Nyanzaga Project

[OreCorp - 100%]

The Nyanzaga Project is a gold development project with considerable drilling and associated mining information comprising 22 Prospecting Licences and applications covering a combined area of 210km2 in northwest Tanzania in east Africa. A Special Mining Licence application has been lodged over the Nyanzaga Deposit and parts of the surrounding licences covering 23.4km2. The Project is situated approximately 60km southwest of Mwanza and 35km northeast of the 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 and a Project Financing 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