VANCOUVER, Aug. 13, 2013 /CNW/ - Tanzania Minerals Corp. (the
"Company"), (TSX-V: TZM) (FRANKFURT: TM0.F) is pleased to provide a
summary of exploration activities on their extensive property portfolio
in Tanzania.
Statement from the CEO
Kal Matharu, CEO of Tanzania Minerals Corp. said, "We have been
conducting field work over the majority of our exploration portfolio
and, encouraged by preliminary field results at the Nyamwaga project,
we intend to commence a 3D induced polarization (IP) study to better
delineate the outlined target structure at depth. Shallow soil
sampling at Siga, within the Siga-Mabale Greenstone Belt, appears to
have identified a broad copper anomaly that we hope exhibits coincident
gold mineralization; the results of this survey are pending. Other
licences within our portfolio appear promising and additional work is
required to develop them further."
In 2013, the Company has conducted field exploration on eight of its
gold licences. This work mainly consists of interpretation of airborne
geophysics, geological mapping, lithogeochemistry and shallow soil
geochemistry.
Mrangi
Situated in the Musoma-Mara Greenstone Belt, the 10.47 km2 a drill programme at the Mrangi property was carried out in 2011.
Drilling highlights included long intercepts of weak copper
mineralization (43 m @ 0.14 % Cu) within rhyolitic tuffs and also
elevated gold concentrations (7 m @ 0.53 g/t Au) present at the contact
between a felsic tuff package and mafic tuffs and lavas. Results of the
deep overburden soil sampling programme, conducted over a 1.4 km long
zone adjacent to elevated gold drilled intercepts, were obtained in
April 2013 from the assay lab. Results were disappointing with the
highest gold assay being only 120 ppb, and no clear trends identified
from the 129 samples analysed. It appears that the thickness of the
organic-rich soil (mbuga) in the area has profoundly affected the assay
results, and rotary air blast (RAB) drilling is being considered to
test this zone.
Nyamwaga
This licence is located 5 km along strike from Africa Barrick Gold's
Gokona and Nyabigena pits in the Mara District, both of which are
concealed beneath thin flows of recent lava. Extensive shallow soil
sampling, including multi-element XRF analyses (1,637 samples) and gold
assays (508 samples), in addition to 68 shallow test pits have
identified three anomalous gold-rich zones, with gold concentrations up
to 473 ppb. The strongest gold anomaly is coincident with an
interpreted magnetic lineament (deduced from high resolution airborne
geophysics) along the same trend as the Gokona and Nyabigena pits.
Analysis of the soil geochemistry and high-resolution airborne
geophysics data has identified a 600 m wide and 2,000 m long
northwest-trending structure that is the focus of ongoing exploration
at Nyamwaga. The company has decided to perform a 3D induced
polarization (IP) survey to test for conductors similar to
mineralization currently being mined at Gogoma and Kibanda pits.
Tabora
The Tabora licence covers an area of 163.18 km2 and is underlain by late stage granites cut by mafic and alkali dykes.
In April, reconnaissance mapping and shallow soil geochemistry (XRF)
programmes were performed over targets identified from geophysical
interpretation. The results were not encouraging and this licence will
be relinquished.
Misungwi
The Misungwi licence covers an area of 25.38 km2 and is underlain by Archean mafic volcanic rocks of the Lake Nyanza
subterrane. The licence is a dual gold-diamond target being located
within the Mabuki Kimberlite Province, adjacent to the Shinyanga/Mwadui
kimberlite province which hosts the Williamson (or Mwadui) diamond
mine. Exploration carried out in April 2013 was restricted to
geological mapping and XRF analysis of shallow soil samples. A total
of 297 samples were collected from a grid with a 400 m line and 200 m
sample spacing. Laterally extensive weak copper, lead and zinc
anomalies were identified which mimicked the outlines of flood plains
of the rivers in the area. Since these samples followed the course of
the rivers and were not coincident with structures identified with
geophysical features, it was decided not to submit the samples for gold
analysis. Subsequent work planned for the licence will investigate the
diamond potential by employing heavy mineral separation from pit-dug
samples.
