BELIZE CITY, BELIZE–(Marketwired – Aug. 8, 2014) – The directors and management of Kilimanjaro Capital (OTC PINK:KIMJF) are pleased to announce that it has reached an agreement in principle with Sika Resources to acquire an interest in world class gold assets in Tanzania.
Sika holds properties located within the Lake Victoria Goldfields, a world-class gold district with over 60 million ounces of gold in reserves. Sika’s properties host Archean greenstone rocks within which numerous northeast-southwest and northwest-southeast trending fault/shear zones are seen, similar to trends hosting known gold deposits across the district. Deposits in the Lake Victoria Goldfields district, some within 30 km of Sika’s properties, include:
- AngloGold Ashanti’s Geita Mines (+19 million oz)
- Barrick Gold’s Bulyanhulu Mine (+15 million oz)
- Resolute Mining’s Golden Pride (+2.6 million oz)
- A host of other known deposits and gold mines including Barrick’s Tuluwaka and Buzwagi
Tanzania is considered by many as Africa’s most stable country featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa’s third largest gold producer, yet many highly prospective regions remain under-explored.
More information on Sika Resources Inc’s. assets can be found at the link below:
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