Pan African Mining Corp. Receives 43-101 Reports on Diamond Projects in Botswana
18 Junio 2008 - 2:01AM
Marketwired
VANCOUVER, BC (TSX-V: PAF) (FRANKFURT: P2A)announces that it has
now received independent Technical Reports in accordance with N.I.
43-101 on its Okavango and Tsau diamond projects in Botswana. The
reports were prepared by Dr. Peter A. Christopher, P.Eng., of
Vancouver-based PAC Geological Consultants Inc. Both projects are
100% owned by PAM Botswana (Pty) Ltd., a 99.93% owned subsidiary of
the Company, and are included among assets to be transferred to
African Queen Mines Ltd., a newly formed subsidiary of the Company
("African Queen"), in accordance with the Plan of Arrangement among
Asia Thai Mining Co., Ltd., 0819615 B.C. Ltd., the Company and
African Queen. The Plan of Arrangement is pending approval by the
securityholders of the Company at a special meeting scheduled to
take place on June 25, 2008.
The Technical Reports cite the prospectivity of both the
Okavango and Tsau projects for diamonds, noting the convergence of
favourable geochemical and geophysics data from such projects. They
include recommendations for work programs for the present dry
season comprised of further sampling as well as drilling. The
reports are available for review at www.sedar.com.
About Pan African
The Company is an exploratory resource company with
approximately 7,500 sq. km. of diversified mineral properties and
5,000 sq. km. of uranium properties in Madagascar. The Company is
exploring these properties for uranium, gold, coal, precious
stones, base metals and industrial commodities. In addition, the
Company is exploring two large regions for gold and metals in
Mozambique under agreements with other companies. It also has
approximately 5500 sq. km. of diamond licenses in Botswana which it
is presently exploring. Its operations in Madagascar are carried
out through its operating subsidiary, PAM Madagascar Sarl, and its
uranium activities are carried out through its 80% owned subsidiary
PAM Atomique Sarl. The Company has offices in Vancouver, Canada and
Antananarivo, Madagascar. More information about the Company is
available at www.panafrican.com.
About Asia Thai Mining Co., Ltd.
Asia Thai Mining Co., Ltd. ("ATM") is a holding company
incorporated in Thailand. ATM, either directly or through
affiliated companies has extensive experience in the development
and operation of mining interests, in particular in respect of coal
mining interests. Through its subsidiaries, it is involved in the
exploration and development of several coal mines in Indonesia. The
company projects its coal production capacity will reach
approximately 4 million tons by 2009. ATM forms part of a group of
affiliated mining companies, including Saraburi Coal Co., Ltd.
("SBCC"). SBCC has been mining coal and tin in Thailand and other
Southeast Asian countries since 1998. In addition, SBCC has
recently been awarded a 9-year, US$500 million coal mining contract
in Thailand from Electricity Generating Authority of Thailand and
SBCC will start work in 2008. ATM is a private company with its
registered address and principal place of business at 2034/132-161
New Petchburi Road, Bangkapi, Huaykwang, Bangkok, Thailand.
ON BEHALF OF PAN AFRICAN MINING CORP.
"Irwin A. Olian"
Irwin A. Olian
CEO & Director
Forward-Looking Statements
Certain statements herein constitute forward-looking statements
or forward-looking information within the meaning of applicable
securities legislation, including the statements or information
about the Transaction and proposed spin-off of African Queen.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements or
information.
With respect to forward-looking statements and information
contained herein, we have made numerous assumptions including among
other things, assumptions of our ability to close the Transaction
and spin-off African Queen. Although our management believes that
the assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that a forward-looking statement or information herein will prove
to be accurate. Forward-looking statements and information by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. Such risks and uncertainties include
risks and uncertainties involved in satisfying the conditions to
close the Transaction and spin-off African Queen.
There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements or information. All forward-looking
statements and information made herein, are qualified by this
cautionary statement.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the
information contained herein.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For more information, contact: Irwin Olian President and CEO
E-mail: Email Contact Phone: (604) 899-0100 Fax: (604) 899-0200 Tom
Kinakin Corporate Communications - Vancouver Email: Email Contact
Phone: (604) 899-0100 Fax: (604) 899-0200 Carrie Howes Corporate
Communications - London Email: Email Contact London: 7780-602-788
Germany: (0) 1722-1234-47 Pan African Mining Corp. Suite 1925, Box
11553 650 West Georgia Street Vancouver, BC V6B 4N8
Pan African Mining Corp (TSXV:PAF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Pan African Mining Corp (TSXV:PAF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024