Obtala discovers new anomaly in gold zone
Obtala Resources has announced that it has discovered a new gold zone within the Lake Victoria Goldfields.
The firm revealed that in-fill soil sampling carried out on the Buckreef licence in Northern Tanzania identified a new 4km long gold-in-soil geochemical anomaly.
According to Obtala, gold in the 2,912 soil samples collected was up to 704 parts per billion (equivalent to 0.704 g/t).
The anomaly is located 4km west of IamGold’s Buckreef gold mine and 30km south-west of the Geita gold mine, owned by AngloGold-Ashanti.
Frank Scolaro, chairman of Obtala, said that the results had "resolved a considerably larger target than defined by the original sampling in 2008", representing an exciting new zone of mineralisation on the property.
Based in London and quoted on the AIM exchange, Obtala Resources is a mineral exploration and development company based in London with a focus on mining opportunities in Tanzania, east Africa.
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