Go Back Email this Link to a friend

TAW - Tawana Resources NL - Soil Anomaly Extended to 9 km at Sinoe Gold Project,

Release Date: 12/03/2012 10:10:02      Code(s): TAW
TAW - Tawana Resources NL - Soil Anomaly Extended to 9 km at Sinoe Gold Project,
Liberia, West Africa                                                            
Tawana Resources NL                                                             
(Incorporated in Australia)                                                     
(Registration number ACN 085 166 721)                                           
Share code on the JSE Limited: TAW                                              
ISIN: AU000000TAW7                                                              
Share code on the Australian Stock Exchange Limited: TAW                        
ISIN: AU000000TAW7                                                              
("Tawana" or "the Company")                                                     
Soil Anomaly Extended to 9 km at Sinoe Gold Project, Liberia, West Africa       
(Note - All images and figures removed for SENS purposes and can be found on the
Company`s website)                                                              
-    Additional results received; Northern soil anomaly extended from 5.8 km to 
9 km +30 ppb (up to 1 g/t) gold                                             
-    Two significant +30 ppb soil anomalies defined with up to 1 g/t gold in    
    soils on a broad 800 x 100m reconnaissance grid                             
-    Southern anomaly 8 km long by 400 - 1400m wide, Northern anomaly 9 km long 
by 400 - 1600m wide                                                         
-    25 km along strike from 3.8 Moz Dugbe 1 (AIM: HUM), 40 km along strike from
    the 10 km long Bukon Jedeh soil anomaly (ASX: EQU)                          
-    Emerging gold province in West Africa                                      
-    200 x 50m infill soil sampling completed on Southern anomaly and underway  
    over Northern anomaly                                                       
-    400m of trenching completed                                                
-    Drilling likely to occur in second quarter 2012                            
Tawana Resources NL (ASX: TAW, the `Company`) is pleased to announce it has 
    extended and identified several high priority soil anomalies from its       
    maiden geological exploration program on the company`s Sinoe project in     
    Liberia, West Africa.                                                       
Tawana Resources NL, Managing director, Len Kolff said "These additional    
    results have extended considerably the strike length of the Northern        
    anomaly and confirm the ongoing potential of the Sinoe Gold Project",       
    further adding "infill 200 x 50m soil sampling has been completed in record 
time on the Southern anomaly and trenching is underway to fast track target 
    generation for drilling potentially in second quarter 2012."                
    "The Dugbe Shear continues to shape up into a major new gold province in    
    the West African gold story; it is exciting to be part of this emerging     
province" he said.                                                          
    Meanwhile work continues at pace with a 400 x 50m soil sampling programme   
    completed over the Nimba BLEG anomaly and sampling teams now relocated to   
    commence sampling at the Lofa Project.                                      
Sinoe Soil Anomalies                                                        
    Additional results have been received from the maiden 800 x 100m soil       
    sampling programme over the Sinoe Gold Project area. An additional          
    approximate 1300 soil sample results submitted in late December 2011 were   
received completing all outstanding samples on the maiden 800 x 100m        
    sampling grid.                                                              
    The additional results have extended known gold anomalism from a strike     
    length of 5.8 km to a total strike length of 9 km and widths of between     
400m to 1600m. Anomalism is broadly defined by +30 ppb with highest results 
    returned at approximately 1 g/t gold in soil on a very broad 800 x 100m     
    reconnaissance grid.                                                        
    Results to date have defined two large coherent and continuous +30 ppb soil 
anomalies with results up to 1 g/t Au in soils, providing confidence of     
    significant mineralisation occurring below. The southern +30 ppb soil       
    anomaly is approximately 8 km long and between 400 m to 1.4 km wide.        
    Additional smaller soil anomalies occur between and sub-parallel to the     
primary anomalies. All soil anomalies strike roughly north-east, in a       
    similar orientation to the Dugbe 1.8 Moz and recently announced Tuzon 2.05  
    Moz maiden resource (AIM: HUM). The north-easterly strike direction is      
    evident on regional government geophysical data sets and major river        
drainage orientations and is interpreted to represent north-easterly        
    striking secondary shears off the major Dugbe Shear.                        
    The geology of the Sinoe North area is characterised by a package of gently 
    dipping biotite and garnet-biotite schists, intruded by cm to >10m scale    
pegmatite dykes and sills, mafics and late granitic intrusives. The         
    pegmatite sills appear to be intimately associated with areas of enhanced   
    gold anomalism and are characterised by gently dipping sills of coarsely    
    crystalline quartz, feldspar, mica, accessory minerals and visible          
    Regional strike is east west dipping gently at around 25 to 30 degrees to   
    the north and swings to the north-east above the Dugbe Shear. The shallow   
    dip combined with the apparent association between enhanced gold anomalism  
and greater abundance of mapped pegmatite sills enhances the potential of a 
    low strip ratio, high-tonnage per vertical meter system.                    
    (Artisanal alluvial workings encountered within the project area and medium 
    grained gold produced by the local miners - image removed for SENS          
    The streams and headwaters draining the anomalous areas are characterised   
    by intensive artisanal alluvial and eluvial mining activity. Fine to medium 
    grained gold won by the artisanals was observed as well as reports of       
nugget gold within the strongest defined soil anomalies to date.            
    (Overview of Sinoe soil anomalies and project location relative to other    
    advanced projects in the area. Reported +30 ppb soil anomalies highlighted  
    in dashed white and other advanced projects in red polygons. Gridded soil   
geochemistry by inverse distance squared and NE trending search ellipsoid;  
    image overlay on SRTM grey scale image - image removed for SENS purposes)   
    (Detail of Sinoe north area soil geochemistry and anomalies defined - image 
    removed for SENS purposes)                                                  
Sampling and Assay Methodology                                              
    Soil samples were collected on a nominal 800 x 100m grid. Lines were cut    
    and surveyed using hand held GPS. Approximately 1.5kg of B horizon soil was 
    collected below the surface vegetation and humus layer; generally around    
the 30cm depth profile. Sample sites that occurred within close proximity   
    to transported stream sediments were moved to the nearest available site to 
    avoid sampling stream sediment and target in-situ weathered soil horizons.  
    Ground conditions, regolith profile, soil composition and slope direction   
were recorded at each sample site and the location surveyed using hand held 
    GPS. Alternating field duplicates and certified standards at various        
    analytical levels were inserted every 25th sample for QA/QC purposes.       
    All samples were submitted to SGS Laboratory in Monrovia for sample         
preparation and gold analysis. The entire sample was crushed to a nominal   
    2mm by jaw crusher then pulverised to a nominal 85% passing 75Picam and a   
    200g scoop sub-sample taken for analysis. Laboratory preparation equipment  
    was flushed using barren material between each sample run. Gold analysis    
was by Aqua Regia digest and Solvent Extraction AAS finish (DL 0.002 ppm).  
    Results received to date have passed internal QA/QC procedures and are      
    within reporting error limits (+/-95% CL) of certified standards and        
    duplicates inserted by the Company providing confidence in the reported     
    Next Steps and Timing                                                       
    Infill 200 x 50m soil sampling has been completed on the Southern anomaly   
    and samples submitted to the laboratory. Sampling teams have now relocated  
to the Northern anomaly and commenced infill sampling. Trenching has        
    commenced along highest tenor gold intervals from the existing soil grid on 
    the Southern anomaly. Geological wall mapping and rock chip channel         
    sampling of an initial 400m of trenching has been completed and samples     
submitted to the laboratory. Infill soil sampling and trenching is expected 
    to be completed in April 2012. Pending review of results, drilling is       
    planned to commence during the second calendar quarter 2012.                
    (Trenching, mapping and sampling currently underway on the Southern         
anomaly. Quartz veining with limonite and goethite staining occurring       
    within metre scale pegmatite vein swarms - image removed for SENS purposes) 
    Nimba & Lofa Projects Update                                                
    Initial 400 x 50m soil sampling has been completed on the Nimba Gold        
Project and samples submitted to the laboratory in Monrovia for analysis.   
    Soil sampling was targeted over a coincident BLEG, air magnetics and        
    topographic high with peripheral artisanal gold workings. Sampling teams    
    have now moved to commence soil sampling over the Lofa Gold Project BLEG    
anomaly. Pending initial results infill soil sampling and trenching will be 
    Location and Access                                                         
    (Sinoe license location relative to other Tawana projects and regional road 
network- image removed for SENS purposes)                                   
    Access to the Sinoe Gold Project is via sealed and laterite road from       
    Monrovia and takes up to 12 hours by road during the wet season. There is   
an operational airstrip and hospital in Greenville and roads around the     
    project area are in good condition due to the active logging companies.     
    Access to the Nimba and Lofa projects is via sealed and laterite road from  
    Monrovia and takes up to 8 hours by road during the wet season.             

