TBX
TBX
TBX - Thabex - Update Mafuga Forest Gold Project
THABEX EXPLORATION LIMITED
("Thabex" or "the Company")
Registration No 1988/000763/06
(Incorporated in the Republic of South Africa)
JSE share code: TBX
ISIN Code: ZAE000013686
Young Lions Exploring Africa
THABEX - UPDATE MAFUGA FOREST GOLD PROJECT
Thabex and Devxplore Limited of Uganda are pleased to announce the first
analytical results from our shared Mafuga Forest project in southwestern
Uganda. The Mafuga Forest property is located in the Kigezi goldfield, which
appears to form the northern continuation of the Kivu gold province that
hosts several world-class gold prospects in the eastern Democratic Republic
of Congo.
Grab samples assayed for gold by fire-assay reveal anomalies concentrations
(up to 350 ppb) of gold in samples from three of the four previously defined
trends on the Mafuga Forest license area. However, the absence of gold
anomalies in the fourth trend is probably due to the limited number of
samples collected from this trend.
In all cases, the gold anomalies were found in iron- and gossan-stained,
brecciated quartzitic rocks, "black-matrix-breccias (BMB)", confirming that
these breccias are indeed the primary host to the gold mineralization. In
addition, anomalous concentrations of gold were also identified in a large
milky quartz vein in an area previously interpreted to be devoid of any gold
mineralization. The presence of anomalies gold values in this vein may
signify the presence of more mineralized trends throughout the license area.
Future work on the Mafuga Forest property will consist of systematic sampling
of mineralized outcrop exposures, detailed geologic mapping and geochemical
soil sampling over mineralized trends to assist in the delineation of gold
mineralization.
Johannesburg
19 July 2007
Date: 19/07/2007 14:46:01 Produced by the JSE SENS Department.
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