Exploration UpdateMon Jun 19, 2006
Drill Performance Exemplary at Itetemia and Nyanzaga Projects
--------------------------------------------------------------------------------
Diamond drill hole GHDD-031 at the company's Itetemia Gold Project reached a depth of 320 metres before a minor breakdown halted drilling. Downtime for repairs is expected to be minimal.
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.
Since June 15th, 220 metres of RC drilling and 607 metres of RAB drilling have been completed on the company's Nyanzaga North Project Area which is situated proximal to the highly prospective Nyanzaga-Kitongo-Luhala Corridor.
A major west-northwest trending shear is located towards the northern part of the Nyanzaga project area. Mineralization appears to be associated with this shear and within a granodiorite host.