    About Liberia                                                               
    Liberia is a democratic country run by Her Excellency President Ellen       
    Johnson-Sirleaf; Africa`s first elected female head of state in 2005 and    
recently re-elected for a second term in November 2011. The country is      
    hugely prospective and hosts several world class iron ore deposits but yet  
    is underexplored for gold and non-ferrous metals.  Liberia has a modern and 
    transparent mining code and the government is supportive of foreign         
investment especially in the exploration and mining industry to help unlock 
    the value of its potential mineral wealth. Tawana is one of the first ASX   
    listed junior companies into Liberia following in the footsteps of mining   
    majors BHPBilliton, Arcelor-Mittal and Severstal.                           
Liberia is located in West Africa dominantly within the Archean aged Kenema 
    Man Domain and lesser Birimian sediments to the east.  There are a large    
    number of world class mineral deposits located in the Archean and Birimian  
    rock types throughout West Africa including Obuasi (+40 Moz) and Tasiast    
(+18 Moz). West Africa is one of the fastest growing mineral provinces in   
    the world and Liberia currently hosts several world class iron ore deposits 
    and is underexplored for gold.                                              
    For further information, please contact:                                    
Lennard Kolff van Oosterwijk                                                
    Managing Director                                                           
    Competent Persons Statements                                                
    The information in this report in so far that it relates to Liberian        
Project Exploration Results, Mineral Resources or Ore Reserves is based on  
    information compiled by Lennard Kolff van Oosterwijk, who is a Member of    
    the Australian Institute of Geoscientists included in a list promulgated by 
    the ASX from time to time. Lennard Kolff van Oosterwijk is a full-time      
employee of the company and has sufficient experience which is relevant to  
    the style of mineralisation and type of deposit under consideration and to  
    the activity which he is undertaking to qualify as a Competent Person as    
    defined in the 2004 Edition of the `Australasian Code for Reporting of      
Exploration Results, Mineral Resources and Ore Reserves`. Lennard Kolff van 
    Oosterwijk consents to the inclusion in the report of the matters based on  
    his information in the form and context in which it appear                  
12 March 2012                                                                   
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 12/03/2012 10:10:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2020 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.