13th Jan 2009 09:30
13 January 2009
OBTALA RESOURCES PLC ("Obtala" or the "Company")
Grant of New Gold Licence in Tanzania
The Board of Obtala Resources, the AIM quoted mineral exploration and development company is pleased to announce it has increased it's gold exploration licence area within the world renown Lake Victoria Goldfields by a further 39.97km2.
The licence, 100% owned by Mindex (BVI), a subsidiary of Obtala, is located 25km south of the multi-million ounce, Barrick owned Buzwagi Gold project in the Kahama district of Northern Tanzania.
Licence Details
|
Licence |
Holder |
Interest |
Status |
Surface Area |
Licence Expiry |
|
Kahama PL4789/2007 |
Mindex |
100% |
Prospecting |
39.97km2 |
20th October 2010 |
The Kahama licence is located 180km south of Mwanza, Tanzania's 3rd largest city situated on the shores of Lake Victoria and is in close proximity to tarmac roads, fresh water and electricity supplies.
Contact:
|
Simon Rollason - Managing Director Frank Scolaro - Chairman www.obtalaresources.co.uk |
+44 (0) 20 7099 1940 |
|
Obtala Resources plc |
|
|
|
|
|
Ray Zimmerman/Jonathan Evans |
+44 (0) 20 7060 1760 |
|
Zimmerman Adams International Ltd - Nominated Adviser and Broker |
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