VANCOUVER, April 8 /CNW/ - Tanzania Minerals Corp. (the "Company"),
(TSX-V:TZM) (FRANKFURT: TM0.F) is pleased to announce updates from the
Company's Mrangi, Katario (Mrangi East) and Kibara (Mrangi South)
African gold projects in northern Tanzania.
Four holes have been completed on the Mrangi Project (DDH01 to DDH04),
with the last hole drilled to test a mineralized trench which contained
2.97 g/t Au, and the down drip extension of artisanal workings.
Further holes will be drilled with southeast azimuths in a northwestern
advancing fence of drill holes to allow for quick geologic correlation
between holes. Varying amounts of sulphides (typically pyrite,
pyrrhotite and chalcopyrite) are present in all of the drill holes and
are generally related to igneous and metamorphic process. Several
mineralized quartz veins were also encountered. Once the on-site
geologists have finished logging the diamond drillcore it will
be processed and sent to the SGS laboratory in Mwanza for assaying.
The primary purpose of these holes is to get a better understanding of
the underlying greenstone belt on the Mrangi licence. The Company is
pleased that the rocks encountered in the first four holes are typical
of the Musoma-Mara Greenstone Belt and correlate well with ground
The handheld XRF unit (as reported in the Company's March 21stth, 2011 press release) will be on site within the next few weeks to aid
with lithology identification in the core and to start a detailed
soil geochemistry programme to further delineate the Phoenix Mine vein
swarm. The satellite structural study is ongoing, and should be
"I am pleased to see continued results typical of the Musoma-Mara
Greenstone Belt, which produced the historic Phoenix Mine, and
Barrick's 3.5M oz North Mara Mine." said Kal Matharu, President and
Chief Executive Officer of Tanzania Minerals Corp.
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the Company by Jim
Walchuck, P.Eng., a qualified person and a Director of Tanzania
Additional information on Tanzania Minerals Corp., including technical
reports and other public documents are available on SEDAR at www.sedar.com or on the Company's website at www.tanzaniaco.com.
Tanzania Minerals Corp. is an emerging junior exploration company
trading on the TSX Venture Exchange. The company has an extensive
portfolio of projects in Tanzania.
On behalf of the Board of Directors of Tanzania Minerals Corp.
Kal Matharu, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified as,
"forward looking statements". Forward looking statements may be
identified by words including "anticipates", "believes", "intends",
"estimates", "expects" and similar expressions. The Company cautions
readers that forward looking statements, including without limitation
those relating to the Company's future operations and business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in the
forward looking statements.
SOURCE Tanzania Minerals Corp
For further information:
President & CEO