TULAWAKA DRILL RESULTS:PANGEA GOLDFIELDS INC ("PGD-T")
- Continues To Expand High-Grade Mineralized Zone At Depth At
- Tulawaka Project
Deep intercepts include 25.84 grams/tonne gold over 14 metres
Pangea Goldfields Inc. released additional results from the
continuing drill program at the Tulawaka project in Tanzania. The results,
which include numerous high-grade intercepts such as 25.84 grams/tonne gold
over 14 metres and 17.71 grams/tonne gold over 15 metres, continue to
confirm an expanding high-grade system of gold mineralization at depth and
along strike. Pangea management believes these results will add
significantly to the overall resource which remains open at depth.
Based on these very encouraging results, Pangea will continue its
aggressive drill program utilizing one diamond drill rig and one high
capacity reverse circulation (RC) drill rig mobilized in October to
accelerate the program.
At the East Zone, the drilling to date has identified at least three
plunging ore shoots over a strike length of about one kilometre. In one
area, a stacked vein system has been identified with up to four veins of
two to five metres in thickness having been intersected in several holes.
In another area within the East Zone, the dip or angle of the main vein
system flattens from 50 degrees to 20 degrees below a vertical depth of 75
metres, which increases the potential resource that could be mined by open
pit.
Earlier in this program, systematic RC drilling of talus mineralization
on 12.5-metre centres had defined two high-grade mineralized areas. A total
of 137 holes outlined a mineralized area of 250 metres by 60 metres with an
average grade of 13.18 g/t gold over an average thickness of 3.0 metres. A
second mineralized area 350 by 40 metres was outlined with 77 holes with an
average grade of 10.46 g/t gold over an average thickness of 4.18 metres.
The mineralization in both areas remains open to the south.
The Tulawaka project is a 70/30 joint venture between Pangea Goldfields
Inc. and Explorations Minieres du Nord Ltee of Montreal, with Pangea acting
as the operator.
Pangea also has drilling underway in Tanzania at Golden Ridge, where
joint-venture partner Barrick Gold has contracted four rigs to complete a
20,000-meter diamond drill program, and at the Kakindu project located east
of Tulawaka. In addition, an initial RAB drill program has been completed
at the recently acquired, 100% owned Imwero project in the Geita camp and
results will be released shortly.
The recent drill results from Tulawaka are summarized on the following
table.
Access previous PANGEA press releases on our Website:
www.pangeagoldfields.com
//st
TULAWAKA DRILL RESULTS - EAST ZONE
Section Hole # Grade Gold Core Length From (m) To (m) Comments
g/t (m)
7455 TRC 324 Low Values
7220 TRC 338 5.19 3 127 130 More assays
pending
7175 TRC 323 25.93 7 105 112
TRC 337 7.32 3 83 86
TDD 7 17.41 1.25 127.5 128.75
TDD 9 Low values
7125 TRC 339 17.23 9 95 104
TRC 345 11.13 12 87 99
7075 TRC 331 31.54 7 106 113
TRC 340 17.76 7 80 87
7040 TRC 341 25.84 14 98 112
TRC 344 11.10 1 147 148
7025 TRC 332 6.28 2 31 33
6990 TDD 10 11.88 2.7 0.8 3.5 Diamond
twin of TRC 2
15.97 7.8 7.85 15.65
6890 TDD 8 Low Values
6860 TRC 330 6.60 13 16 29
6785 TRC 334 3.25 2 73 75
TRC 327 17.71 15 24 39
TRC 343 27.08 2 115 117
6740 TRC 325 10.22 4 62 66 Stacked veins
12.88 4 94 98
TRC 326 2.24 2 40 42
TRC 336 42.40 1 57 58 Stacked veins
More assays
pending
4.65 2 89 91
4.03 5 108 113
1.85 3 139 142
6705 TRC 342 5.05 1 39 40 More assays
pending
6680 TRC 333 1.80 8 56 64
6650 TRC 329 5.15 2 88 90
TRC 328 2.43 2 32 34
//et
TEL: (416) 350-3781 x227 Pangea Goldfields Inc.
Jean-Charles Potvin, President
TEL: (416) 350-3781 x225 Pangea Goldfields Inc.
Claude Britt, VP Exploration
TEL: (416) 350-3781 x230 Pangea Goldfields Inc.
FAX: (416) 350-3782 Bill Cavalluzzo, Manager
Investor Relations
EMAIL: bcavalluzzo@pangeagoldfields.com
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