Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address

Obtala Resources PLC (OBT)

  Print      Mail a friend

Monday 16 March, 2009

Obtala Resources PLC

New Gold Zone at the Buckreef

RNS Number : 8741O
Obtala Resources PLC
16 March 2009
 



16 March 2009

OBTALA RESOURCES PLC ('Obtala' or the 'Company')


New Gold Zone at the Buckreef Licence


The Board of Obtala Resources, the AIM quoted mineral exploration and development company is pleased to provide the market with an update on the results from in-fill soil sampling conducted over the Buckreef licence in Northern Tanzania within the Lake Victoria Goldfields. This follows on from the data released in the 'Gold Results in Buckreef' press release, dated 24th November 2008. 


Highlights

·                New gold zone identified in world class producing region
·                4 km long gold-in-soil geochemical anomaly identified
·                Gold in soil up to 704 parts per billion (equivalent to 0.704 g/t)
·                2,912 soil samples collected
·                Anomaly occurs 4km west of IAMGOLD’s Buckreef Gold Mine and 30km southwest of the multimillion ounce Geita Gold Mine owned by AngloGold-Ashanti


An additional 1,989 soil samples were collected between November 2008 and early February 2009bringing the total soil samples collected on the project to 2,912, with 704 parts per billion (ppb) gold being reported from one soil sample.


Initial sampling by Obtala's geologists was completed over the whole licence area at a sample interval spacing of 250m X 50m (section line spacing x interval along section line) over the greenstone lithologies and at 250m X 100m in parts of the licence area underlain by granite. The in-fill samples were collected to reduce the sample interval to 125m X 25m over the anomalous zones previously indentified in November 2008. 

Project

Work Phase

Soil

QA/QC

Total

Buckree

Phase 1

923

98

1,021

Buckreef

In-fill

1,989

214

2,203

Total Samples Taken

 

2,912

312

3,224





Table 1. Total number of soil samples collected to date


From the results received over the entire licence area 91% of the sample values returned are less than 10ppbwith this value being used to define the outline for the broad low grade gold-in-soil anomaly. 24 samples returned values greater than or equal to 50ppb, 13 of which were greater than 100ppb. A total of 312 quality control and assurance samples were included with the sample submissions to the laboratory representing 10% of the total number of samples collected.


Click to view map of Buckreef Gold in Soils Anomalies (PDF attached)

http://www.rns-pdf.londonstockexchange.com/rns/8741O_-2009-3-14.pdf


The main anomaly trends north-easterly in the west part of the licence, swinging to a west-northwest trend on the eastern side of an inferred fault structure along the granite-greenstone contact. The horizontal distance covered by the anomaly is over 4,000m. There are a number of north to northwest trending anomalous zones associated with higher gold-in-soil values.


Geological mapping has been completed over the licence. It is determined that the geochemical anomalies lie within the greenstone units, which occur in the southern and western parts of the licence. Sub-cropping granite occurs in the northern part of the licence although the actual contact is not defined on the surface. Based on the results a surface trenching programme will be implemented, supported with a ground magnetic survey over the area to provide additional geochemical and geological data to assist in the interpretation of the sub-cropping structure and lithological contacts which may be associated with the mineralisation with a view to identifying drill targets. 


In addition the field crews are completing a trenching programme at Shinyanga based on the highly encouraging soil geochemical results receive at the end of 2008.


All samples were submitted to ALS Chemex (ALS) laboratories in MwanzaTanzaniaALS has preparation facilities in Mwanza with the prepared samples being dispatched to their analytical facility in VancouverCanada for analysis. All samples are being analyzed for gold using the Au-ICP21 method (fire assay with ICP-AES). 


The Buckreef licence covers an area of 16.46km2 and is located 120km southwest of MwanzaTanzania's 3rd largest city situated on the shores of Lake Victoriaand 4km west of the Buckreef Gold Mine, currently being evaluated by IAMGold. The town of Geita lies 30km northeast of the licence area and is home to the multi-million ounce Geita Gold Mine owned by AngloGold Ashanti.


Frank Scolaro, Chairman of Obtala, commented that the results have resolved a considerably larger target than defined by the original sampling in 2008, and represents an exciting new zone of mineralisation that has not been previously tested or discovered by either trenching or drilling. The Buckreef licence is positioned ideally in a world-class gold producing region, with operations including AngloGold Ashanti being close byObtala remains fully funded to continue its exploration programme over all its licence areas for 2009 and thereafter.  We are quickly establishing, in our first year of operations, a good understanding of the value of our ground in the Lake Victoria region and remain very confident of realising value added transactions with partners in the future.



Contact:

Simon Rollason - Managing Director

Frank Scolaro - Chairman

www.obtalaresources.co.uk

+44 (0) 20 7099 1940


Obtala Resources plc


 


Ray Zimmerman/Jonathan Evans 


+44 (0) 20 7060 1760

Zimmerman Adams International Ltd -

Nominated Adviser and Broker




This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFGGMFZDFGLZM