Business
Drilling Contract
Drilling Contract.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n Tanzania Gold PLC\n02 November 2006\n\n\n Tanzania Gold plc\n ('Tanzania Gold')\n\n Tanzania Gold signs drilling contract for its Mkurumu gold project\n\n • Drilling contract signed and expected to commence by mid November 2006\n • Results of the 1,000 metre drilling programme anticipated to be received\n in Q1 2007\n\nTanzania Gold plc (AIM: TZG) the AIM listed gold exploration and development\ncompany, is pleased to announce that its wholly owned subsidiary Anglo Tanzania\nGold Limited has appointed Stanley Mining Services (T) Limited to conduct a\n1,000 metre drilling programme on the Mkurumu joint venture project. The drill\nrig is on route to the Mkurumu site and is expected to commence drilling by mid\nNovember with the drilling programme scheduled to continue until the year end.\nThe directors of Tanzania Gold expect the preliminary results to begin to be\nreceived in the first quarter of 2007.\n\nClive Sinclair-Poulton, Chief Executive of Tanzania Gold, said:\n\n'We are delighted with the progress we have made in such a short period. We have\nmanaged to secure a cost effective drilling contract for the Mkurumu project\ndespite a well documented global shortage of rigs and look forward to being able\nto update our shareholders as soon as possible on the results of this initial\ndrilling programme.'\n\nNotes for editors:\n\nTanzania Gold plc (www.tanzgold.com) is focused on the discovery and\nexploitation of gold projects and assets in Tanzania which is the third largest\nproducer of gold in Africa and is increasing its production on an annual basis.\n\nThe majority of gold production is centred around the west of the country,\nwhereas Tanzania Gold is concentrating its efforts in the under explored east,\nan area of great potential.\n\nTanzania has been independent since 1964 and is in the enviable position of\nhaving consistent political stability, holding regular democratic multi-party\nelections. Western style mining laws, combined with good infrastructure, skill\nlevels and a supportive government have attracted a number of world class mining\ncompanies.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2313,"tagName":"div"}]