Nyanzaga update27 Jan 2012 18:03
27 Jan 2012
Drilling Success Leads to Significant Resource Expansion at Nyanzaga
3.5Moz Au Indicated and 0.6Moz Au Inferred
ABG is pleased to announce a significant uplift to the previously declared Mineral Resource estimate for the Tusker deposit at the Nyanzaga Project. This increases our confidence that the project, which comprises the Tusker and Kilimani deposits, has the potential to be our next mine in Tanzania.
The updated in-pit resource is in excess of 4Moz Au, consisting of 3,481Koz at 1.47g/t Au Indicated and 598Koz at 2.05g/t Au Inferred. This represents a fourfold increase on the previously declared resource of 313Koz Indicated and 650Koz Inferred, and is another highly encouraging step in the Company’s overall strategy of realising the potential of its existing portfolio of high quality assets.