The Canadian-based Pan African Mining Corporation – which focuses on exploration and development of mineral properties in Africa – has made such significant progress with its Manica gold project in Mozambique that its pre-feasibility study has been delayed until Q1 of 2008 to accommodate new developments.
In its latest resource upgrade of the Manica project, the company reports that its ongoing exploration drilling programme has resulted in encouraging increases in grades. The total Manica resource was upgraded by 18% from 1 311Moz at 2.89g/t to 1.550Moz. The resource at the Fair Bride prospect has been increased by 20% to 1.245Moz.
The company is planning a further 6 600m of drilling at the Fair Bride prospect, as well as an additional 9 000m of reverse circulation drilling at the Guy Fawkes prospect. This drilling programme is due for completion in Q4 2007 and it is hoped that it will result in 90% of the total Fair Bride resource being in the measured and indicated categories.
The Guy Fawkes prospect has emerged from ongoing exploration work as another potentially significant target which could add considerably to the Manica resource.
Pan African CEO Jan Nelson points out that the latest drilling results not only confirm higher grades, but have also outlined additional resources at depth and along strike at Fair Bride, as well as at the Guy Fawkes and Dot’s Luck prospects. “As a result of the identification of these additional resources,” he reveals, “the completion of the pre-feasibility study will now be delayed until Q1 2008 to accommodate all of the new information.”
Turning to Pan African’s Tranomaro uranium property in the south of Madagascar, the company’s core drilling programme – which commenced in mid-July – is on schedule, and first assay results are anticipated shortly.
Meanwhile, regional exploration activity has expanded. More prospects have been identified north of Tranomaro through radiometric analysis, mapping and sampling, and additional targets for the core drilling program have now been identified.
Further afield in Africa, Nelson reveals that Pan African’s 8 100m rotary air blast drilling programme at the Bogoin prospect in Central African Republic is advancing well. “We will be reporting on them soon,” he adds, “and exploration activity on the Akrokerri prospect in Ghana, is due commence in Q4 of 2007.”