The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 20th October 2005 (3460 views)

The Tan Range Exploration Corporation has announced that it has discovered large quantities of gold in a project in Tanzania.

The discovery occurred nearly 15 kilometres from the Tulawaka Gold Mine. It was tested by four drill fences that dug a total of 23 holes.

Total depth reached 1.47 kilometres, and the holes were dug at a 60 degree angle.

Chairman and chief executive officer of Tan Range, James Sinclair, believes the discovery validates the region's potential.

He said: "Our strategy is to secure royalty agreements with skilled and innovative explorers who have the technical wherewithal to develop the full potential of our holdings."

A follow up drilling program is being started to further examine the area for the potential of more gold resources.

 

« Back to Gold News stories