Tanzania Gold PLC
17 November 2006
17 November 2006
Tanzania Gold Plc ('Tanzania Gold')
Commencement of Drilling at Mkurumu Project
Tanzania Gold plc (TZG.L), the AIM listed exploration and development company
with projects in highly prospective Tanzania, is pleased to announce continuing
progress since its admission to AIM in September 2006.
Stanley Mining Services has now commenced drilling with a CS1000 diamond drill
rig at the Mkurumu Project. The programme, which is expected to continue until
the year end, will include at least ten holes of between 1000m to 1100m on five
drill profiles to test for mineralisation, stratigraphy and structure.
Clive Sinclair-Poulton, Chief Executive of Tanzania Gold, said: 'We are
delighted with this progress which puts us ahead of schedule and closer to
being able to release results on this project'
Notes for editors:
Tanzania Gold plc (www.tanzgold.com) is focused on the discovery and
exploitation of gold projects and assets in Tanzania which is the third largest
producer of gold in Africa and is increasing its production on an annual basis.
The majority of gold production is centered around the west of the country,
whereas Tanzania Gold is concentrating its efforts in the under explored east,
an area of great potential.
Tanzania has been independent since 1964 and is in the enviable position of
having consistent political stability, holding regular democratic multi-party
elections. Western style mining laws, combined with good infrastructure, skill
levels and a supportive government have attracted a number of world class mining
companies.
Enquiries:
Clive Sinclair-Poulton
Chief Executive
Tanzania Gold plc
Tel: +353 (0) 21 439 9136
Fax: +353 (0) 21 421 2810
Email: clive@tanzgold.com
James Harris
Strand Partners Limited
Tel: (020) 7409 3494
Peter Krens
Mirabaud Securities
Tel: (020) 7321 2508
Gary Middleton
St Swithins PR Ltd
Tel: (020) 7929 4391
Mob: 07951 603 289
Email: gary@swithins.com
This information is provided by RNS
The company news service from the London Stock Exchange