Zanzibar Commences Due diligence on 6 million gram reserve and Adjacent Gold Properties
Zanzibar Gold Inc.
5623 145A Street Surrey BC V3S 8E3
Tel 778-891-2701
May 28, 2019
Zanzibar Commences Due diligence on 6 million gram reserve
and Adjacent Gold Properties
Vancouver BC, Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it s
consultants have initiated their explo ration evaluation of the Mkuvia Gold Property in the
Nachengwea area of southern Tanzania.
The Mkuvia property has had small scale local placer operato rs mining gold from the
property since 2005. In 2009 , a 43-101 Compliant Rese rve report was calculated on the
central portion of the main gold producing area , th at outlined an inferred reserve 6 million
grams of gold.
The initial assessment is to determine that the identified reserve is intact and the purity of the
gold being rec overed. A field visit to the property and the collection of the allu vial gold for
analysis is being completed by the report’s original author.
“This work will determine how much of a gold bullion invento ry can be established for the
company by a low cost placer operation,” Company President S.A. Farrage outlined, “As well
as enabling the company to evaluate other gold prospects in the region.”
Tanzania has moved from an insignificant gold producing country in the last century to a 50
tonne per year producer in the early part of th e 21st century with Anglo Since Ashanti’s Geita
Gold mine ( 7 million ou nces produced sine 2000 with reserves estimated at 7.7 million
ounces) and Acacia ’s (Barrick gold) Buylanhulu (initial reserves 17 million oun ces) as the
forefront operations.
G. Macdonald, the QP for the company has reviewed this news release.
On behalf of the Board
Abby Farrage President
1-778-891-2701 Web site Zanzibar Gold Inc.
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