Press releases

Grant of New Gold Licence in Tanzania

 

The Board of Obtala Resources, the AIM quoted mineral exploration and development company is pleased to announce it has increased its gold exploration licence area within the world renown Lake Victoria Goldfields by a further 39.97km2.

The licence, 100% owned by Mindex (BVI), a subsidiary of Obtala, is located 25km south of the multi-million ounce, Barrick owned Buzwagi Gold project in the Kahama district of Northern Tanzania.

Licence Details

Licence	Holder	Interest	Status	Surface Area	Licence Expiry
Kahama PL4789/2007	Mindex	100%	Prospecting	39.97km2	20th October 2010

The Kahama licence is located 180km south of Mwanza, Tanzania's 3rd largest city situated on the shores of Lake Victoria and is in close proximity to tarmac roads, fresh water and electricity supplies.

Contact

Simon Rollason - Managing Director	+44 (0) 20 7099 1940
Obtala Resources plc	www.obtalaresources.co.uk
Ray Zimmerman/Jonathan Evans	+44 (0) 20 7060 1760
Zimmerman Adams International Ltd
Nominated Adviser and Broker