|Bid||0.1700 x 0|
|Ask||0.1800 x 0|
|Day's Range||0.1600 - 0.2000|
|52 Week Range||0.1000 - 0.3150|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
On the Mkuvia, the company is sending an independent geologist to complete a NI 43-101 exploration report to satisfy regulatory requests and to outline a small exploration program to test the reported placer area. The program will mainly focus on the areas identified in a 2009 report as prime exploration targets and will utilize modern equipment for the first time on the property area. On the Fukawi Property, the initial exploration program will focus on several gold bearing veins that were outlined in previous exploration.
OTC Pinks) reports that it has mobilized field crews to initiate its exploration on the Mkuvia Gold Placer (“Mkuvia”) and the Fakawi Lode gold (“Fakawi”) properties in Tanzania. In addition, the Company has entered into a due diligent agreement and an option agreement with the Mkuvia and Fakawi properties respectively. The Mkuvia due diligence agreement contains the following terms: (i) the Company may spend up to CDN$100,000 on its due diligence review, which shall be credited, at the Company’s discretion, towards exploration expenditures or cash options requirements on the Mkuvia.
OTC Pinks) reports that it is in negotiations for an option earn-in agreement to acquire a 100% interest subject to a royalty in favour of the proposed property optionor in the Fakawi Gold property in the Handeni area of north-central Tanzania, have several areas of high grade gold samples that have not been followed up, previously. Sampling to the west of the main valley following up on a soil sample of 310 ppb gold by a small trench revealed a quartz vein that assayed 40.70 grams and 57.99 grams (approximately 1.2 ounces and 1.7 ounces respectively) across a 1 metre width.
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - May 30, 2019) - Investorideas.com, a global investor news source covering mining stocks releases a snapshot looking at the recent developments in the African Gold mining sector, specifically in Tanzania. In Tanzania, revenues from the country's mineral resources are on the rise, thanks to government efforts to curb smuggling and strengthen the Mining Commission's capacity.The March 2017 government's decision to ban the export of mineral ...
OTC Pinks) reports that its consultants have initiated their exploration evaluation of the Mkuvia Gold Property in the Nachengwea area of southern Tanzania. In 2009, a 43-101 Compliant Reserve report was calculated on the central portion of the main gold producing area, that outlined an inferred reserve 6 million grams of gold. A field visit to the property and the collection of the alluvial gold for analysis is being completed by the report’s original author.
OTC Pinks) reports that it has initiated acquisition of the Mkuvia Gold Property in the Nachengwea area of southern Tanzania and the Fakawi Gold property in the Handeni area of North-central Tanzania. In 2009, a 43-101 Compliant Reserve report was calculated on the central portion of the main gold producing area, that outlined an inferred reserve 6 million grams of gold. The potential of a low-cost extraction of placer gold from part of an extensive gold bearing placer alluvium will be investigated by Zanzibar.
During this initial program soil and rock samples were taken in the area and analyzed for ICP 30 elements. This new showing in a shear zone within the gabbro unit that crosses the entire property in a NNW direction and is anomalous in its entirety (2-3 km is present on the property) and continues to the north is part of the continuous unit with several gold copper showings.