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Wednesday, 26th January 2005 (4892 views)

Pan African Resources has revealed that drilling at its gold project in Ghana is performing well.<br/><br/>Currently running a 6,000-metre drilling programme, 1,709 metres have so far been drilled to help test the known gold mineralization at the site, according to AFX News.<br/><br/>Managing director Roger Craddock commented: "These results confirm the attractiveness of our prospects in Ghana where we have seen some significant intersections of high grade mineralization."<br/><br/>It is hoped the current drilling work will also test the potential of the highly prospective Collette Prospect.<br/><br/>"Our next step will be to process results from Mozambique and further results from Ghana before we are able to better determine the increase in our assets but I am most encouraged by what we have seen so far," Mr Craddock added.<br/><br/>The company claims that targets in Mozambique and Ghana could each produce a resource of over one million ounces of gold.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7650946"/>

 

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