Pan African Resources PLC
13 October 2005
Pan African Resources plc
('Pan African' or 'the Company')
RESOURCE UPGRADE - MANICA PROJECT IN MOZAMBIQUE
Pan African Resources plc (AIM:PAF), the gold exploration and development
company with assets in Africa, reports an upgrade in resources at its Manica
project in Mozambique.
Recent geological work carried out by Pan African at its Manica project, has
resulted in the delineation of an 800,000oz resource (5.3mt @ 4.84g/t average
grade). This upgrade in resource is the result of the completion of a 6,800mt
drilling programme following up on soil geochemical and geophysical anomalies
combined with geological mapping.
To date, only 12% (2.4km) of the total strike-length of the 22km long
mineralized zone has been explored. In addition to the resource upgrade, another
reef parallel to the targeted mineralized zone, previously unknown to the
geological team, has been identified. Pan African is currently in the process
of completing a dipole-dipole geophysical programme to delineate additional reef
horizons.
Jan Nelson, CEO of Pan African commented; 'The Manica project is within a well
established historical mining district. We are currently implementing a second
phase of geophysical work following up on the newly discovered reef zone. I look
forward to directing this programme with the geological team and reporting on
the results early in the new year.'
The following table details some of the more significant intersections*:
Borehole number From To Width (m) Grade (g/t)
And003 39.00 42.00 3.00 2.90
And008 41.00 43.00 2.00 2.27
And008 57.00 60.00 3.00 11.27
And009 0.00 6.00 6.00 3.09
And009 17.00 24.00 7.00 1.35
And010 12.00 14.00 2.00 1.63
And015 9.00 12.00 3.00 4.37
And015 23.00 31.00 8.00 10.44
And016 55.00 57.00 2.00 4.62
And017 54.00 57.00 3.00 2.84
And018 3.00 6.00 3.00 1.24
And036 89.00 95.00 6.00 2.23
And037 57.00 87.00 30.00 3.87
And038 34.00 47.00 13.00 1.49
And039 45.00 48.00 3.00 12.08
And040 51.00 54.00 3.00 2.17
And041 49.00 57.00 8.00 2.53
And042 20.00 21.00 1.00 1.78
And042 27.00 32.00 5.00 3.23
And064 0.00 15.00 15.00 1.74
And064 21.00 24.00 3.00 1.54
And064 96.00 100.00 4.00 1.03
And066 63.00 66.00 3.00 1.78
And066 96.00 105.00 9.00 1.40
And067 69.00 102.00 33.00 2.01
Andd001 58.30 68.00 9.70 1.25
Andd001 77.00 81.27 4.27 3.72
Andd002 126.44 147.44 21.00 3.35
Andd003 89.00 93.00 4.00 2.18
Andd005 32.00 38.80 6.80 2.64
Andd007 93.00 103.00 10.00 5.96
Andd007 113.00 133.00 20.00 6.83
Andd007 139.00 140.35 1.35 5.21
Andd008 49.70 51.70 2.00 1.36
Andd008 56.00 60.00 4.00 11.93
Andd008 79.00 87.00 8.00 8.15
Andd008 99.00 100.00 1.00 3.55
Andd008 108.00 109.00 1.00 47.53
Andd008 134.12 135.00 0.88 1.07
Mac003 48.00 49.00 1.00 2.35
Mac003 54.00 57.00 3.00 4.79
Mac003 74.00 75.00 1.00 3.44
Mac004 90.00 93.00 3.00 2.29
Mac006 93.00 94.00 1.00 1.78
*Underground and surface sampling values were used in combination with borehole
data to determine resource.
- ENDS -
Enquiries:
Pan African Resources Evolution Securities Parkgreen Communications
Jan Nelson, CEO Tim Redfern Justine Howarth / Victoria Thomas
+27 11 886 1211 +44 (0)20 7071 4312 +44 (0)20 7493 3713
Colin Bird
+44 (0)20 7584 2155
This information is provided by RNS
The company news service from the London Stock Exchange
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