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NYAKAFURU JV

Au
1,369.34
USD/oz
-0.01
red
http://www.infomine.com/investment/metal-prices/gold/
Data as of May 22, 2013 11:09PM UTC


Key Facts
Status: Advanced Exploration
Type of Work: Surface
Location: Tanzania
                 55 km South of BUCKREEF MINE

Commodities: Gold
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Latest Information
August 16, 2012
Resolute Mining Ltd. announced new reserve and/or resource estimates for June 30, 2012.
December 31, 2008
At Nyakafuru Reefs South prospect, assays for reverse circulation drill holes NPR385-391 drilled in order to test soil geochemistry and resistivity / chargeability anomalies to the south of Nyakafuru Reefs returned best intercepts of 5m at 14.78g/t Au from 80m (NPR0387 – includes 1m at 69.3g/t Au from 80m) and 3m at 1.35g/t Au from 51m (NPR0388). The best intercept is located ~1km along strike to the south of Reef 2W. At Nyakafuru North-West prospect, results for six reverse circulation drill holes drilled in order to test a >20ppb Au soil anomaly (100m x 300m) and coincident resistivity/chargeability highs included 20m at 0.52g/t Au from 21m (NPR392 – including 2m at 3.44g/t Au from 30m), 1m at 3.47g/t Au from 57m (NPR393), 11m @ 0.75g/t Au from 55m (NPR394) and 2m at 1.63g/t Au from 5m (NPR395). Mineralisation is associated with sheared sericite altered schist. Assays for 1km x 1km soil samples collected over Kanegele, Kanegele East, Mega and Ngogwa have now been received. Results highlight strong anomalism over Kanegele Hill with patchy anomalism in a NE trend towards Mega, a possible NW mineralised trend from Redgate to Ngogwa, and broad low-level anomalism across the entire Mega tenement.
September 30, 2008
On the Mkweni block the results for 203 soil samples collected over the Golden Hoe prospect have outlined two >10ppb Au anomalies measuring 200 metres x 50 metres and 500 metres x 100 metres. Both anomalies are associated with artisanal workings and a follow up gradient array IP surveying and drilling is warranted.
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