|By Marketwired .||
|August 13, 2014 06:55 PM EDT||
BELIZE CITY, BELIZE -- (Marketwired) -- 08/13/14 -- The directors and management of Kilimanjaro Capital (PINKSHEETS: KIMJF) are pleased to announce that it has signed an agreement with SIKA Resources to earn up to a 30% interest in SIKA's world class gold assets in Tanzania.
SIKA holds properties located within the Lake Victoria Goldfields, a world-class gold district with over 60 million ounces of gold in reserves In Tanzania. SIKA's properties host Archean greenstone rocks within which numerous northeast-southwest and northwest-southeast trending fault/shear zones are seen, similar to trends hosting known gold deposits across the district. The assets are favourably located next to billion dollar gold deposits run by majors such as AngloGold Barrick and Resolute.
Kilimanjaro is excited by the opportunity present in Tanzania. The political stability coupled with the untapped resource potential allows Kilimanjaro to make an impact revenue generating acquisition. According to Kilimanjaro CEO Zulfikar Rashid: "Kilimanjaro is delighted with this opportunity to work with Kim Harris and SIKA Resources in Tanzania. This gold asset has been on our radar for a long time and we will do everything possible to make it happen. We are already in discussions about the financial structure required and hope to consummate the deal in 30 to 60 days."
SIKA plans to announce its work program on the assets shortly and is also optimistic about the two emerging Africa focused resource companies partnering up to tap gold deposit formations.
Kim Harris, the CEO of SIKA Resources, has reinforced the relationship is important to both companies: "The interests of SIKA Resources and Kilimanjaro Capital are aligned. Both companies want this partnership to prosper. This is a joint effort by two companies ready to go to work to reach their goals."
Tanzania is considered by many as Africa's most stable country featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa's third largest gold producer, yet many highly prospective regions remain under-explored. More information on SIKA's assets can be found at www.sikaresources.com.
Certain statements contained in the following presentation constitute forward-looking statements, involving a number of known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company to be materially different from actual results and achievements expressed or implied in such statements. Readers are cautioned not to place undue reliance on these statements, while considering the risks inherent in the business of exploration.
Sep. 28, 2016 02:15 AM EDT Reads: 1,332
Sep. 28, 2016 02:00 AM EDT Reads: 1,121
Sep. 28, 2016 01:45 AM EDT Reads: 3,033
Sep. 28, 2016 01:45 AM EDT Reads: 2,789
Sep. 28, 2016 01:45 AM EDT Reads: 2,889
Sep. 28, 2016 01:30 AM EDT Reads: 2,028
Sep. 28, 2016 01:00 AM EDT Reads: 1,561
Sep. 27, 2016 11:45 PM EDT Reads: 2,980
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 10:45 PM EDT Reads: 2,851
Sep. 27, 2016 10:45 PM EDT Reads: 3,406
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 10:30 PM EDT Reads: 2,195
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 27, 2016 09:30 PM EDT Reads: 2,978
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 497
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,048
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 08:15 PM EDT Reads: 2,243