VANCOUVER, Feb. 8, 2012 /CNW/ - Tanzania Minerals Corp. (the "Company"), (TSXV:TZM) (FRANKFURT: TM0.F) is pleased to provide an operational update with respect to exploration at its Mrangi and Mrangi South gold properties in the Lake Victoria Goldfields area of Tanzania. Fourteen diamond drillholes, approximately 200 metres depth each, for a total of 2,673 metres, and 58 reverse circulation for a total depth of 8,598 metres have been drilled to date. Drilling was conducted to determine the cause of arsenic and gold soil anomalies detected by traditional soil geochemistry exploration and multiple element anomalies (e.g., As, Cu, Zn) detected using a portable XRF unit over the same area. The drilling reported in this release focused on secondary priority targets on the licence related to a strike extension of the Phoenix mine vein swarm and metal anomalism. Results from initial drilling were reported in a press release dated October 14th, 2011. Preliminary gold exploration on four licences in the Kagera Region has also been initiated.
Kal Matharu, CEO of Tanzania Minerals Corp. commented, "I am pleased with the latest results of our exploration program and the identification of the two new mineralized zones encountered. I look forward to receiving the next assay results from the drilling program to test the lateral extent of the system." He added, "Initial exploration on our Mrangi South and four Kagera Region gold licences is encouraging, and we eagerly await the results of the soil and lithogeochemical sampling programs."