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Tanzania

Tanzania map

Aurigin owns a 92% stake in two contiguous tenements in the Handeni region – Kwadijava and Negero – through a 92% holding in Dhahabu Resources Limited, a Tanzanian company that has legal title to the following prospecting licenses (PLs) in Tanzania: PL6890 and PL6891. These licenses total approximately 200km2. The company has identified three significant mineralized trends in these tenements.

Tanzania license

Key characteristics of licenses

  • Orogenic/structurally-controlled folded and faulted vein mineralization
  • Presence of numerous artisanal workings
  • Other significant explorers in the region: East Africa Metals Inc.
  • Discovery of substantial gold bearing structures and numerous intersecting trends
  • Significant visible gold in RC chips (reverse circulation drilling) and DD core (diamond drilling)
  • Significant ongoing DD and RC program, geochemical soil sampling and high-res airborne geophysical survey completed – soil sampling continues on nine high-interest targets
  • Targets with total strike length of 4.5km drill tested down to 150m (10,700m of RC and 3,500m of DD) on Negero
  • DD holes showing exceptional grade and intersection
    • KWBDD010: 31m @ 1.72g/t, including 11.5 @ 3.6g/t & 1m @ 12g/t
    • KWBDD017: 16m @ 6.4g/t including 2m @ 7.47g/t & 1m @ 64g/t
  • 9 clearly defined, high interest gold drilling targets in Negero PL
  • 12km long target, structurally related geochemical and geophysical NE-SW trend anomaly identified in Kwadijava license