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HANDENI GOLD PROJECT
Handeni Gold Inc’ 100% owned Handeni Project is located in the Handeni district, within the Tanga region of the Republic of Tanzania. The project area is located approximately 170 kilometers northwest of Dar Es Salaam, 30 kilometers southwest of the town of Handeni. Our project consists of four prospecting licenses covering 359.9 km2 that are directly adjacent to, and partly surround, Canaco Resources’(V.CAN)(now East African Metals(E.A.M.)) Handeni Project which contains the Magambazi gold resource. Good quality gravel roads allow access to the area from Handeni which is currently connected to the main paved highways.
The Handeni region in eastern Tanzania is a target for Proterozoic gold deposits.
Although gold mineralization was described in the area since the early 1950’s, it was only at the end of the previous century that artisanal miners focused on the area following the successful exploration for gold in the Lake Victoria Gold district.
Since the late 1990’s, several localities within the Handeni region, including the Magambazi gold occurrence, became the focus of small scale gold mining. In addition to Magambazi, several other high grade, typically visible gold prospects were located in the area now controlled by Handeni Gold Inc.
Recent attention by the exploration and mining community on the Handeni district has been mainly due to the successful drilling campaign conducted by E.A.M. at Magambazi which has greatly expanded and improved on the original discovery.
Further impetus for gold exploration in the Handeni district followed from the work of the University of Western Australia, which found that the Proterozoic rocks in this region were derived from Archaean material similar to those in the Lake Victoria region. The study concluded that the Handeni Archaean age rocks may yield significant gold finds of world class scale. The excellent results obtained at Magambazi Hill and its surroundings seem to corroborate the high gold potential of the region.
At present Handeni Gold Inc has the largest land position within the Handeni region. The large claim area held 100% by Handeni Gold Inc has actually been the subject of extensive exploration since early 2005 by IPP Gold Ltd., the previous owner of the license area. Geological, geophysical, and geochemical information was collected during several extensive field seasons with the specific aim of identifying anomalous gold prospects in the developing area.
An extensive airborne radiometric and magnetic survey was done by the Council for Geosciences of South Africa and the interpretation of the data done by their geophysical experts. All geochemical analytical work was conducted by internationally accredited and independent laboratories – SGS Laboratories and Humac Laboratories, located in Mwanza, Tanzania.
This work has been detailed within the Technical Report on the Handeni Project in accordance with the provisions of National Instrument 43-101 (“NI 43-101″) of the Canadian Securities Administrators. The Technical Report has been filed on SEDAR at www.sedar.com and may be downloaded from the link at the top of this page.
The airborne geophysical survey effectively outlined the regions folded and faulted geologic terrain. Structural interpretation of the data outlined five prominent Northwest-Southeast trending shear zones that extend through the Handeni Gold and E.A.M. ground.
East African Metals (from the September 13th 2010 press release) announced that within their license area regional soil sampling had outlined a total of two North-Westerly parallel trends of gold mineralization on their license area. The two trends, which include the Magambazi mineralization, are said to have a combined strike length of 15 kilometers.
Within the Handeni Gold Inc ground the northwest-southeast shear zones were tested by widely spaced soil sample profiles. The results successfully outlined over 40 kilometers of linear gold mineralization along the Northwest-Southeast structures.
Work by both IPP and Handeni Gold has shown that the anomalous gold in soils extends from E.A.M’s ground onto the license held by Handeni Gold Inc.
Subsequent work by Handeni Gold (since November 2010) is outlined in numerous news releases (REFERENCES). An updated technical report summarising these finds are currently being written.
The geology of this region is dominated by high-grade metamorphic (granulite to amphibolite facies) sedimentary and volcanic rocks which are folded about Northwest-Southeast trending axes.
Definable structures include ENE-trending thrust faults, NW-SE shear zones and fold axes and NE-SWtrending brittle and ductile fault zones.
At Magambazi gold mineralization is associated with arsenopyrie and pyrrhotite within siliceous amphibolite and silica-garnet schists with a folded sequence of gneissic rocks.
In at least three of the Handeni Gold Inc target areas, namely at Kwandege, Masala Hill, and Mjembe, gold is closely associated with a fine to medium grained garnet bearing amphibolite and within quartz/siliceous rocks and veins.
Handeni Gold Inc conducted extensive airborne and ground geophysical surveys (magnetic, radiometric, EM and IP), geological mapping and soil and rock sampling as well as over 10,000 meters of drilling. Drilling was focused on two targets namely the Magambazi East target and the Kwandege target. The results of the drilling programs are summarised in news releases http://www.handenigold.com/douglas-lake-releases-drilling-progress-updat... and http://www.handenigold.com/handeni-gold-inc-final-first-phase-drill-rres.... The company is currently systematically doing exploration on each of its identified targets, the results of which have been published in news releases http://www.handenigold.com/gold-mineralization-trends-defined-north-sout... and http://www.handenigold.com/handeni-gold-inc-extends-target-5-gold-anomal... and http://www.handenigold.com/handeni-gold-inc-update-exploration-program-%...
The company also retained approximately 45% of its license area to conduct exploration for the next three years.