Tuesday, 23 August 2011

Drilling starts at joint Stamico, TREC Buckreef project in Mwanza

From Daily News, Dar es Salaam
By DAILY NEWS Reporter

DRILLING has commenced at a Bauckreef project in Mwanza in which the State Mining Corporation entered into joint venture with Tanzanian Royalty Exploration Corporation earlier this year to implement.

In a statement on Monday, TREC Chairman and Chief Operating Officer, Joseph Kahama said exploration for gold has reached an advanced stage while drilling for diamond is also under way.

Mr Kahama said in the statement that the Buckreef project has an estimated measured, 5.176 million tonnes grading 2.05 grams per ton with an indicated 24.97 million tonnes averaging 1.19 grams per ton and an inferred, 17.173 million tons grading 1.51 grams per ton.

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