Gold
Obtala has licences in the Lake Victoria Goldfields and in the southern part of the country close to the Lupa Goldfield.
Lake Victoria Goldfield (LVG) is a world-class gold province with in excess of 50Moz of proven and probable reserves, making it the third largest gold producing area in Africa. Obtala's gold licences occur south of Mwanza within the Shinyanga and Mwanza districts of Tanzania where active mining at the Bulyanhulu, Geita, Golden Pride, Buzwagi and Tulawaka gold mines is in operation, managed and owned by major international mining houses.
Exploration to date show favourable gold anomalies at the Shinyanga and Buckreef licences. Two separate zones at Shinyanga returned values up to 0.66g/t Au-in-soil. Artisanal and small scale mining are operating approximately 1,000m to the east of the licence area near to Mwanubi village.
