Pan African Resources PLC
20 April 2006
20th April 2006
Pan African Resources plc
('Pan African' or 'the Company')
DRILL RESULTS - MANICA GOLD PROJECT IN MOZAMBIQUE
Pan African Resources plc (AIM: PAF), the African based exploration company,
reports the results of a recent drilling programme completed at the Manica
project in Mozambique.
The drilling programme was undertaken to provide samples for metallurgical test
work as part of the ongoing pre-feasibly study at the Fair Bride gold prospect.
A near-surface in situ resource of 852,747oz (8.47mt @ 3.13g/t) has been
independently verified at the Fair Bride prospect with a total independently
verified resource at Manica of 1.56Moz.
The following composite intersections are highlighted, widths reported are as
intersected in borehole;
19.32m @ 5.02g/t (borehole MDD001, from 66.05m - 85.37m),
17.67m @ 6.56g/t (borehole MDD002, from 98.50 - 116.17m),
12.57m @ 1.17g/t (borehole MDD003, from 105.72 - 118.29) and
9.40m @ 2.55 g/t (Borehole MDD004, from 80.65 - 90.05m).
The individual results from the four boreholes drilled are tabulated below.
Borehole MDD2 also intersected a previously unknown reef grading 4.88g/t over a
width of 4.09m.
The metallurgical testwork is ongoing and it is expected that results will be
completed by the end of Q3 2006.
Jan Nelson, CEO of Pan African commented; 'The results from the infill drilling
have exceeded our expectations and will allow us to upgrade the surface to
near-surface resource at Fair Bride. We are finalising the results from the
recently completed dipole-dipole geophysical survey which will form the basis
for future exploration activity at Manica. I look forward to reporting the
results of that survey in the next few weeks. The Company is gearing up for a
large exploration programme to assess Manica's potential to host a multi-million
ounce gold deposit. To date we have only explored 12% of the mineralized
strike-length, we will now turn our attention to the 88% that is unexplored.'
Borehole number From To Width (m) Grade (g/ Borehole number From To Width (m) Grade (g/
t) t)
MDD001 66.05 67.05 1.00 10.90 MDD002 93.70 94.50 0.80 <0.02
MDD001 67.05 68.05 1.00 14.40 MDD002 94.50 95.50 1.00 0.35
MDD001 68.05 69.05 1.00 0.47 MDD002 95.50 96.50 1.00 0.28
MDD001 69.05 70.05 1.00 0.21 MDD002 96.50 97.50 1.00 0.23
MDD001 70.05 71.05 1.00 0.58 MDD002 97.50 98.50 1.00 0.38
MDD001 71.05 72.05 1.00 0.05 MDD002 98.50 99.40 0.90 1.43
MDD001 72.05 72.62 0.57 0.02 MDD002 99.40 100.14 0.74 23.10
MDD001 72.62 73.62 1.00 0.03 MDD002 100.14 100.81 0.67 18.60
MDD001 73.62 74.62 1.00 0.03 MDD002 100.81 101.80 0.99 17.90
MDD001 74.62 75.62 1.00 <0.02 MDD002 101.80 102.80 1.00 19.30
MDD001 75.62 76.62 1.00 0.02 MDD002 102.80 103.85 1.05 6.49
MDD001 76.62 77.62 1.00 <0.02 MDD002 103.85 104.65 0.80 2.47
MDD001 77.62 78.40 0.78 0.02 MDD002 104.65 105.59 0.94 8.47
MDD001 78.40 79.40 1.00 0.04 MDD002 105.59 106.33 0.74 0.39
MDD001 79.40 80.10 0.70 2.37 MDD002 106.33 106.95 0.62 0.96
MDD001 80.10 81.07 0.97 10.90 MDD002 106.95 107.80 0.85 25.80
MDD001 81.07 81.77 0.70 28.35 MDD002 107.80 108.80 1.00 1.07
MDD001 81.77 82.52 0.75 15.60 MDD003 105.72 106.70 0.98 1.22
MDD001 82.52 83.39 0.87 <0.02 MDD003 106.70 107.70 1.00 1.21
MDD001 83.39 84.37 0.98 14.80 MDD003 107.70 108.70 1.00 0.18
MDD001 84.37 85.37 1.00 12.10 MDD003 108.70 109.70 1.00 2.25
MDD001 85.37 86.20 0.83 0.46 MDD003 109.70 110.70 1.00 0.09
MDD001 86.20 86.90 0.70 0.08 MDD003 110.70 111.70 1.00 0.04
MDD001 86.90 87.90 1.00 <0.02 MDD003 111.70 112.70 1.00 0.06
MDD001 87.90 88.90 1.00 0.21 MDD003 112.70 113.70 1.00 <0.02
MDD001 88.90 89.90 1.00 1.51 MDD003 113.70 114.70 1.00 0.95
MDD002 82.76 83.76 1.00 2.89 MDD003 114.70 115.70 1.00 2.22
MDD002 83.76 84.76 1.00 2.92 MDD003 115.70 116.70 1.00 0.24
MDD002 84.76 85.76 1.00 0.09 MDD003 116.70 117.50 0.80 1.29
MDD002 85.76 86.85 1.09 12.90 MDD003 117.50 118.29 0.79 6.42
MDD002 86.85 87.90 1.05 0.06 MDD004 80.65 81.65 1.00 15.23
MDD002 87.90 88.75 0.85 0.05 MDD004 81.65 82.65 1.00 0.19
MDD002 88.75 89.43 0.68 0.38 MDD004 82.65 83.66 1.01 0.48
MDD002 89.43 90.40 0.97 0.14 MDD004 83.66 84.66 1.00 <0.02
MDD002 90.40 91.23 0.83 <0.02 MDD004 84.66 85.66 1.00 0.05
MDD002 91.23 92.07 0.84 <0.02 MDD004 85.66 86.62 0.96 0.12
MDD002 92.07 92.90 0.83 0.31 MDD004 86.62 87.62 1.00 5.27
MDD002 92.90 93.70 0.80 <0.02 MDD004 87.62 88.30 0.68 1.11
MDD004 88.30 89.05 0.75 1.85
MDD004 89.05 90.05 1.00 1.29
Reported width in table above refers to intersected width in borehole and not
true width.
Grade (g/t) is reflected as average grade.
The core was logged and sampled by Patrick Charles and Denis Napido, Geological
Consultants to the Company on site at the Manica project in Mozambique. Core
samples were transported to South Africa and assayed at SGS Lakefield in South
Africa, a SANAS (T0169) accredited laboratory.
The data in this announcement has been independently verified and checked for
the reporting of exploration drill results by the company's competent persons,
Garth Mitchell and Graham Gavine, of ExplorMine Consultants (Pty) Ltd. Both
geologists are SACNASP registered and members in good standing of their
professional societies and have no direct or indirect interest in Pan African
Resources plc.
- ENDS -
Enquiries:
Pan African Resources Ambrian Partners Parkgreen Communications
Jan Nelson, CEO Richard Brown Justine Howarth / Victoria Thomas
+27 11 886 1211 (office) +44 (0)20 776 6400 +44 (0)20 7493 3713
+27 82 494 5628 (mobile)
Colin Bird
+44 (0)20 7584 2155
Notes to Editor
ExploreMine Gold Consultants (Pty) Ltd is a South African based Resources &
Geological Consultancy - the principle directors and geologists of the company
are Graham Gavine and Garth Mitchell.
SACNASP - South African Council for Natural Scientific Professions.
SANAS - South African National Accreditation System.
This information is provided by RNS
The company news service from the London Stock Exchange
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