VANCOUVER, Dec. 17, 2014 /CNW/ - TANZANIA MINERALS CORP. (the "Company" or
"TZM") (TSX-V: TZM) (FRANKFURT:
TM0.F) is pleased to provide a corporate update ahead of the
holiday season.
The year 2014 proved to be a significant one for Tanzania
Minerals. Through challenging commodity and financial markets the
Company has acquired excellent advanced stage exploration assets in
Igurubi and Msasa. These two projects, with Mrangi, give the
Company a strong portfolio within its strategic geography of
Tanzania.
The Company's geological team started exploration work on the
Igurubi property last month. Initial exploration activities
include reconnaissance geological mapping and geochemical sampling
of outcropping and subcropping auriferous quartz veins currently
being worked by artisanal miners, and soil sampling over targeted
trends.
The current exploration program has seen company geologists
conduct a limited sampling program over the existing auriferous
vein system in an effort to characterize the gold content,
mineralogy and alteration. A total of six rock and four soil
samples were collected and dispatched to SGS Mwanza for geochemical
analysis. The results from this limited geochemical survey
are expected early in the New Year and will be used to refine the
proposed detailed multi-element XRF soil sampling program and
ground spectrometer surveys. The detailed surveys will take
place over the known areas of gold mineralization, and the possible
strike extensions (and parallel structures) on recently acquired
licences HQ-P28715 and HQ-P28716. Samples collected include
soil over the bedrock gold workings, over the granite host rock,
and soil overlying ferruginous sediments (BIF or pyrite-rich
shale). The rock samples from the vein system are either
discrete quartz veins, or stringers within the sericite alteration
halo that is present along the 5.2 km strike of the known
mineralization.
If favourable results are returned, the next phase of the work
program will be the aforementioned soil and spectrometry surveys,
combined with a detailed ground magnetics survey. This work will be
implemented in Q1 2015.
In addition Management will look to announce additional work
programs in the first quarter of 2015. In the meantime, the team
will wind down for the holiday season around December 20th and resume activities in
January 2015. The recent
accomplishments of 2014 have set the stage for a strong start to
2015.
The Board would like to thank its shareholders for their
continued support and investment. The Board sincerely wishes
everyone a happy holiday and we look forward to working with you in
2015.
About Tanzania Minerals Corp.
Tanzania Minerals Corp. is an emerging junior exploration
company trading on the TSX Venture Exchange. The company has
an extensive portfolio of projects in Tanzania. Additional information on
Tanzania Minerals Corp., including technical reports and other
public documents are available on SEDAR at www.sedar.com or on the
Company's website at www.tanzaniaco.com.
Qualified Person
Dr. Sandy M. Archibald, PGeo,
EurGeol, Consultant Geologist, Aurum Exploration Services, is the
Qualified Person who supervised the preparation of the technical
data in this news release.
Additional information on Tanzania Minerals Corp., including
technical reports and other public documents is available on SEDAR
at www.sedar.com or on the Company's website at
www.tanzaniaco.com.
On behalf of the Board of Directors of Tanzania Minerals
Corp.
"Robert Dzisiak"
Robert Dzisiak, President and
CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward looking statements". Forward looking statements may be
identified by words including "anticipates", "believes", "intends",
"estimates", "expects" and similar expressions. The Company
cautions readers that forward looking statements, including without
limitation those relating to the Company's future operations and
business prospects are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward looking statements.
SOURCE Tanzania Minerals Corp