Australian-listed Rift Valley Resources has begun drilling at its wholly-owned Miyabi Gold Project in Tanzania. Located 200 km south of Mwanza within the Lake Victoria Goldfields of Tanzania, Miyabi lies 50 km east of Acacia Mining’s Buzwagi gold mine, and 30 km south of Resolute Mining’s Nyakafuru project.
Work on the 26-hole reverse circulation drill programme, which is focused on a series of compelling targets, all defined by substantial drill intersections, began at the end of May 2015. The programme will include infill and extension drilling at the high-grade Dalafuma prospect, which should enable a maiden mineral resource estimate to be prepared for the deposit.
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Targets to test
Previous intersections at Dalafuma include 18 m at 12.0 g/t from 46 m; 16 m at 12.0 g/t from 65 m; and 28 m at 6.8 g/t from 16 m. Other targets to be tested include Dalafuma Northwest, Chui and Contact Zone where previous Rift Valley reverse circulation drilling intersected strong zones of shallow resource grade gold mineralisation.
“Having consolidated ownership of the Miyabi Project, we are pleased to be able to resume exploration,” said Rift Valley Resources MD Geoff Gilmour. “Our previous work led to the discovery of the high grade Dalafuma prospect and a series of other resource targets. We expect that continued success will allow us to add substantially to the 520 000 ounce resource base at Miyabi.”
All investment opportunities for this mining project, and many others, are available for viewing on Africa Mining IQ. Africa Mining IQ organises projects in terms grassroots, pre-feasibility, feasibility, bankable, active and operational phases. There are 100 mining projects in Tanzania ranging from pre-feasibility through to operational, currently listed on Africa Mining IQ. These include 57 gold mines, 12 Uranium mines, 10 Nickel mines, 7 coal mines, 4 graphite mines, 2 Industrial mines, 2 Rare Earth Minerals mines, 1 diamond mine, 1 PGM mine, 1 copper mine, 1 iron ore mine, 1 phosphate mine, 1 Tsavorite mine and 1 Tantalum/Tantalite.
There is a planned exploration programme underway incorporating 26 reverse circulation holes in four prospect areas, incorporating the Dalafuma Prospect, Dalafuma Northwest, Chui Prospect and Contact Zone.
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