Drill results from the Itetemia gold property in Tanzania have prompted Tan Range Exploration (ASE) to inject more cash into the project.
Tan Range has allocated more than US$2 million to the Itetemia project to fund a new diamond drilling program after determining, through the use of reverse-circulation drilling, that the graphite-pyrite exhalative horizon from the renowned 3.5-million-oz. Bulyanhulu deposit (owned by Vancouver-listed Sutton Resources) extends on to Tan Range’s property. The Itetemia property has extensive, highly anomalous gold and base metal values, indicating the presence of a hydrothermal system.
To date, Tan Range has released results from four of the 14 reverse-circulation holes drilled at Itetemia: 13.6 grams gold per tonne over 1 metre; 1.76 grams over 23 metres; 1.26 grams over 3 metres; and 2.36 grams over 5 metres.
Reverse-circulation drilling is continuing on the property.
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