Click here to close now.




















Welcome!

News Feed Item

Pan African Mining Corp. Commences Uranium Field Exploration in Madagascar

Pan African Mining Corp. Commences Uranium Field Exploration in Madagascar

VANCOUVER, BC -- (MARKET WIRE) -- 05/08/06 -- Pan African Mining Corp. (the "Company") (TSX-V: PAF) is delighted to announce that it has now commenced field exploration of prospective uranium deposits in the first of four zones delineated in its Joint Venture Agreement with L'Office des Mines Nationales et des Industries Strategiques ("OMNIS"), a Malagasy State agency. This initial exploration zone is known as the Antsirabe Zone, and is located in the Province of Antananarivo in Central Madagascar.

The Company was previously issued three Permis Recherches covering 32 Carres or an aggregate of 200 sq. km. in the Antisarable Zone. One Permit is situated in the Lacustrine Basin of Antsirabe approximately 180 km. south of Antananarivo. The other two are in relatively close proximity within the pegmatite fields of Vavavato and in the historic uranium area of Vatovory. The Company's claims were among the first to be obtained in the recent surge of interest in uranium exploration in Madagascar, using criteria including known radioactive anomalies, earlier prospecting successes, old drill results from French studies, and past mining of uranium and thorium. In addition to the Permis Recherches, Environmental Permits on Forms PEE-RIM and PEE-RIS were granted to the Company in order to cover all anticipated drilling, trenching, pitting, road-building, camp establishment and other exploration activities presently contemplated in the initial phases of exploration in the Zone.

The Company has assembled a team of approximately 10 geologists and senior technicians on the ground in the Antsirabe zone, headed up by J. Thomas Nash (Ph.D. in Geology 1967, Columbia University), who has some 40 years experience in the geology and genesis of uranium deposits of the U.S., Australia and Canada. The team is endeavoring to identify prospective target areas with potential to host commercial uranium deposits. The Company has recently opened a satellite exploration office in Antsirabe to facilitate operations in the region.

The immediate study area coincides with zones of historic prospecting and small-scale mining of radium and uranium in pegmatites and in lacustrine sediments. These known prospects are being examined by the Company's field team, and adjacent areas will be studied for possible uranium deposits not previously considered by former exploration programs.

The Vavavato area north and west of Antsirabe contains many kinds of granitic rocks and pegmatites. The granitic rocks will be examined for structures and alteration zones favorable for the occurrence of intra-granitic vein deposits of the French type, or for disseminated uranium occurrences with similarities to the large bulk-mined deposit at Rossing, Namibia.

Tertiary to Quaternary volcanic rocks of several types occur in a major continent-scale rift zone on the eastern side of the study area. Recent academic studies of the tectonic setting of the volcanic rocks clarify their evolution and suggest zones of rhyolite and lacustrine volcaniclastic rocks favorable for several types of uranium deposits. One area within the Company's license, Vinaninkarena, is well known as the site of a radium and uranium deposit in lacustrine rocks, but other volcanic rocks and lacustrine basins have received little exploration attention.

According to Irwin Olian, CEO of the Company, "We are very excited to be commencing our uranium exploration program on the ground in Madagascar. After some three years of planning and acquisition of strategic claims, we have assembled an outstanding team of professionals and have now completed necessary mobilization of equipment and supplies. We have a strong and highly motivated partner in OMNIS and are looking forward to working together to identify, develop and exploit viable uranium deposits in Madagascar."

About Pan African

The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 2,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, uranium, precious stones, base metals and industrial commodities. 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

ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN MINING CORP.

"Irwin Olian"
Irwin Olian
Chairman & CEO

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. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

Distributed by Filing Services Canada and retransmitted by Market Wire

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
Phone: +44-7780-602-788

Marlies Studer
Corporate Communications - Europe
Email: Email Contact
Phone: +41-44-215-2803

Pan African Mining Corp.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...