Exploration UpdateTue Jun 6, 2006
First Diamond Drill Hole Completed at Itetemia Project
The first in a series of diamond drill holes has been completed by Tanzanian Royalty drill crews on the Company's Itetemia Gold Project which adjoins Barrick's Bulyanhulu gold mine. Diamond drill hole GHDD-029 was terminated at 225.50 metres after encountering the mineralized horizon as expected from 193.50 to 218.62 metres
The Itetemia property hosts numerous discrete gold occurrences, including the Golden Horseshoe Reef which has been traced by diamond drilling to a vertical depth of approximately 440 metres. The gold mineralization occurs primarily within two discrete gold zones, the South and North zones.