Drilling on the Tulawaka gold property in northern Tanzania has revealed more high-grade results for partners
Recent results include 134.7 grams per tonne over 6.1 metres, 22.6 grams over 13.5 metres, and 7.2 grams over 28 metres. The intercepts include smaller but higher-grade sub-zones carrying up to 1,234 grams.
Current efforts are focused on the East zone, where resources are pegged at 1.6 million tonnes grading 18.96 grams gold per tonne. A second but separate structure, known as the West zone, hosts 736,678 tonnes grading 2.9 grams.
Mineralization in the East zone is hosted by three gold-bearing quartz veins, which individually strike for up to 600 metres in length for a combined length of 1 km. Overall, the zone extends to a depth of at least 150 metres.
Barrick operates and owns a 70% interest (which it acquired through the takeover of Pangea Goldfields last summer), leaving Minires with the remainder. The major retains a right of first refusal on its partner’s interest, should it choose to sell it.
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