Range Chairman, James E. Sinclair said he was "delighted to see the Company's relationship with Northern Mining grow to encompass new royalty agreements in the Lake Victoria Greenstone belt."
"Our experience with MDN in the Tulawaka area of Tanzania has shown the company to be an outstanding operator and I have the utmost respect for its CEO, Carlos Bertoni and his exploration team."
Mr. Sinclair noted that "given the inventory of mineral licenses currently under evaluation by Tan Range, we will likely see more royalty transactions in the future along with an increase in option payments to the Company and of course exploration expenditures on our properties."
Tan Range presently holds 90 prospecting licenses in Tanzania and is negotiating and applying for additional properties. At the present time, the Company's mineral licenses comprise an area of approximately 5,786 square kilometers.
Applications have been approved for 11 new gold and diamond licenses, representing a further 1,010 square kilometers. In addition, the Company's applications for seven nickel properties were recently accepted and constitute an area of approximately 5,360 square kilometers.
The total area covered by these recently filed applications for gold, diamonds and nickel is around 6,370 square kilometers. In total, the Company's landholdings in Tanzania -- assuming all new applications are granted -- would grow to some 12,156 square kilometers. No guarantee can be made that all these applications will be acted upon favorably, however.
Mr. Sinclair said, "I firmly believe that our shareholders want us to take the risk and be totally committed in our endeavor to build a significant mineral royalty company. I honestly feel that no other company in Tanzania could duplicate our success in acquiring such a high quality land portfolio.
For this reason, management has taken the decision to accelerate exploration on the properties that suit our best interests."
On behalf of the Board of Directors
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
For further information, please contact Investor Relations at 1-800-811-3855
Visit the Tan Range website: http://www.tanrange.com
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "measured", "indicated", and "inferred" "resources" that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-50634, which may be secured from us, or from the SEC's website at Filings & Forms
7. African Eagle partners with MDN Northern Mining on Msasa gold project, Tanzania
Business finance news - currency market news - online UK currency markets - financial news - Interactive InvestorAfrican Eagle Resources PLC said it has signed an option agreement with MDN Northern Mining over the Msasa Gold Project in Tanzania. Under the option, MDN will invest an inital 200,000 usd in exploration, and subject to successful results, can then earn a 51 pct interest in the project by investing a further 1.7 mln usd by January 2010.
African Eagle said MDN can raise its interest to 65 pct by financing a feasibility study with respect to the property.