Bezant Resources PLC Regulatory News (BZT)

2 Nov 2006 08:30

Tanzania Gold PLC02 November 2006 Tanzania Gold plc ("Tanzania Gold") Tanzania Gold signs drilling contract for its Mkurumu gold project • Drilling contract signed and expected to commence by mid November 2006 • Results of the 1,000 metre drilling programme anticipated to be received in Q1 2007 Tanzania Gold plc (AIM: TZG) the AIM listed gold exploration and developmentcompany, is pleased to announce that its wholly owned subsidiary Anglo TanzaniaGold Limited has appointed Stanley Mining Services (T) Limited to conduct a1,000 metre drilling programme on the Mkurumu joint venture project. The drillrig is on route to the Mkurumu site and is expected to commence drilling by midNovember with the drilling programme scheduled to continue until the year end.The directors of Tanzania Gold expect the preliminary results to begin to bereceived in the first quarter of 2007. Clive Sinclair-Poulton, Chief Executive of Tanzania Gold, said: "We are delighted with the progress we have made in such a short period. We havemanaged to secure a cost effective drilling contract for the Mkurumu projectdespite a well documented global shortage of rigs and look forward to being ableto update our shareholders as soon as possible on the results of this initialdrilling programme." Notes for editors: Tanzania Gold plc (www.tanzgold.com) is focused on the discovery andexploitation of gold projects and assets in Tanzania which is the third largestproducer of gold in Africa and is increasing its production on an annual basis. The majority of gold production is centred around the west of the country,whereas Tanzania Gold is concentrating its efforts in the under explored east,an area of great potential. Tanzania has been independent since 1964 and is in the enviable position ofhaving consistent political stability, holding regular democratic multi-partyelections. Western style mining laws, combined with good infrastructure, skilllevels and a supportive government have attracted a number of world class miningcompanies. This information is provided by RNS The company news service from the London Stock Exchange