Investors and Shareholders,
For those investors and shareholders who never subscribed for information through the Vangold website, it is important for you to sign up for Email Alerts at www.vangold.ca
Please read the following articles contained in the links. The articles reference two geographical regions Papua New Guinea ("PNG") and Africa. Vangold acquired 7 mineral properties in PNG 4 years ago, and several concessions in Uganda Africa over the past 2 to 10 years. Vangold invested early in both regions and acquired numerous concessions, large land areas containing mineralisation zones. It is highly unlikely anyone would be able to secure those properties today for the small amount Vangold paid. Of importance, is those regions are now in play.
Major companies in the mining sector have shown a renewed interest in PNG as evident by the following 2 Bloomberg articles. Simply put, alot of money will be ear marked to explore, develop and produce new resources and infrastructure during the next several years. Both Vangold and it\'s jointly owned subsidiary Kanon Resources will continue their separate work programs in the region. As you know Vangold and its partner proposed to take Kanon Resources public. If you want to be on the Vangold Presidents List in regards to the financing of Kanon if and when it goes public, please email me at rmoriarty@telus.net
www.bloomberg.com:80/apps/...1089&sid=a5aqzZ8nI7Os&refer=china
www.bloomberg.com:80/apps/...082&sid=as5ZFxmxISo4&refer=canada
Prior explorers spent approximately $12 M US on properties Vangold acquired in PNG. From 2003 further monies were expended on the properties on a monthly basis by Vangold and it\'s JV partner. Vangold has approximately $300,000/month in cash flow and $6.5 M in the bank, and no long term debt. The large land areas associated with each project are situated over mineralisation zones, and are in close proximity to a number of existing mines and new findings in PNG. Vangolds website contains our project descriptions in PNG, and the National Instrument 43-101\'s. After an extensive review of data compiled by our geological team on our 2003-2006 Feni Islands drill program, (inclusive of panned concentrate stream samplings, biogeochemical analysis, etc), Vangold will test a completely new theory in an attempt to unlock the mystery at Feni Islands. Feni Islands is a Lihir look a like but it is also similar to the hydrothermal gold system on the Fiji Islands. Vangold intends to drill new targets shortly. Within 2 weeks, an article from Paul the Benjaminite will be posted on www.gold-eagle.com and thats where you will learn more about the new theory and new drill locations thanks to Pauls\' review of the data.
In the same vein, there is a major push by mining companies to identify new resources located in Africa. In particular, the countries bordering Tanzania ie Rwanda, Burundi, Uganda, Kenya. If you never heard of the Kabanga nickel deposit in Tanzania, the following information will provide more insight on it. As you know, Vangold has several mineral concessions in Uganda. One of Vangolds\' concessions is located in south western Uganda and borders Tanzania. Several of Jim Sinclair\'s articles in JS Mineset make reference to the Kabanga nickel deposit going up into Uganda. Thats why it is important for you to realize whats going on in Tanzania provided in the 3 links below. The Barrick-Xstrata Joint Venture in Tanzania is presumed to be the second largest unmined nickel deposit in the world behind Voisey Bay. Now that Jim Sinclairs\' company International Tanzanian Royalty Exploration Corporation (Tan Range) has announced their intentions to drill in Tanzania, it won\'t be long before Vangold follows suit. Vangold got into Africa early, about 10 years ago and has acquired more concessions in the past 2 years.
The bottom line is Vangolds properties are worth more today than when they were acquired, and there appears to be a big push by the majors to find more deposits in those regions. Vangold\'s intention for 2007 is to commence several drill programs in PNG and Africa, and they are aggressively looking for further opportunities in the resource sector, (mining, and oil and gas projects).
The following information on Tanzania should provide further insight of the significance of Africa, and the close proximity of Vangolds projects in Uganda.
www.tanzanianroyaltyexploration.com/s/...banga-Nickel-Progr... Tanzanian Royalty Exploration Corporation Announces Commencement of Work Program.
www.jsmineset.com/home.asp Please read Jim Sinclair’s Commentary about Barrick, Xstrata and the Kabanga Nickel Deposit.
www.tanzanianroyaltyexploration.com/s/LakeVictoria.asp Here is a link to maps showing the location of the Kabanga Deposit
I\'ve attached a link to a Vangold press release dated April 12, 2006 in regards to our projects in Kafunzo and Kilo Moto, Uganda. The Kafunzo area is located in Uganda on the Tanzania border, north of the Kabanga nickel/cobalt deposit in Tanzania. Kafunzo is the concession that Jim Sinclair references in their press release when he talks about going up into Uganda. The Kafunzo anomaly has been identified by a high amplitude aeromagnetic survey, reaching 1,700 nT. This anomaly occurs in folded flysh-type sediments and granites of the mid-Proterozoic Karagwe-Ankolean-Burundian system (the Kibaran Fold Belt) which, in Burundi and Tanzania, is characterized by a belt of mafic/ultramafic bodies hosting nickel laterites, nickel sulphide, and PGE mineralization. This mineralized belt has borne a significant discovery that is being actively developed by Falconbridge and Barrick, known as the Kabanga nickel/cobalt deposit in Tanzania south of Kafunzo. Here is the link.
investors.vangold.ca/...954427&ticker=V.VAN&lang=EN&title=null Vangold Kafunzo and Kilo Moto Press Release April 12, 2006.
