Zanzibar in Negotiation to Acquire Advance Gold Exploration Properties
Page 1 of 2
Zanzibar Gold Inc.
5623 145A Street Surrey BC V3S 8E3
Tel 778-891-2701
June 11, 2019
Zanzibar in Negotiation to Acquire Advance Gold Exploration Properties
Vancouver BC, Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it is in
negotiations for an option earn-in agreement to acquire a 100% interest subject to a royalty in
favour of the proposed property optionor in the Fakawi Gold property in the Handeni area of
North-central Tanzania, have several areas of high grade gold samples that have not been
followed up, previously.
During exploration work programs completed in 2012, several gold bearing veins were
observed that have spawned several areas of placer gold mining by the local res idents.
Sampling to the west of the main valley foll owing up on a s oil sample of 310 ppb gold by a
small trench revealed a quartz vein that assayed 40.70 grams and 57.99 grams
(approximately 1.2 ounces and 1.7 ounces respectively) across a 1 metre width. Another
small trench approximately 200 metres west of this pit assay ed 36.89 grams (1.1 ounces)
over an apparent width of 1 metre. Approximately 600 metres north of the first pit another 1
metre wide vein was exposed in a small trench which assayed 34.03 g rams (1 ounce) with
another sample at 1.82 grams.
On the east side of the same main valley, along an 1 kilometre east -west direction
approximately 6 small trenches all assayed gold values with 2 reporting 20.4 grams and
40.21 grams (0.6 ounces and 1.2 ounces respectively). Another trench approximately 300
metres north of this line assayed 82.31 grams (2.4 ounces) across a 1 metre width.
The foregoing results were obtained through the retention of the laboratory services of
African Minerals and Geo-sciences Centre (AMGC), in Tanzania, an ISO certified, high tech
minerals related laboratory which employed AAS with multi acid digestion analysis.
The Fakawi Property is a hard rock exploration project l ocated northwest of the 1 million
ounce Magambezi Deposit, and has had no follow up exploration conducted.
The metamorphic rocks that host the area’s mineralization could represent an extension of
the greenstone belts that host Tanzania’s main mining deposits to the west or represent a
Sediment Hosted Vein (SHV) Deposit, which have typically low grade gold (1 -3 grams per
ton) with some high grade veins and represent some of the largest deposits in the world, with
common characteristics to this region.
“These high grade samples over a wide area represents a n interesting exploration target ”
Company President Abby Farrage stated, “that is just being understood as it undergoes its
first real modern assessment.”
Page 2 of 2
The Company is looking forward to completing its negotiations for the proposed option earn-
in and will announce same when an agreement has been entered into.
G. Macdon ald, the QP for the company has reviewed a nd approved the scientific and
technical information in this news release.
The Company also announces the resignation of Akash Patel as the CFO of the Company
for personal reasons and thanks him for his services to date and wishes him well in his future
endeavors.
On behalf of the Board
Abby Farrage
President
1-778-891-2701
https://thecse.com/en/listings/mining/zanzibar-gold-inc
This press release contains forwa rd-looking statements within the meaning of applicable securities laws. All statements
that are not historical facts, including without limitation, statements regarding futur e estimates, plans, programs,
forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward- looking
statements.” Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “ does not
expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”
be taken, occur or be achieved. Such for ward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results, events or developments to be materially different from any future results, events
or developments expressed or implied by such forward looking statements.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.