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Project Overview Tanzania
Nyakagwe Gold Project
The Nyakagwe Gold Project is located 6km north west of Barrick's Bulyankhulu Gold Mine and contiguous with Lakota Resources' Tembo Project. Africa West Minerals, through their wholly owned subsidiary Gold Rim Exploration Inc. is earning 100% of the Nyakagwe project by bringing the property to the Mining Licence category. The project consists of 46 Primary Mining Licences that have been put together by a local artisanal mining cooperative. A prospecting licence has recently been granted adjacent to and surrounding the Nyakagwe group which will increase the landholdings in an extremely strategic area. A 1400m Aircore and RC drilling program was completed in 2008 that confirmed gold mineralized quartz reefs at depth. Hole NY012 intersected quartz reef from 22m to 26m down the hole and returned 7.03 gAu/t over 4 meters including 17.75 gAu/t over 1 meter.
Maps
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Drilling Location Map
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Detail Drilling Location Map
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Regional Geochem Results in Gold in Soil Anomalies
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Regional Geochem Anomalies in Gold in Soil
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Photos
About Tanzania
Tanzania is an East Africa country located between Longitudes 290 and 410 East and Latitudes 10 and 120 South. It shares its borders with Burundi, Kenya, Malawi, Mozambique, Rwanda, Uganda, Zambia and the Indian Ocean with a coastline length of 1,424 km. Tanzania is the largest nation in East Africa, both in land area and population. Population is estimated at forty million persons.
The Government of the United Republic of Tanzania is a unitary republic formed by the union of Tanganyika and Zanzibar in 1964. There are two governments: the Union Government and the Government of Zanzibar. The Constitution of the United Republic of Tanzania (1977) provides that Tanzania aims at building a democratic society founded on the principles of freedom, justice, fraternity and concord, in which the Executive is accountable to a legislature composed of elected members and representatives of the people. Tanzania is free of ideological confrontations, ethnic problems and labour disputes. It is a centre of economic and political stability in Sub Saharan Africa.
Tanzania has put in place investment incentives for the exploration and mining industries which have jumpstarted this sector over the last decade. The government is in the process of reviewing the current mining laws and some changes are expected. It is anticipated that the Government may insist on a carried interest on all projects and/or an increase in the payable Royalty from the current 3%.
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