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Gold/Mining/Energy : Tan Range -- Ignore unavailable to you. Want to Upgrade?

To: jim who wrote (83)	5/5/1999 4:24:00 PM
From: BLZBub	Read Replies (1) \| Respond to of 122

Tan Range Exploration Corporation - drilling underway at Geita East VANCOUVER, April 27 /CNW/ - Tan Range Exploration Corporation Alberta Stock Exchange Symbol: TNX Tan Range Exploration Corporation is pleased to announce that a Rotary Air Blast (''RAB'') drilling program is underway at the Geita East property in the Lake Victoria goldfields of Tanzania. The current phase of exploration work is being funded by Ashanti Goldfields Company Limited under terms of a joint venture agreement which allows Ashanti to earn an undivided 60% interest in the property through staged exploration expenditures and completion of a bankable feasibility study by December 31, 2002. The Geita East property is adjacent to Ashanti's Geita Mine property which hosts 3.4 million ounces of gold. Ashanti's on-site geologists have also commenced the process of integrating the Tan Range Geita East property technical information into the Ashanti database. All data; magnetic surveys, geological mapping, geochemical surveys, and aerial photos will be merged at the same scale to form a composite map of the area. This will simplify the evaluation process for the property. The current RAB drilling program will consist of 135 RAB holes representing a total of approximately 4,000 meters. In addition to the RAB drilling, sampling of 50 pits will be completed later this month and a conventional geochemical program will be carried out on the northwest corner of the licence. Tan Range is a gold company which holds a large portfolio of exploration licences in the Lake Victoria region of Tanzania. This region of Africa has attracted the world's major gold producers with the discovery of several multi-million ounce deposits. Due to its early involvement in gold exploration in Tanzania, Tan Range now controls some of the region's key exploration licences. Tan Range regularly updates its internet website www.tanrange.com and has posted a schematic diagram showing RAB drilling results from its principal property, Itetemia - Golden Horseshoe Reef. TAN RANGE EXPLORATION CORPORATION ''Marek Kreczmer'' ________________________________ MAREK J. KRECZMER, M.Sc., P.Eng. President and Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. -30- For further information: Investor Relations at 1-800-811-3855, www.tanrange.com