Pan African Resources PLC
26 January 2006
26 January 2006
Pan African Resources PLC
('Pan African' or 'the Company')
Update of Exploration Results at the Bogoin Project in Central African Republic
Pan African Resources PLC (AIM : PAF), the African based gold exploration
company, announces the completion of the second phase of its regional
geochemical soil sampling programme at the Bogoin Project ('the Project'), in
the Central African Republic ('CAR') and an increase in the total strike-length
of the original soil geochemical anomaly from 5km to 7km.
The second phase of the sampling programme covered an area of approximately 10km
in strike-length with an 800m-line spacing. Current work is now focusing on
infill sampling as well as extending the existing defined sampling grid.
The Project is covered by an exclusive exploration license and is a joint
venture between Pan African, International Mining Investments (IMI) and Goldiam
SARL.
Jan Nelson, Chief Executive Officer, Pan African stated, 'The increase in the
strike-extent is significant as it could indicate the potential of a large gold
deposit. We continue our positive progress in the CAR and to focus our efforts
in the right area of the Project'
ENDS
Enquiries:
Pan African Resources Ambrian Partners Parkgreen Communications
Jan Nelson, CEO Richard Brown /Emma Priestley Justine Howarth / Victoria Thomas
+27 11 886 1211 +44 (0) 207 776 6400 +44 (0) 20 7493 3713
Colin Bird, Chairman
+44 (0) 20 7584 2155
www.panafricanresources.com
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