| There were two notable colonial producers in the region, the Sekenke
Gold Mine and the Kirondatal Gold Mine. Both of these former mines
are excluded from the package but the licenses of the new joint venture,
cover all the strike extensions of both mines including the ground
situated between the two former mines.The former Sekenke Gold Mine
was the largest single producer of gold in the pre-war period of the late
1930s inTanzania with development extended down to the 7th level
(200m below surface). Records show that about 260,000 tons of ore was
milled returning about 140,000oz (3,969kg) of gold.The Kirondatal Gold
Mine operated between 1934 and 1950 and produced approximately
7,267oz of gold with an average ore grade of 9g/t (Memoir No.1 - Summary of the Geology of Tanganyika Part iv: Economic Geology, J. F.
Harris, 1981, page 69). In addition, another license in the package abuts
and covers the strike extension to the Kinyangiri Gold discovery drilled
by Barrick and returning up to 2.5g/t gold over 14 metres.The Company
believes this gold camp is under explored and has identified a number of
geochemical and geophysical targets of considerable merit and size,
particularly in relation to the former gold mines. Over the past few years,
a number of former mining camps in Tanzania have been re-explored and
significant resources have been discovered proximal to the former
colonial high grade mines.The most notable of these is the Anglo-Ashanti
Geita Gold Mine reported (December 2005) to have |
