| Tue 27 Nov 2007, 9:00 | | PAF - Pan African Resources Plc - Drilling Update |
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PAN
PAN
PAF - Pan African Resources Plc - Drilling Update
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registration number 3937466 on 25 February 2000)
Share code on AIM: PAF & ISIN: GB0004300496
Share code on JSE: PAN
("Pan African" or the "Company")
Regulatory Announcement
Bogoin Gold Project, Central African Republic: Drilling Update
Pan African Resources PLC (AIM: PAF, AltX: PAN), the African based gold mining
and exploration company announces the results of the first phase of Rotary Air
Blast ("RAB") drilling at the Bogoin gold project in the Central African
Republic.
Highlights:
- Significant gold mineralisation intersections were achieved
- Drill hole intersections confirm gold mineralisation at depth.
Best mineralisation tenor is highlighted by the following drill hole
results:
- RAB 0002 - 1m @ 25.55g/t; 1m @ 7.95g/t & 1m @ 6.83g/t
- RAB 0009 - 1m @ 6.30g/t
As announced on 19 November 2007, 2,085m of the 15,600m of the Bogoin Rotary Air
Blast ("RAB") drilling programme have been completed in the Central African
Republic and assay results from 21 boreholes have been received. Following the
completion of the verifications by the geological team the company announces the
following:
The following table outlines individual intersections made; width reported are
as intersected in the hole (no composite values are reported):
Exploration drill hole Depth Depth Width Gold
number (BHID) From (m) To (m) (m) grade
(g/t)
RAB0002 6.00 7.00 1.00 25.55
RAB0002 7.00 8.00 1.00 7.95
RAB0002 8.00 9.00 1.00 6.83
RAB0009 3.00 4.00 1.00 6.30
RAB0017 3.00 4.00 1.00 1.13
RAB0017 11.00 12.00 1.00 1.16
RAB0018 4.00 5.00 1.00 1.02
RAB0018 11.00 12.00 1.00 1.22
RAB0018 12.00 13.00 1.00 1.45
RAB0018 14.00 15.00 1.00 0.98
RAB0018 15.00 16.00 1.00 1.04
RAB0018 16.00 17.00 1.00 0.98
RAB0019 4.00 5.00 1.00 1.06
RAB0019 5.00 6.00 1.00 1.14
RAB0019 6.00 7.00 1.00 2.33
RAB0019 7.00 8.00 1.00 1.34
RAB0019 8.00 9.00 1.00 1.58
RAB0019 9.00 10.00 1.00 1.56
RAB0019 10.00 11.00 1.00 2.70
RAB0019 11.00 12.00 1.00 2.92
RAB0019 12.00 13.00 1.00 3.37
RAB0019 13.00 14.00 1.00 2.28
RAB009 14.00 15.00 1.00 1.36
RAB0019 16.00 17.00 1.00 10.80
RAB0019 17.00 18.00 1.00 1.92
RAB0019 18.00 19.00 1.00 1.34
RAB0019 20.00 21.00 1.00 1.42
RAB0020 1.00 2.00 1.00 1.30
RAB0020 2.00 3.00 1.00 1.37
RAB0020 3.00 4.00 1.00 1.20
RAB0020 4.00 5.00 1.00 1.32
RAB0020 5.00 6.00 1.00 1.46
RAB0020 6.00 7.00 1.00 7.72
RAB0020 7.00 8.00 1.00 1.26
RAB0020 8.00 9.00 1.00 1.50
RAB0020 9.00 10.00 1.00 1.30
Jan Nelson, CEO of Pan African, commented: "The drilling results are being used
to confirm previous interpretations of gold mineralisation at surface to depths
of 15 - 35m. The drilling results received to date, have encouraged the Company
to speed up the drilling programme and as a result a Reverse Circulation ("RC")
drill rig will be on site by the end of Q1 2008 in addition to the RAB drill
rig.
ENDS
Martin Bevelander, Group Consulting Geologist for Pan African Resources, is
SACNASP (South African Council for Natural Scientific Professions) accredited
and was responsible for validating the borehole intersections.
For further information on Pan African PLC, please visit the website at
www.panafricanresources.com
Enquiries:
Pan African Ambrian Partners Macquarie First St James`s
Resources Limited South Corporate Corporate
Finance (Pty) Services Limited
Limited
Jan Nelson, CEO Richard Brown Amanda Markman Phil Dexter
+27 +44 +27 +44
(0) 11 777 7840 (0) 20 7776 6417 (0) 11 343 2307 (0) 20 7499 3916
Keith Spencer, Richard Greenfield Don? Hattingh
Chairman +44 (0) 20 7776 6418 +27
+27 (0) 11 343 2308
(0) 11 880 3155
Nicole Stoyell
Public Relations
+27
(0) 11 777 7840
Date: 27 NOVEMBER 2007
Date: 27/11/2007 09:00:15 Produced by the JSE SENS Department.
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