Fort Ikoma
Reconnaissance mapping, lithogeochemistry sampling (48 samples) and XRF
multi-element shallow soil sampling (50 samples) was carried out on the
Fort Ikoma licence in March 2012. Results in this poorly exposed area
were encouraging, and it was recommended that a licence-wide shallow
soil programme be undertaken, with a higher density grid covering the
Mugara prospect. The Mugara prospect is a historic gold occurrence,
previously mined by artisanal miners, and appears from airborne
geophysics and mapping to be at the contact of a hydrothermally altered
mafic tuff and late granite. Field activities remain suspended on the
licence until government permits are issued allowing work to be
carried-out in the Ikorongo Game Reserve.
Siga
The Siga licence covers an area of approximately 51 km2 and is underlain by the Archean Siga Mabale Greenstone Belt and
associated granites. Much of the licence is covered by alluvial
deposits associated with Lake Nyanza, which obscures the surface
geology. The licence is located approximately 5 km south of the
colonial-period BIF-hosted Jubilee Reef or 'Augusta Victoria' gold
mine. Gold mineralization at the Jubilee Reef is recorded as being
associated by shear-zone hosted quartz veins, and recent mineralization
reported by Currie Rose Resources Inc. (TSXV: CUI) at Masabi Hill
includes 88 m @ 1.8 g/t Au from 114 m associated with a granitic
intrusion. Masabi Hill is located 6 km NW of the Siga property. Masabi-
and Jubilee Reef- style mineralization was investigated in July 2013
through a shallow soil geochemistry survey, which recorded 1,642
analyses through the use of portable XRF equipment. An initial grid of
400 m wide lines and 250 m sample spacing was employed that identified
five areas containing anomalous concentrations of base metals (Cu, Pb
and Zn). Follow-up detailed grids (100 x 100 m) sampled over the
anomalous areas and statistical analysis resulted in the selection of
185 samples for gold assaying from two of the areas. The two areas are
2 km x 1.5 km and 1 km x 1 km, with the larger area present at the
contact of a late granitic intrusion and mafic volcanic rocks. Gold
assay results are pending.
Haidom
The Haidom licence covers an area of 30.6 km2 and is located on the eastern part of the Iramba Greenstone Belt.
Lithologies which underlie the licence include Archean metasediments
(micaeous phyllite), which have been intruded by synorogenic granite
and diabase dykes. Geophysical interpretation and geological
compilation was performed prior to the start of the field programme in
May. Geological mapping, lithogeochemical sampling, extensive XRF soil
geochemistry (1,095 samples) and follow-up gold soil geochemistry were
all conducted. The XRF soil geochemistry identified two areas
containing coincident copper, zinc and iron anomalies. A total of 155
soils samples from three areas were assayed for gold, with a maximum
concentration of 11 ppb recorded. A total of 4 samples exceed the 90th percentile with gold concentrations greater than 70 ppb. These samples
were collected from outcrops where the metasediments were cut by quartz
veins. Limited trenching over the elevated rock outcrops is
recommended.
Kiagata
Located within the Musoma-Mara Greenstone Belt, the 44 km2 Kiagata property is located approximately 5 km to the north of the
past-producing Buhemba mine (~ 0.7 Moz Au). High-resolution airborne
geophysics flown by the company in 2011 identified several exploration
targets on the licence, based on faults and splay structures cutting
the underlying granite and possible volcanic units. A wide spaced 200
m by 200 m shallow soil XRF sampling programme is currently being
undertaken. Any base metal anomalies located during this initial phase
of the survey will become the focus of a tighter (50 x 50 m) grid and
gold soil samples will be sent to the lab for assaying.
Additional information on Tanzania Minerals Corp., including technical
reports and other public documents are available on SEDAR at www.sedar.com or on the Company's website at www.tanzaniaco.com.
Tanzania Minerals Corp. is an emerging junior exploration company
trading on the TSX Venture Exchange. The company has an extensive
portfolio of projects in Tanzania.
On behalf of the Board of Directors of Tanzania Minerals Corp.
"Kal Matharu" Kal Matharu, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified as,
"forward looking statements". Forward looking statements may be
identified by words including "anticipates", "believes", "intends",
"estimates", "expects" and similar expressions. The Company cautions
readers that forward looking statements, including without limitation
those relating to the Company's future operations and business
prospects are subject to certain risks and uncertainties that could
cause actual results to differ materially from those indicated in the
forward looking statements.
Image with caption: "Simplified geology map the location of the properties discussed in the text (CNW Group/Tanzania Minerals Corp)". Image available at: http://photos.newswire.ca/images/download/20130813_C5541_PHOTO_EN_29795.jpg
SOURCE: Tanzania Minerals Corp