Bezant Res Regulatory News (BZT)

22 May 2007 08:15

Tanzania Gold PLC22 May 2007 Tanzania Gold PLC22 May 2007 Tanzania Gold Plc ('Tanzania Gold') Sampling Programme completed at the Mkurumu Project, Tanzania Highlights: •Sampling programme completed over entire licence area •Artisanal pit rock sampling returns values of up to 43.1g/tAu •Soil geochemical sampling returns values of up to 2.35g/tAu •Average gold value for 40 samples equates to 10.36g/tAu Tanzania Gold (AIM: TZG), the AIM listed exploration and development company, ispleased to announce the initial results from the sampling programme covering theMkurumu gold project (PL 3048/2005) in the Tanga region, Tanzania. Artisanal Rock Chip Sampling A total of 40 rock chip and channel samples were collected from variousartisanal workings, artisanal waste dumps and outcrops within the licence area.They returned gold values ranging from 0.02g/tAu to 43.1g/tAu. The average gold value for the 40 samples equated to 10.36g/tAu, eight of whichreturned values in excess of 20g/tAu namely 22.6, 28.3, 31.7, 32.3, 33.2, 34.8,37.9 and 43.1g/tAu. These results correlate well with previous assay results andreports of visible gold and exceptionally high gold assay values within selectedareas of the Mkurumu deposit. Soil Geochemical Sampling The systematically gridded soil geochemical sampling programme covering theentire 43.35 square kilometre licence area has been completed. Tanzania Gold hasreceived the results of approximately 90 per cent of the 10,000 soil geochemicalsamples. The majority of soil sampling was completed on 80 to 100 metre linespacing at 40 metre sample intervals with duplicates taken every 400 metres. Todate 1,172 samples have returned gold values of over 50ppbAu with resultsranging from 50ppbAu to 2,350ppbAu (2.35g/tAu). The final results and detailedreporting on the soil geochemical sampling are expected in July 2007. Theanomalous targets will be further defined through trenching and channel samplingin preparation for the next drilling programme which is planned for the latterpart of 2007. The majority of the mineralized structures returning the high goldconcentrations are located within the potentially open pit mineable, low gradebut high tonnage parts of the deposit that are currently being evaluated for thenext stage of the work programme. Independent consulting geologist Brian Varndell has reviewed and approved thetechnical information contained within this press release in his capacity as acompetent person, as required under the AIM rules. Brian Varndell is a fellow ofthe Australasian Institute of Mining and Metallurgy and co-author of the CPRpublished in September 2006 Clive Sinclair-Poulton, Chief Executive commented, 'These initial sampling results further confirm the quality of the project andare a highly encouraging prelude to the next stage of our works programme.' Notes for editors: Tanzania Gold plc (www.tanzgold.com) is focused on the discovery andexploitation of gold projects and assets, initially in Tanzania which is thethird largest producer of gold in Africa and is increasing its production on anannual basis. The majority of gold production is centered 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. For further information, please contact: Clive Sinclair-Poulton, Chief ExecutiveTanzania Gold Plc Tel: +353 (0) 85 739 2674Email: clive@tanzgold.com James HarrisStrand Partners Limited Tel: +44 (0) 20 7409 3494Email: JamesHarris@strandpartners.co.uk Gary MiddletonSt Swithins PR Limited Tel: +44 (0) 20 7929 4391Email: gary@swithins.com This information is provided by RNS The company news service from the London Stock Exchange