| The Jubilee Reef project is the most advanced project and consists
of 2 licenses and 1 application covering 101.39km². Jubilee is
located 125km southwest of Mwanza, and 40km south of the
16.4 Million ounce (Moz) Bulyanhulu Gold mine. The Colonial
'AugustaVictoria' Gold mine and several very promising prospects
define the known gold mineralisation in the project area.
Eight significant gold in soil anomalies have been generated and
drilled and positive results were returned from prospects known as
"Panapendaza", "Shangaza" and "Masabi Hill". Reverse circulation
(RC), Rotary air blast (RAB) and aircore drilling at Panapendaza
returned a number of significant intersections as tabled below.All 3
prospects appear to share a similar strike (65º) and may form part
of the same mineralized system. All the prospects remain open
along strike and to depth. |
