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Manica Gold Project, Mozambique - Drilling Update
Manica Gold Project, Mozambique - Drilling Update.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \nRegulatory Announcement \n \n \nCompany Pan African Resources plc\n \nTIDM PAF \n \nHeadline Drilling Update \n \nReleased 30 January 2008 \n \n\n \n\n Date: 30 January2008 \n\n \n\n Pan African Resources PLC \n\n (\"Pan African\" or the \"Company\") \n\n(Incorporated and registered in England and Wales under Companies Act 1985 with\n registered number 3937466 on 25 February 2000) \n\n Share code on AIM: PAF \n\n Share code on JSE: PAN \n\n ISIN: GB0004300496 \n\n \n\n Manica Gold Project, Mozambique - Drilling Update \n\n \n\nPan African Resources PLC (AIM: PAF, AltX: PAN), the mid-tier gold mining and\nexploration company, is pleased to report further results from the ongoing\ndrilling programme at the Manica gold project in Mozambique.\n\n \n\nHighlights\n\n \n\n * High grade gold intersections confirm mineralisation to depth\n * Extension of strike in the mineralised zone to over 800m\n * Pre-feasibility study on schedule for completion by end of Q1 2008\n\n \n\nOn 19 November 2007 the Company reported the results for 16 boreholes\nrepresenting 2,191m of drilling. At the time the Company was awaiting the assay\nresults of another 16 boreholes representing 1,762.54m. Assay results for 14 of\nthese have now been received, all of which are from the Fair Bride prospect\nwhere the company is completing a pre-feasibility study.\n\n \n\nThe following composite intersections are highlighted; widths reported are as\nintersected in the hole (the results of these boreholes have not been included\nin the current resource statement and a new resource will be declared once all\nof the planned boreholes have been drilled):\n\n \n\n3.00m @ 8.50 g/t (drill hole Andd033, from 193.00m - 196.00m)\n\n21.00m @ 7.84 g/t (drill hole Andd033, from 219.00m - 240.77m)\n\n9.84m @ 2.47 g/t (drill hole Andd042, from 66.83m - 76.67m)\n\n13.36m @ 3.18 g/t (drill hole Andd044, from 43.00m - 56.36m)\n\n12.00m @ 6.58 g/t (drill hole Andd049, from 111.00m - 123.00m)\n\n4.00m @ 2.12 g/t (drill hole Andd052, from 204.00m - 208.00m)\n\n2.00m @ 5.60 g/t (drill hole Andd053, from 46.00m - 48.00m)\n\n14.97m @ 3.10 g/t (drill hole Andd055, from 43.10m - 58.07m)\n\n9.09m @ 4.67 g/t (drill hole Andd058, from 66.00m - 75.09m)\n\n8.68m @ 4.68 g/t (drill hole Andd059, from 89.32m - 98.00m)\n\n1.89m @ 7.93 g/t (drill hole Andd060, from 20.74m - 22.63m)\n\n8.74m @ 13.3...