I hope the information is useful.
Best Regards,
Robin Moriarty, BSc
Investor Relations for Vangold
Toll Free in North America 1 877 361 0002
Cell 1 778 899 1583
If you received this email in error or no longer wish to receive information about Vangold, please use the link remove@vangold.ca and your name will be removed.
Tanzanian Royalty Announces Second Quarter Startup For Kabanga Nickel Program
2007-02-15 16:53 ET - News Release
TSX: TNX
AMEX: TRE
VANCOUVER, Feb. 15 /CNW/ - The Company is pleased to announce that a decision has been made to commence work on its extensive nickel holdings in Tanzania during the second quarter of 2007. The decision coincides with an announcement by Xstrata and Barrick to proceed with a pre-feasibility study for their Kabanga Nickel Project which is situated within the same belt of rocks that hosts Tanzanian Royalty\'s nickel licenses.
"The spectacular grade and size potential of the Xstrata-Barrick Kabanga project speaks to the exploration potential of this world-class nickel belt which from an exploration standpoint has barely been touched," said Tanzanian Royalty Chairman and CEO, Jim Sinclair.
"Without a doubt, the timing of our acquisition program in the Kabanga Nickel Belt was fortuitous and the decision by Xstrata-Barrick to proceed to the next stage of development at Kabanga will undoubtedly focus world attention on the entire belt."
The Kabanga nickel deposit was discovered by the United Nations during the 1970s following a comprehensive geochemical and geophysical program that identified a chain of coincident airborne magnetic and geochemical anomalies within a 20-30 kilometre wide northeasterly trending belt that extends for over 200 kilometres from Burundi in the south, through western Tanzania, to Uganda in the north.
In 2004, Tanzanian Royalty recognized that base metal prices were set to move substantially higher and applied for open ground within the Kabanga belt that was considered to be a favorable host for magnetic anomalies.
The Company\'s seven prospecting licenses represent a combined area of 4,434 square kilometers within the Kabanga nickel belt. One of the Company\'s prospecting licenses is located within a zone of two parallel magnetic highs that extends down to the Kabanga Nickel deposit, while another license hosts a 50 kilometre long magnetic anomaly with a geophysical signature of similar intensity to Kabanga. Moderate nickel-in-soil anomalies are evident on some of the properties as well.
Respectfully Submitted,
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
--------------------------------------------------
Jim Sinclair’s Commentary www.jsmineset.com/home.asp
I am proud of a recent development in Tanzanian mining. For a considerable time I held the position of Chairman of Kabanga Nickel. The company I was involved with during that time had Kabanga as our only project, yet reached a market value slightly above $900,000,000. Nickel then was $8 per pound whereas we are now trading at $19. Kabanga Nickel will, in my opinion, produce so much Cobalt they will control that market.
The decision by Xstrata and Barrick to proceed towards bankable feasibility on this very important project will have a major impact on the country of Tanzania and the Kabanga Nickle belt.
The reserve grade and inferred resources will make this project major, putting Barrick into the nickel business.
India and China are looking directly across the Indian Ocean at Tanzania. There is no more important base metal for the fast developing new economies of Asia than Nickel. Nickel is the alloy that changes steel into stainless steel, the primary product of almost everything a new fast developing economy needs.
It is my belief which I told to then President of Barrick and their chief counsel that Kananga Nickel in Tanzania would bring more cash flow to Barrick than all their gold mines. I still believe that.
Xstrata Nickel raises Kabanga spending, estimates
Thu Feb 15, 2007 9:00am ET
(Figures in U.S. dollars unless noted)
OTTAWA, Feb 15 (Reuters) - Xstrata Nickel said on Thursday it will invest a further $95 million and begin a pre-feasibility study to advance its Kabanga nickel project in western Tanzania.
Xstrata Nickel, which owns half the joint venture with Barrick Gold Corp., also raised the preliminary resource estimate.
An update estimates the indicated resource at 9.7 million tonnes, grading 2.37 percent nickel, and an estimated inferred resource of 36.3 million tonnes, grading 2.8 percent nickel.
The project\'s previous inferred resource estimate was 26.4 million tonnes, at 2.6 percent nickel.
Xstrata Nickel, the fourth largest nickel producer in the world, said it has spent more than $50 million to update the resource model.
#1120 von Goldraute 17.02.07 22:32:02 Beitrag Nr.: 27.784.351
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