Significant gold and copper mineralization has been identified at Kibara in trenches within the Nyakona Hill area and in artisanal gold workings. Several grab samples taken in 2005 returned values up to 6.0 g/t gold and 13% copper.
In a news release dated April 18, 2006, the Company reported trenching results that included 17 samples averaging greater than 1% Cu; nine samples that returned values greater than 5% Cu; and four values that graded over 10% Cu (10.2; 13.5; 15.0; 27.4 respectively). Silver values ranged from detection levels to 87 g/t (2.5 oz/ton).
The Company began exploration work on the Kibara Project in August 2002 with mini-BLEG (Bulk Leach Extractable Gold) sampling. This program was followed by rock and termite mound sampling to validate the BLEG anomalies and later by trenching, biogeochemical (BGC) sampling and gradient IP surveys. The other licenses were covered with BGC sampling, mapping and chip sampling and limited auger drilling.
Follow-up exploration work including RAB and/or RC drilling has been recommended for each of the targets areas identified in the 43-101 report which was prepared by Martin J. Taylor, P.Geo, a Toronto-based independent consulting geologist who fulfills the requirements to be a "Qualified Person" for the purposes of NI 43-101.
The objective of this program will be to confirm the existence at depth of any gold/copper-in-quartz mineralization returned previously in trenches at Nyakona Hill and to extend any gold mineralization identified in the artisanal mine workings. Success in the first phase exploration program would precipitate a second phase of exploration that would include additional RC drilling to expand the mineralization along strike and to depth.
James E. Sinclair Chairman and Chief Executive Officer
For further information, please contact Investor Relations at 1-800-811-3855 or visit our website www.TanzanianRoyaltyExploration.com