Tan Range receives $1.0 million from Barrick and drilling to commence in mid-January, 2000
VANCOUVER, Dec. 13 /CNW/ - Tan Range Exploration Corporation
Canadian Venture Exchange Symbol: TNX
Tan Range Exploration Corporation is pleased to announce that in
accordance with a joint venture with Barrick Gold Corporation, Barrick has
subscribed for 1,428,571 shares of Tan Range at $0.70 per share and funds for
this transaction have been received by Tan Range. Diamond drilling at the
Itetemia property in Tanzania is scheduled to commence in mid-January, 2000.
New drilling development at Itetemia
Barrick has advised Tan Range that it is recommending the focus of the
initial drilling program at the Itetemia property be at the west property
boundary. Tan Range had drilled some shallow diamond drill holes in this area
in 1996 which encountered anomalous gold values in the same stratigraphy as
the ''1'' and ''2'' reefs at Bulyanhulu. The company's website
(www.tanrange.com) has a location map showing the general area of the proposed
drilling.
Tan Range common shares have recently traded in the $0.30 to $0.50 range.
TAN RANGE EXPLORATION CORPORATION
''Marek Kreczmer''
________________________________________
MAREK J. KRECZMER, M.Sc., P.Eng., P.Geo.
President and Chief Executive Officer
The Canadian Venture Exchange has neither approved nor disapproved of the
information contained herein
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For further information: Investor Relations 1-800-811-3855, website:
www.tanrange.com
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