The perfect team —
Excellent Prospects. Experienced Personal. Escalating Demand.
Morogoro East Gold Property
Exploration work completed in the past two years, has identified quartz veins/silicified zones either associated with artisanal placer gold workings or with visible gold on the Prospecting License in the Morogoro area. The geology of Amphibolitic and biotitic gniesses host the zones which are also present on ridges that have resisted erosion rising 10- 20 metres above the surrounding terrain.
In conjunction with exploration a placer operation will be initiated to expand the geologic data base of the property.
Further analysis of the drill core from the property for base and precious metals to expand on the 3 m drill intersection (1.69 g/t) which is in a 2-3 kilometre long mineralized and altered structure will also be completed prior to the commencement of a detailed drilling program.
Scandium, a rare earth metal, has taken on a new luster with the advent of Robert Friedland getting involved on the heels of John Kaiser’s positive assessment of new potential supply being developed in Australia. Sacndium has many positive attributes when it is alloyed with aluminum – making it stronger and lighter – and has recently figured in the new solid fuel cells being developed in California.
The properties being optioned by Cameo have reported values of Scandium (Quebec Gorvernment Survey) in excess of 500-600 ppm Scandium (the mineral Resource grade of the Australian Property is 280 ppm Scandium) and is located associated with mafic to ultramafic rocks (the common host of the Australian Resource).
Handeni Magambe Gold Project
The Magambe Gold Property (MGProperty) has multiple element and gold geochem anomalies across the of the property, associated with a structure and continuity of trace amounts of gold and other pathfinder elements on trend northeast from the Canaco Magambazi zone in similar amphibolitic rocks. These zones are part of the overall trend that Canaco is following up and have potential.
The outcrops and rocks seen to date, exhibits a complex structure of brecciated, sheared, fractured, foliated, folded and faulted deformed rock with alteration of silica, chlorite, sulphide and epidote.
With the discovery of significant placer gold immediately south “down stream” from of the anomalous area – the area is very low relief and the gold is very coarse and pristine- is indicative of a local source. The company is incorporating all this information into the proposed exploration program.
The zone on Canaco’s property which has been defined by their magnetics proceeds NW from Magambazi and then swings to the NE and enters the MG property. The zone constitutes a major structure that has been identified as having gold deposits (Magambazi) on it. This is analogous to the Kirkland Break or other well established Canadian structural gold trends that host the major gold mines of Canada. Here in Tanzania we are a little over 2 years into discovering and understanding the feature.