VANCOUVER, Dec. 1, 2014 /CNW/ - Tanzania Minerals Corp.
(the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) is pleased to
announce that further to its news release dated November 24th regarding the
acquisition of two licences adjacent to the Igurubi Gold Property,
that it has commenced exploration activities on these two new
licences.
Work Program Commences
Robert Dzisiak, CEO of Tanzania
Minerals Corp. stated, "We are pleased to announce that a program
has commenced on these two properties which have similar geology
and structure to that of Igurubi."
The Company's geological team has begun exploration work on the
newly acquired licences HQ-P28715 and HQ-P28716. The initial
exploration activities have included reconnaissance geological
mapping, ground-truthing previous operator's field observations,
and determining if artisanal workings are present.
The next phase of exploration will involve the undertaking of a
hyperspectral remote sensing study to determine if alteration
associated with the Igurubi mineralized system is present on
HQ-P28716, or in parallel structures identified by previous
airborne magnetic surveys. While this study is underway a
soil geochemistry program will be carried out. This will
involve low detection limit gold assay geochemistry combined with
multi-element geochemistry using a portable XRF instrument.
The field team will also conduct a ground-based gamma-ray
spectrometry survey to identify zones of potassic alteration, which
defines mineralization at Igurubi. If favourable results are
returned, a detailed ground magnetics survey and surface trenching
will be planned and implemented in 2015.
The Company will provide updates on work completed on the
Igurubi gold property as soon as results are attained.
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