FOR IMMEDIATE RELEASE
SEPTEMBER
11, 2007
TSX.V: PAF, FRANKFURT: P2A
DRILLING AT PAN AFRICAN?S MOUNTAIN OF GOLD IN MADAGASCAR
CONTINUES TO ADVANCE PROJECT;
LATEST RESULTS INCLUDE 11.99 g/t AU OVER 9.50 METRES
VANCOUVER, British Columbia ? PAN AFRICAN
MINING CORP. (the ?Company?) is pleased to announce additional assay
results from Phase II core drilling on its Mountain of Gold Project near Dabolava in Madagascar?s central-west plateau. The Company?s license in this
region encompasses approximately 900 sq. km. situated 125 air miles
west-southwest of the capital city of Antananarivo, in the provinces of Toliary
and Antananarivo.
The Phase II core drilling program continues to yield
positive results from the Dabolava East Zone. These include a 9.50 metre interval grading 11.99 g/t Au including 0.420m at 177.00 g/t Au in drill hole
DE-D-035, a 2.33 metre interval grading at 5.10 g/t Au in drill hole DE-D-037
and a 1.72 metres interval grading 23.96 g/t in hole DE-D-07-039. These intervals are reported in true
width, with the structures generally dipping 75o to the
south-southeast. Holes DE-D-035,
039 and 037 are drilled parallel to hole DE-D-011 (NR November 6, 2006) and on
sections located 11 and 25 metres east-northeast and 10 metres west-southwest of
the DE-D-011section, respectively.
Table of Selected Drilling
Results
|
Drill Hole
Number |
From |
To |
Interval |
True Width |
Au |
ZONE |
|
|
(m) |
(m) |
(m) |
(m) |
(g/t) |
|
|
DE-D-07-033 |
86.32 |
88.40 |
2.08 |
1.1 |
28.65 |
Same structure as
DE-D-001 |
|
DE-D-07-035 |
86.85 |
98.20 |
11.35 |
9.50 |
11.99 |
Same zone as
DE-D-011 |
|
Including |
88.08 |
88.58 |
0.50 |
0.42 |
177.00 |
|
|
And including |
96.43 |
98.20 |
1.77 |
1.49 |
21.18 |
|
|
DE-D-07-037 |
80.51 |
83.28 |
2.77 |
2.33 |
5.10 |
Same zone as
DE-D-006 |
|
Including |
82.82 |
83.28 |
0.46 |
0.39 |
25.70 |
|
|
DE-D-07-039 |
86.85 |
92.85 |
6.00 |
5.04 |
12.36 |
Same zone as
DE-D-011 |
|
Including |
86.85 |
88.90 |
2.05 |
1.72 |
23.96 |
|
Note: All assays are reported uncut as the data set
remains too small at this time to establish meaningful statistical boundaries
for cutting.
Holes DE-D-07-07, 033 and 034 were testing the strike
extension of the structure from which an intersection of 32.25g/t over 0.9m was
previously obtained (NR May 11, 2005).
Hole DE-D-07-033 intersected 28.65 g/t over a true width of 1.1m. Hole DE-D-008, DE-D-07-030, 031, and 032
were testing new regional structures.
While the remaining holes did not intersect significant mineralized
zones, several structures containing anomalous values were encountered.
