17th Nov 2006 11:00
Tanzania Gold PLC17 November 2006 17 November 2006 Tanzania Gold Plc ("Tanzania Gold") Commencement of Drilling at Mkurumu Project Tanzania Gold plc (TZG.L), the AIM listed exploration and development companywith projects in highly prospective Tanzania, is pleased to announce continuingprogress since its admission to AIM in September 2006. Stanley Mining Services has now commenced drilling with a CS1000 diamond drillrig at the Mkurumu Project. The programme, which is expected to continue untilthe year end, will include at least ten holes of between 1000m to 1100m on fivedrill profiles to test for mineralisation, stratigraphy and structure. Clive Sinclair-Poulton, Chief Executive of Tanzania Gold, said: "We aredelighted with this progress which puts us ahead of schedule and closer tobeing able to release results on this project" Notes for editors: Tanzania Gold plc (www.tanzgold.com) is focused on the discovery andexploitation of gold projects and assets in Tanzania which is the third largestproducer of gold in Africa and is increasing its production on an annual basis. The majority of gold production is centered around the west of the country,whereas Tanzania Gold is concentrating its efforts in the under explored east,an area of great potential. Tanzania has been independent since 1964 and is in the enviable position ofhaving consistent political stability, holding regular democratic multi-partyelections. Western style mining laws, combined with good infrastructure, skill levels and a supportive government have attracted a number of world class miningcompanies. Enquiries: Clive Sinclair-PoultonChief ExecutiveTanzania Gold plcTel: +353 (0) 21 439 9136Fax: +353 (0) 21 421 2810Email: [email protected] James HarrisStrand Partners LimitedTel: (020) 7409 3494 Peter KrensMirabaud SecuritiesTel: (020) 7321 2508 Gary MiddletonSt Swithins PR LtdTel: (020) 7929 4391Mob: 07951 603 289Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bezant Res