Nyanzaga Project

[OreCorp Earning up to 51%]

The Nyanzaga Project is a gold development project with considerable drilling and associated mining information comprising 27 contiguous Prospecting Licences and two applications covering a combined area of 291km2 in northwest Tanzania in east Africa. It is situated approximately 60km southwest of Mwanza and 35km northeast of Acacia’s Bulyanhulu gold mine.

The Project hosts a JORC 2012 compliant Mineral Resource Estimate (MRE) of 23.7Mt @ 4.0g/t gold for 3.07Mozs using a 1.5g/t lower cut-off, in the Nyanzaga Deposit. A Pre-Feasibility Study has been completed (~ eight months ahead of the JV schedule) and a Definitive Feasibility Study has commenced.

The Project is situated in the Archaean Greenstone in the Lake Victoria Goldfields and lies approximately 60km east of the Geita Gold Mine (AngloGold Ashanti) on a similar trend. The Nyanzaga Deposit offers scalability for both open pit and underground gold mining.

Nyanzaga Project Geology & Tenure

In addition, the Project also offers a suite of priority and regional exploration prospects within a 13km radius of the Nyanzaga Deposit.

Nyanzaga Project