Friday, 14 September 2007

Tanzanian Royalty Begins Drilling at Itetemia Gold Project

From The Earthtimes, Vancouver, Canada


The Company is pleased to announce that a drilling program has commenced on its Itetemia Gold Project in the Lake Victoria Greenstone Belt of Tanzania.

The Itetemia property is located some 90 kilometers southwest of Mwanza adjacent to Barrick's Bulyanhulu Mine property, one of the largest underground gold producers in the world. Itetemia is currently the subject of an option agreement with a private United Kingdom based company, Sloane Developments Ltd. which can earn a percentage interest in prospecting licenses aggregating 54 square kilometres.

The drill program will include at least 2,000 metres of Reverse Circulation (RC) drilling and 3,000 metres of infill diamond drilling which is designed to improve the confidence level of the gold grades encountered in previous drill programs within the Golden Horseshoe Reef (GHR) down to the 200 metre level.

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