Table of Reported Drill Hole Survey
Data
|
Drill Hole |
UTM |
Orientation |
Collar |
|
Number |
Zone |
Easting |
Northing |
Azimuth (TN) |
Dip |
Elevation |
|
|
|
(m) |
(m) |
degree |
degree |
(m) |
|
DE-D-008 |
38K |
575383 |
7827249 |
310 |
-45 |
543 |
|
DE-D-07-007 |
38K |
576064 |
7828638 |
180 |
-45 |
531 |
|
DE-D-07-030 |
38K |
575400 |
7827301 |
310 |
-45 |
546 |
|
DE-D-07-031 |
38K |
574976 |
7826981 |
305 |
-45 |
570 |
|
DE-D-07-032 |
38K |
575107 |
7827145 |
305 |
-45 |
580 |
|
DE-D-07-033 |
38K |
576031 |
7828664 |
180 |
-45 |
542 |
|
DE-D-07-034 |
38K |
576397 |
7828571 |
160 |
-55 |
570 |
|
DE-D-07-035 |
38K |
574758 |
7827339 |
323 |
-47 |
546 |
|
DE-D-07-036 |
38K |
574731 |
7827327 |
320 |
-45 |
554 |
|
DE-D-07-037 |
38K |
574702 |
7827376 |
320 |
-45 |
556 |
|
DE-D-07-038 |
38K |
574702 |
7827376 |
320 |
-60 |
556 |
|
DE-D-07-039 |
38K |
574778 |
7827344 |
320 |
-45 |
539 |
The Company?s working structural model is based on the
field work and drilling completed by the Company along with evidence from
historic and current artisanal work. A broad Northeast/Southwest shear-zone has
East/West dilatational features which host the gold mineralization. Drilling so
far has been localized principally on the eastern end of one mineralized dilatational zone. Subsequent Diamond drilling will continue to test the dilatational zone near the shear boundaries, and test the center of the
dilatational zone where larger tonnage potential exists.
The Company?s focus during this Phase II is to develop a
better understanding of the complex structural model controlling location of
these high grade structures in order to fully delineate the zone at Dabolava
East and to identify additional similar zones on trend. An induced polarization
geophysical survey is presently underway to identify zones of silicification
(resistivity) and disseminated sulphides (chargeability) often associated with
gold mineralization. The survey
should contribute to the structural interpretation and understanding of the
area, assisting in identification of future drill
targets.
Drilling is done with the Company?s Atlas Copco CS-14
skid mounted wireline drill. All holes are continuously cored utilizing HQ
equipment through the weathered zone (approximately 10-15m), then reducing to NQ
below the weathered zone.
Core is logged and saw-split at the Company's camp
located near the project site. Sample intervals range from 0.40 meters to 1.5
meters. Blanks and duplicates are inserted every 25 samples. The retained core
splits are securely stored at the camp, and the other splits are shipped to the
Company's sample preparation facility in Antananarivo. Splits of pulverized
samples are shipped to ALS Chemex Laboratories in Vancouver, an ISO accredited
laboratory. Samples are subjected to fire assay for Au and 34 element ICP
analysis. Sample rejects are stored at the Company's project site for future
reference, required due diligence and engineering audits. Master pulps are
retained at the Company?s laboratory in Antananarivo.
The Mountain of Gold Project is being managed by Canadian
Marthe Archambault, P.Geo., with total program oversight provided by Gregory B.
Sparks, P. Eng., a Director of the Company. Both are Qualified Persons under NI
43-101. Sample preparation and assistance in establishing laboratory protocols
and sample handling and assaying quality control are supervised by Ardito
Martohardjono, Vice-President of Laboratory Services and a Director of the
Company.
According to Irwin Olian, CEO of the Company,
?It is pleasing to see a continuation of high grade gold intersections as
drilling continues in the Dabolava East Zone. We are further refining our
geologic model of this zone as well as the regional trend with a view toward
delineating a commercial deposit at the Mountain of Gold. To this end, we have
now commenced an IP geophysics survey to enhance our understanding of the
underlying geologic structure and look forward to further positive drill results.
About Pan African Mining
Corp.
The Company is an exploratory resource company
with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq.
km. of uranium properties in Madagascar. The Company is exploring these
properties for uranium, gold, coal, precious stones, base metals and industrial
commodities. In addition, the Company is exploring two large regions for gold
and metals in Mozambique under agreements with other companies. It also has
approximately 5500 sq. km. of Diamond licenses in Botswana which it is presently
exploring. Its operations in Madagascar are carried out through its operating
subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out
through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in
Vancouver, Canada and Antananarivo, Madagascar. More information about the
Company is available at www.panafrican.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN
MINING CORP.
Irwin Olian
Chairman & CEO
For more information,
contact: