To date seven mineralised prospects within a 5km radius have been identified. Work is currently underway on the integration of preliminary resource estimation figures into a JORC compliant resource assessment.
The company plans to investigate the feasibility of exploitation of some of the mineralised targets during 2009. Budget provisions have been made for environmental-, metallurgical- and financial analysis studies.
To date the following geological exploration work has been completed:
A resource for the Singida, determined by independent consultants during the 2nd Quarter 2009, is summarised below:
The resource* comprises five prospects.
A JORC-compliant Preliminary Resource Assessment was completed during the 2nd Quarter of 2009. The resource to date is comprised of seven prospects located within a 6km radius.
The geology of the Singida area is dominated by the Tanzanian granite-gneiss craton. Poorly exposed greenstone remnants were identified within the granite gneiss terrain during mapping by the Geological Survey of Tanzania (Haidutov 1976). These greenstones comprise an intercalated sedimentary and volcanic sequence with similarities to the Nyanzian Supergroup (System) of the Lake Victoria Goldfields.
The volcanic rocks encountered are predominantly basaltic lava and localised hypabyssal diorite/microdiorite intrusives. Meta-sedimentary rocks consist mainly of metaquartzitic lithologies, with subordinate siltstones, mudstones and banded ferruginous chert also encountered. The orientation of the layering is generally parallel to the basement foliation. Isoclinal folding is also evident.
The Nyanzian lithologies are generally metamorphosed to greenschist- and lower-amphibolite facies with localised occurrences of upper amphibolite grade. Post tectonic granite intrusives are common throughout the area.
Gold mineralisation is associated with penetrative brittle-ductile, steeply dipping, quartz veined shear zones that generally approximate the strike of lithological contacts.
The area south of Singida is exceptionally flat lying with little relief except for the granite intrusives that form prominent tors. Weathered overburden profiles are dominated by Neogene transported pedogenic gravels and related soils. Black Cotton soils (Mbuga) occurs locally.