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Zanzibar Gold Inc.
Summary
| Project: | Kwedilima Cheetah | |
|---|---|---|
| Deposit: | Kwedilima Cheetah | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 7/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-7-2017: Zanzibar Gold Inc. announces an Exploration/Drilling Update report for its Kwedilima Cheetah deposit at the Kwedilima Cheetah project. Summary of property and recommended exploration program. This report is prepared to describe and recommend an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Craig Alford (Independent) | |
| ABSTRACT: | This report is prepared to describe and recommend an exploration program on an area (the “Subject Property” and “Property”) of part of prospecting license PL 11043/2016 (covering a portion of the original N500 Bondo Gold Property) which is optioned to Zanzibar Gold Inc. (“Zanzibar Gold”). The Property is located in 35 kilometres southwest of the city of Handeni, Tanzania and west of the village of Kwamagome, in the Handeni - Tanga Rural District, United Republic of Tanzania, East Africa and is centered on 5°33’47”S and 37° 51’35”E. PL 11043/2016 which includes the Subject Property, is 100% owned and held by AFGF (Tanzania) Limited (“AFGF”). On September 30, 2016, Zanzibar Gold entered into an option agreement with AFGF whereby Zanzibar Gold acquired a right to earn an 80% interest to approximately 150 hectares of PL 11043/2016. Exploration work on the whole PL 11043/2016 (when it was called the N500 Bondo Property) consisted of geological mapping, reconnaissance and detailed soil geochemical sampling and pitting and trenching. This work identified the continuation of a multi-element anomaly with gold for 2-3 kilometres extent and possibly crossing the whole PL as well as the recent auriferous alluvium deposition that fills the valleys, adjacent to the ridges of outcrop that host the main auriferous structures in the western part of the PL including the Subject Property. | |
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