Drilling 15 km from the Tulawaka gold mine discovered a new high-grade gold zone. Best intersections from the area of approximately 0.4 km by 0.3 km include 7.63 g/t Au over 3 m including 22.45 g/t over 2 m, 13.34 g/t Au over 4 m, and 7.27 g/t Au over 9 m. The area was tested initially by four drill fences comprising 23 drill holes for a total of 1,475 metres. A follow-up drilling program is now being arranged to further investigate the gold mineralization that has just been found and to probe two additional targets in other nearby prospecting licences.
October 18, 2005
Drilling 15 km from the Tulawaka gold mine discovered a new high-grade gold zone. Best intersections from the area of approximately 0.4 km by 0.3 km include 7.63 g/t Au over 3 m including 22.45 g/t over 2 m, 13.34 g/t Au over 4 m, and 7.27 g/t Au over 9 m. The area was tested initially by four drill fences comprising 23 drill holes for a total of 1,475 metres. A follow-up drilling program is now being arranged to further investigate the gold mineralization that has just been found and to probe two additional targets in other nearby prospecting licences.
January 25, 2005
The construction schedule has been deferred by six weeks as the result of customs clearance delays at the port of Dar-es-Salaam and delays in the delivery of structural steel. The project has advanced without any environmental incidents, and with approximately 2,175,000 man-hours worked no lost-time accident has occurred. Approximately 25,000 tonnes of ore had been stockpiled ready for treatment at year end. Project costs incurred to the end of December are US$ 44.86 million and the project manager reports that the project is expected to be completed within the original scope and budget. Commercial gold production is planned for the first quarter of 2005.
Advanced or Above